Pre approval Vs approval in principle

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Approval In Principle Vs Pre-Approval
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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 youd need.
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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 hasnt proceeded to a full or final
approval.
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Do pre approval and approval in principle options
guarantee me a home loan?
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If youd 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.
www.coronisfinance.com.au
[phone]