What is Loan Pre-approval?

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Becoming a property owner in 2024 is a big goal for a lot of our clients. With that in mind, there is one common question we are being asked...

What Is Pre-Approval and When Should I Get It?


  • lasts three to six months,
  • makes getting a loan simple, and
  • gives you the power to start looking seriously at properties?​

If you’re looking to purchase a property but you’re not sure how much you can afford, it would be hard to draw your budget and work towards your goal. Before looking for a property, it is logical to know how much you can realistically spend in the first place.

What Is Loan Pre-Approval?

A loan pre-approval means that a lender has agreed, in principle, to lend you an amount of money towards the purchase of your home.

It allows you to know your maximum available funds so you can narrow your search, negotiate with more certainty, and bid with more confidence if you’re going to auction.

​A pre-approval is a valuable step in getting you closer to your new family home or investment property. It’s not a requirement in the home-buying process, but it can make life easier.

It’s A Pre-Approval!

If your New Year’s resolution involves real estate, then it’s time you book in with us and get yourself ready to enter the property market.


  1. Because the real estate market has become a haven for people to invest in. With the banks and the share market offering reduced returns and less certainty every day, you need to be prepared.​
  2. Pre-approval is now seen as a prerequisite for many developers and builders so they can determine whose contract for sale they will accept.

We have seen some of our clients miss out on great opportunities because they didn’t have pre-approval. That’s why we recommend you take advantage of our free offer to have an independent broker assess your eligibility and borrowing capacity for the purchase of a home or investment property.​​


Start your property investment journey with us. Contact us today.

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