If you are considering making that next property purchase, it is recommended to get a home loan pre-approval first. Not only does it save you time on your property search, but it also protects you from overspending.
How long does pre-approval take?
Turnaround times for pre-approvals vary for each lender from the time of application submission. Verify with your broker the expected timeframe for your preferred lender. Providing us with the correct documentation up-front will help achieve a speedy turnaround.
Follow these three easy steps to get your home loan pre-approval.
-
- Proof of identity
- Proof of income and savings
- Proof of living expenses and other expenditure
- Evidence of current assets and liabilities
- Collect your documents
- Talk with us 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.
If youβre ready to start your hunt for a new home or investment property, get in touch with us to organise pre-approval early so you are ready to act fast when you find the right property.Β Learn more about the benefits of pre-approval.