Preapproval (within one week)

Discussion in 'Loans & Mortgage Brokers' started by Property007, 3rd Oct, 2021.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Property007

    Property007 Well-Known Member

    Joined:
    6th Aug, 2021
    Posts:
    46
    Location:
    sydney
    Is it possible/ realistic to get a mortgage pre-approval within one week?

    (Assuming we have all the paperwork, meet serviceability criteria, deposit, etc).

    Cheers.
     
  2. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    10,257
    Location:
    Australia
    Why do you want a pre-approval?
     
  3. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

    Joined:
    23rd Aug, 2015
    Posts:
    1,546
    Location:
    Bella Vista
    Yes possible, if its 80%LVR it will even be better.
     
    Property007 likes this.
  4. ParraEels

    ParraEels Well-Known Member

    Joined:
    14th Jul, 2017
    Posts:
    1,107
    Location:
    Australia
    I lodged my application on Monday and i got pre-approval on Thursday, we used Westpac
     
    Property007 likes this.
  5. Property007

    Property007 Well-Known Member

    Joined:
    6th Aug, 2021
    Posts:
    46
    Location:
    sydney
    There is a property that I'm interested in, and auction is on the 10th.
     
  6. beachgurl

    beachgurl Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,318
    Location:
    Sydney
    Yep, there are a few that will meet that timeframe if it's a simple deal and they have everything they need.
     

Build Passive Income WITHOUT Dropping $15K On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia