In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Approval in Principle (AIP) means the bank has agreed to extend you the funds for a home loan, subject to a valuation of the property. In summary, both terms mean roughly the same thing, which is that your lender has agreed in principle to lend you a certain amount of money toward the purchase of a property. Unlike Pre-approval, In-principle approval requires a full credit assessment and responsible lending assessment. Your lender will look at your current financial situation and ask for formal identification, your income, assets, debts, your costs of living etc.
