Refinance Home Loans
Pre-Approval
Getting pre-approved is the first step towards securing your dream home. Learn the six key things you need to know about pre-approvals, from how they work to their benefits, so you're fully prepared when it's time to start house hunting.
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What is pre-approval?
A pre-approval is basically the lender giving you the heads up that they feel comfortable lending a certain limit to you, based on your current circumstances. There is no obligation for you to take out the loan and equally, the lender is not guaranteed to approve the loan – particularly if your circumstances change. It does, however, help you to refine your property search, bid with confidence and show vendors you are serious about buying.
How long is pre-approval for and what can I do if it is expiring?
In general, pre-approval can be around two or three months, depending on your lender. Your pre-approval paperwork will outline the expiry date of your pre-approval. If the expiration date is approaching, reach out. We can discuss your options and since we will already have your documents on hand, can potentially fast-track an application for an extension or a new pre-approved product.
Are there limitations to a pre-approval?
It is important to note the pre-approval is conditional (and based on your circumstances at the time of application), and not an absolute guarantee of being approved for the loan. That said, we will work with you to do everything in our power to get your finance across the line, and the pre-approval is a solid indication the lender is comfortable lending to you. If any of your circumstances change, let us know and we can discuss whether this could change your application.
I found a property I like. What next?
If you’ve found a property you believe is in your price range, it is time to make an offer. Get in touch with us first to ensure it satisfies the lender’s criteria and to receive your free property report. This report shows you the previous sales data of the property as well as recent transactions in similar properties nearby to give you an indication of what the property you like may be worth.
Why Choose Us for Your Pre-Approval
Fast and Easy Process
Expert Guidance
Flexible Options
A Simple and Streamlined Journey to Your Goals
Start with a Quick Assessment
Complete a brief online questionnaire. We’ll then discuss your goals and options either in person or online
Choose the Right Loan
We’ll search over 60 lenders to find the best loan options for you. Once you select a lender, we handle the paperwork and get you pre-approved
Discover Your Borrowing Power
Complete a brief online questionnaire. We’ll then discuss your goals and options either in person or online
Secure Your Home and Finalize
After making an offer on your chosen home, we’ll track the application process to ensure a smooth transition. Once everything is finalized, we’ll notify you when the funds are released and settlement is complete
Estimate Your Mortgage Repayments
Our Calculator will help you calculate your estimation
Ready to Take the Next Step?
Reach out to our team of experts for personalised support and answers to all your mortgage-related inquiries
Frequently asked questions
Everything you need to know about Our service
What does a mortgage broker do?
A mortgage broker (like me) acts as the middleman between you and the lenders/banks. We work for you but get paid by the lender or bank of your choosing. That means they help you choose the right loan to suit your needs at no cost to you.
Can you help me understand my borrowing capacity?
Borrowing capacity refers to the amount you can borrow based on your financial situation, including income, expenses, existing debts, and credit history. We analyze your financial details to help you understand your borrowing limits and provide tailored lending solutions to match your needs.
What grants are available to me?
Various grants and financial incentives may be available to assist you, particularly if you are a first-home buyer or an investor. These may include programs such as the First Home Owner Grant, regional housing incentives, stamp duty concessions, or other government-backed initiatives. We can guide you in identifying the grants you qualify for and help you navigate the application process to maximize the benefits available to you.
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