What is home loan ‘pre-approval’?

A pre-approved home loan lets you know much you could borrow before you start looking at properties to buy. It can also speed up the process for getting a fully approved loan, once you’ve found a home you want to buy.

A home loan pre-approval will typically expire after a set period (e.g. 60 days). If your financial situation changes, you must inform your chosen lender immediately.

Why should I apply for a home loan pre-approval?

Once you have a pre-approved loan you can let the search for your new home begin and shop with confidence!

Pre-approval home loans are generally conditional. This means there are certain conditions you must meet before your lender will finalise a loan agreement (these will be itemised in your pre-approval or letter of offer).

Want to know more? Simply download our Home Loan application form for more information or to apply today.             

More frequently asked questions about home loans

You may find the answer on one of the pages below: