Getting your loan pre-approved

  • Simple process
  • Clear guideline of what to do
  • Provides confident buying process
  • Valid for 3-12 months
  • Allows you to act quickly
  • Gives you peace of mind

Getting your finance pre-approved before you go house hunting is simple to do and gives you great confidence in the buying process. A pre-approval is similar to full finance approval except the final details of the property you purchase have not yet been determined.

This 'in principle approval' is usually valid for 3 months and can be valid for up to 12 months so you can take your time to find the perfect place.

Remember that the pre-approval is subject to the conditions under which it is approved, but it gives you a clear framework to work within.

Formal unconditional pre-approval

There are many 'versions' of home loan pre-approvals and many are only indications. If you want to go the next step and get something you can rely on, then talk to us about getting unconditional pre-approval.

Note that if you successfully bid at auction and your loan doesn't come through, you could lose your deposit. Getting your loan pre-approved will give you this peace of mind.

If you leave it too late to apply for your Home Loan, other buyers who already have pre-approved finance may beat you to your chosen property.

Click here to arrange your pre-approval

Already Purchased!

If you have already purchased a property make the time to call us and we will get started in obtaining the right loan for you.

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FAQs
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Depends on the size of your deposit, the value of the property, and your servicing capacity (based on your income and how much you are able to repay).

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Most mortgage lenders will require a deposit of 20% or more of the property price. Less may be required however will require mortgage guarantee insurance in most cases

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Depends on the type of loan, intrerestr rate, payment term, and whether you pay monthly or fortnighly. Use us mortgage calculators to guide you.

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Every state is different and may depend on the value, whether you are building or buying an established home. Read more in our FHOG article

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It is a rate that includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure that lets you compare loans from differengt lenders on a fair comparison.

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This 'in principle approval' is usually valid for 3 months. Gives you the confidence on how much you can borrow before your purchase a property.

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The cost of Stamp Duty varies between States and Territories. Subject to your personal loan circumstances, the cost of stamp duty can be included in the loan amount you borrow.

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You will never find time for anything. If you want time you must make it

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