The official State Custodians mobile app for new borrowers allows potential home owners to know within minutes if they might be able to afford a property.
Users can determine their eligibility for a home loan in real time and get a pre-approval email. in the app released by State Custodians.
Customers are required to enter a few details into the app, and within minutes they have an indicative pre-approval result.
Users can select the product appropriate to their requirements, view latest interest rates, and see discounted rates subject to their required LVR.
In addition, the app can determine if a user can comfortably service the loan repayment and provide a personalised pre-approval for peace of mind.
The app is free, and available on both the iPhone and the iPad.