“Some banks do not even check your payslips, or confirm that your savings meet their rigid policies before they issue a pre-approval."
In many cases, banks just issue an automatically generated pre-approval letter with a large list of conditions, ranging from income verification, savings confirmation, meeting their employment policy... the list goes on!
These kind of generic pre-approvals are completely useless and a waste of everyones time!
Given the number of pre-approvals that never proceed, it's no wonder the banks take short cuts!
We review all the information that is needed to get a REAL pre-approval before the banks credit team get involved - THEN we insist they provive a fully verified pre-approval with no generic conditions - other than finding your property of course!
"Not all pre-approvals are equal!"