Thanks Terryw. The term "approval" should not be used lightly then. I think its up to the agent to clarify this when they seek for approval from buyers esp a first home buyer. I've seen agents who pushes for unconditional approval on paper (even though you might have told them its been approved) which is very professional but then I've seen agents…[Read more]

Hi Terryw, Just wondering if they notified you that the finance was approved conditionally does that also make the contract binding? You would think that it shouldn't because what if you thought you got the loan, then happily telling the agent you got approval (who by the way is prob pressuring you for an answer everyday and you don't want to lose…[Read more]