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Home Loan Pre-Approval

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Get clarity on your budget and buy with confidence

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A home loan pre-approval confirms how much a lender is likely to approve you for — subject to final conditions — so you can search, offer, and bid on property with clarity and confidence. With a pre-approval in place, you’ll know your price range, avoid wasted time, and strengthen your negotiating position with real estate agents and sellers.

CTA Buttons (Place near top):

  • Apply Online Now

  • Book Your Consultation

  • Check My Borrowing Power (link to: /borrowing-power-calculator)

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What is a home loan pre-approval?

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Also known as approval in principle, conditional approval, or indicative approval, a pre-approval means a lender has assessed your financial situation and is prepared to lend you up to a specific amount, subject to conditions like a satisfactory property valuation. It’s not a full guarantee, but it’s the strongest indication that your loan scenario fits lender policy.

Quick Tools (Internal Links):

  • Compare repayments → Mortgage Repayment Calculator (/mortgage-repayment-calculator)

  • Estimate purchasing power → Property Buying Power Calculator (/property-buying-power-calculator)

  • Estimate upfront costs → Stamp Duty Calculator (/stamp-duty-calculator)

  • Get tailored rates → Mortgage Quote Calculator (/mortgage-quote-calculator)

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Benefits of getting pre-approved before house hunting

  • Know your maximum borrowing capacity and set a realistic budget

  • Save time by focusing only on properties within your range

  • Strengthen your position when making offers and negotiating

  • Be ready to bid confidently at auction

  • Speed up the formal approval process when you find the right home

  • No obligation — you’re not locked into using the loan

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How the pre-approval process works

H3 Step 1 — Discovery and strategy

We assess your goals, income, deposit, and credit position, and determine which lenders are most suitable.

H3 Step 2 — Compare over 40 lenders

We compare rates, fees, policy fit, and turnaround times to find the right lender options for your scenario.

H3 Step 3 — Application and documentation

We prepare and submit your loan application and supporting documents, ensuring a smooth and efficient process.

H3 Step 4 — Pre-approval issued (valid 90–180 days)

You’re ready to make offers or bid at auction. If it expires, we can refresh it where needed.

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Buying by Private Treaty vs. Buying at Auction

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You negotiate with the seller through the agent. Once your offer is accepted, we arrange valuation and help you move to unconditional approval. Then your solicitor or conveyancer manages contract exchange and deposit payment.

H3 Auction

You must complete all due diligence before auction day, as exchange happens immediately if you are the winning bidder and there is no cooling-off period. A pre-approval helps ensure you bid confidently and settle smoothly.

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How long does pre-approval last?

Most lenders issue pre-approvals lasting 90 to 180 days. If yours expires during your property search, we can request an update or refresh based on current documents and lender policy.

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What can impact your pre-approval?

Changes that may require reassessment:

  • Changing jobs or employment type

  • Taking out new loans or credit cards

  • Becoming self-employed

  • Large, unexplained transactions

  • Spending part of your saved deposit

  • Interest rate or lender policy changes

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Common property types lenders may be cautious about

  • Small apartments or studio units under minimum size

  • Certain apartment complexes or high-risk developments

  • Hobby farms or rural lifestyle blocks

  • Properties requiring major structural repair

  • Properties near large power lines or infrastructure

If this occurs, we’ll discuss suitable lender alternatives.

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Frequently Asked Questions

H3 Does pre-approval guarantee final approval?

No — final approval is subject to property valuation and your circumstances remaining consistent.

H3 Can I bid at auction with just a pre-approval?

Yes — provided we confirm the property type fits the lender’s risk policy.

H3 Will applying affect my credit score?

Yes, a credit enquiry is recorded — but we ensure applications are targeted and necessary.

H3 How do I know my true price range?

Check the Borrowing Power Calculator, then we confirm it with a lender-verified pre-approval.

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Ready to get pre-approved?

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We work for you, not the lenders. We compare over 40 banks and lenders to find the right fit for your goals and manage the entire process from start to settlement.

CTAs:

  • Apply Online Now

  • Book Your Consultation