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Mortgage: time to lock in your rate? Expert property advice from Chris Bates

Australian Finance Podcast

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Pre-Approvals Aren't the Same, Right?

This has been a really interesting year for pre-approvals. We started, you know, when the rate increases went up through the roof, we just said to our clients, we're really nervous around pre-approval right now. And that turned out to be right. They would only honor them if it was less than 30 days old - which is not that off in a few weeks. But yeah, absolutely. You just got to be careful. Sometimes you'd rather have automated pre-approved that's not actually verified your documents.

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