If you are planning to buy a property, the first thing you should do is to figure out your budget and how much you can loan from the bank. This can be done by an Approval In Principle application from the banks. An Approval in Principle is a pre-approved loan by the banks that will let you know how much they will loan you.

It is highly recommended that you apply for this In Principle Approval even before you start looking for a place.

 

This will save you time by viewing only properties within your budget, and also giving you the confidence to commit immediately when you have found your dream property. I have heard so manys stories of clients losing their initial deposit because they are unable to obtain loan approval. 

Not all banks encourage In Principle Approval as there is upfront costs in determining the credit profile of a customer, and also involves additional work for the bankers.

 

Home Loan Whiz works with 16 banks in Singapore. Over time, we have built up great relationships with bankers who are friendly, reliable and efficient. We are also very well informed on the latest mortgage rates and credit procedures for each bank, enabling us to make better recommendations to you.

If you intend to proceed with an Approval in Principle, please contact us by filling up the form below or call us at 6631 8980

If you are an agent, or know of anyone else who might require this service, please refer them to us. We have a referral program in place that will reward you for your efforts.