The Finance Approval Minefield
by Shannyn Hunter
Anyone who has dealt with the banks for a home loan will tell you about their battle scars with pride. Simply securing finance approval can be a frustrating and baffling task. An anxious purchaser can be kept waiting for finance approval because the valuation has been delayed, the vendor has gone overseas, the valuation has been done but your documents are being processed, your broker is on leave, your call is important to us...
It is best to ensure that the finance condition in the contract allows ample time to secure finance approval, because the unexpected happens.
With the right information, the naive purchaser can arm themselves against the common mistakes people make when buying a home and securing finance.
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