Mortgage pre-approval allows you to act as soon as you find your dream home. It also helps you set a
maximum price for your purchases. This saves you time searching for properties and prevents you from
spending more than your budget.
Here is a handy guide to help you get started.
Three easy steps to home loan pre-approval
Collect your documents
- Proof of identity
- Proof of income and savings
- Proof of living expenses and other expenditure
- Evidence of current assets and liabilities.
Talk with your mortgage broker to find out
- How much can you borrow
- How much you require for a deposit
- How much you can repay each month
- If you qualify for a government grant or concession.
Submit pre-approval application with a lender
- We fill out the forms and do all the work
- The lender provides confirmation in writing
- Pre-approval lasts for 3-6 months.