Dangers in Settlement Approval conditions

Hey, it's Aaron. What is that word settlement or approval? What does it actually mean today? And there's a couple of dangers in approvals, pre approvals especially, and settlements. One of the things I'm finding with a lot of my clients is that they'll have a bunch load of settlement conditions. Now the main ones we already know about where before you settle a home, you need to have some building insurance and you need to, if you've got a loan on it, you need to put the bank's details on that as well. And that's a pretty easy condition to deal with. The other conditions are that you actually sign the contract. And obviously that's pretty straightforward as well. But there can be these other settlement conditions, whether it's a personal loan, whether it's credit card, other things that are going to be paid out before you settle or after you settle, or a home that you're selling before you settle or after you settle. And it can get all confused. So does formal approval really mean formally approved? Does settlement actually put it through to settlement? Actually, it is confusing now. And this is where you need a professional broker on your side to be able to go through and navigate these ones. And obviously we might see a bit more on the settlement conditions than someone else, but these can really help you get some certainty in approval. We can get you some certainty in your financial situation going forward. And with settlement conditions, we can jump on and deal with them and address them as we need to. Hey, it's Aaron. Settlement conditions, pre approvals and approvals, are they really true?