Approval In Principle Vs Pre-
What is Approval in Principle?
Approval in Principle is also known as a borrowing capacity estimate. This means that you will
know the maximum amount a lender will lend you and exactly what deposit you’d need.
What is a Pre-Approval?
A pre-approval is where a lender has agreed to lend you an amount of money for the
purchase of a property but hasn’t proceeded to a full or final approval.
Do pre approval and approval
in principle options guarantee
me a home loan?
If you’d like to make a start on a pre-approval or
approval in principle, then contact the mortgage
brokers at Coronis Finance to get you started on your
home buyers journey.
(07) 3864 4990