ANZ offers home loan pre-approval, which can help you understand your borrowing capacity and simplify the home buying process. Here’s how it works:
- Apply for pre-approval: You can apply for pre-approval online or by speaking with an ANZ home loan specialist. You’ll need to provide information about your income, expenses, and assets and liabilities.
- Receive a decision: ANZ will review your application and provide a decision on your pre-approval within a few days. Pre-approval is not a guarantee of a loan, but it can give you an indication of how much you may be able to borrow.
- Shop for a property: With pre-approval, you can confidently shop for a property within your budget. Keep in mind that pre-approval is typically valid for 90 days, so you’ll need to find a property within that time frame.
- Finalize your loan: Once you’ve found a property, you can finalize your home loan with ANZ. You’ll need to provide additional documentation such as a contract of sale and a valuation of the property.
It’s important to remember that pre-approval is not a guarantee of a loan, and your final loan application will still need to meet ANZ’s lending criteria. ANZ’s home loan specialists can provide more information on pre-approval and assist you with your application.