Ang Kalatas October 2015 Issue | Page 21

THE MESSAGE. BRINGING INTO FOCUS FILIPINO PRESENCE IN AUSTRALIA www.kalatas.com.au | Volume 6 Number 1 | OCTOBER 2015 PROPERTY MARKET 17 Pre-approval vs Subject to Finance W hat is pre-approval and what is subject to finance? Many first home buyers believe you don’t need pre-approval if you intend to use a subject to finance clause in the sales contract when you find a property to buy. But that’s not the case. This article explains why it’s a wise move to get pre-approval on your home loan and use a subject to finance clause as well if you c