In this fast moving market it is wise to ensure you have your finance pre-approved prior to beginning your search for property. It may be tempting to view properties prior to visiting your bank or mortgage broker, but without a pre-approval you will need to consider placing a 'subject to finance' clause in your sales and purchase agreement. This of course is fine, unless you are in a multi offer situation whereby having conditions in an offer can make an offer less attractive to a vendor versus a condition free offer.

A finance pre-approval should be a relatively simple process and often only take 12 - 24 hours (unless you are self employed) after you have provided evidence of your income and completed the application form. For self-employed people, it is preferable that you have been in business for more than 2 years and are able to provide financial statements.

ASB Mortgage Calculator

Our mortgage calculators are a great place to start if you're trying to work out how much you can afford to spend and what your repayments will be. And don't forget to talk to us about getting loan pre-approval, so you can be ready to move fast on the home you want.