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Pre-approvals

Pre-approving your next home loan gives you buying power and certainty. Try our Free service.

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Pre-Approvals

If you’re in the market for a new property, then it’s important to be realistic about the amount of money you can afford to borrow.

Most people looking to purchase a property either for investment or personal use, will need to borrow money. Having a Pre-Approved loan is one way of ensuring your property search stays within a budget that a lender will approve.

Brisbane Home Loans, always recommends a Pre-Approval as the first step in your home buying journey to avoid unnecessary applications, and costs that cannot be recouped.

Loan Pre-Approval means that you submit a preliminary application to a lender prior to finding a property to purchase. The lender will review your application and confirm what type of loan and the maximum amount the lender will provide.

When applying for a Pre-Approved loan you will need to provide documentation, such as proof of deposit, proof of income, current monthly expenses, and any current credit commitments like personal loans or credit cards.

Irrespective of the amount the lender approves as part of the process, we always encourage clients to be prudent and borrow within their ability to service the loan.

Start Your Loan Pre-Approval Process

  • It is free and valid up for 3 months
  • It gives you clear guidance on how much money you can spend.
  • You won’t be setting yourself up for disappointment if you think you can spend more than your lender agrees to lend you.
  • It allows you to shop with confidence and bid at auctions should your dream home come onto the market.
  • It shows your estate agent that you are serious about buying a home.
  • That all eligibility information supplied to the lender is true and correct.
  • That the lender has received all the documentation necessary to verify deposit, security, assets, liabilities and income.
  • The lenders satisfactory assessment (including a valuation) of any property offered as security for your client’s loan(s).
  • Whether Lenders Mortgage Insurance is required. If it is required (generally when the loan amount is for more than 80% of the value of the security property) the loan(s) will be provided only if the insurer agrees to provide the insurance. The borrower will also need to pay the Lenders Mortgage Insurance premium.

The duration of the pre-approval will vary depending on the type of pre-approval and the lending institution.  Once we understand your needs, our Mortgage Brokers will offer possible options.

In general terms, we need to establish what you need and understand your personal financial position. You can use the following as a guide:

  • How much deposit you have saved;
  • An indication of the price range of the properties you’re considering
  • Your income;
  • Your assets;
  • Your living expenses;
  • Other loans you may have; and
  • Credit card debts.

As each client is different, this list is just an indication. We will provide a more definitive list as part of our initial meeting.

Either book an appointment online or call us on 07 3889 9250 and we can book a phone appointment with one of our experienced Mortgage Brokers.

Once the appointment is booked, we will send you an email containing a list of the information you should start to gather to make the process quicker.

We can also, email you and provide you access to our client portal via the internet where you can upload the necessary information prior or after out telephone meeting.

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"Good Old Fashion Service" - Every Day

Why Choose Brisbane Home Loans

You're In Good Hands

Brisbane Home Loans is all about good old fashioned personal service without exception.

Ongoing Commitment

We continue to work for you after the deal is finished, ensuring that we asses any new offers that become available which may be of benefit to you. 

We Tailor Things To You

We take the time to listen to your needs and then search the market for the best products that satisfies your needs at the lowest possible cost to you.

One Stop Lending

We give our clients access to Home Loans, Investment Loans, Commercial Loans and Asset Loans. You will only need to deal with one person for all your financing needs.

How We Work With Our Clients

We can meet clients in our office, in their home, office or the local coffee shop. Our initial interview will help us understand what you need in the short, medium and long term so that we can source the lender which will work best for you.

The world of financing continues to be more and more complicated. Our Finance Specialists have experience in finding the right product to meet the specific needs of each of our clients. During this phase, we identify three options that may be suitable for our client’s needs.

Our Finance Specialists will present available options to our clients providing a clear explanation of any differences, benefits and downfalls for each option. 

Our Finance Specialists work with our clients to have all the loan documentation signed and the loans established.

Our services don’t just stop once the loan is settled. We will establish a reasonable review time-frame to ensure everything is running as planned, and also ensure our clients are kept up to date with any beneficial finance options available in the market.

What Does A Mortgage Broker Do

Listen and Evaluate Your Needs
Calculate How Much You Can Borrow
Compare Options Available to You in The Market
Provide You Expert Advice
Do All The Leg Work
Obtain Pre-Approval For You
Create A Plan For You To Ensure You Stay Competitive In The Market
Most Importantly We Provide This at No Cost To You

Testimonials

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