Pre-Approvals Home Loan

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.

    Brisbane Home LoansPre-Approvals Home Loan
    Brisbane Home LoansPre-Approvals Home Loan

    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

    First Home Buyers Love Us Because We Fight Hard For Your First Loan

    • 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.

    What Does A Mortgage Broker Do

    Customers Testimonials

    Customers Testimonials

    It was Our First Home and We had No Idea. Thanks to The Team From Brisbane Home Loans
    Daniel and the team at Brisbane Home Loans were super helpful and friendly to me as it was my first home loan and I had no idea! They answered all my questions and were very hardworking. Would definitely recommend to a friend.

    Tom Harvey

    They Made Buying Our First Home Easy and Fun. Thanks
    The team at Brisbane Home loans have been super helpful and extremely professional to assist us with all our first home questions. will be recommending them to everyone I know looking to buy!

    Nathan Cook

    Thanks for Helping me Turn my Dream into a Reality
    Service was great, very informative and kept me up to date on all progress and all steps. Follow up after it was all done and dusted was also great. Took the stress out of it which was a great help for my busy life. I would totally recommend Dan and Jordan to anyone.

    Emma Schefe