Pre-Approved Home Loan: Get Approved Fast
Why Get Pre-Approved?
- Know Your Budget: Pinpoint your affordable price range and shope with confidence, especially at Auctions
- Strengthen Your Offer: Stand out to sellers as a pre-approved buyer is ready to close
- Save Time: Skip delays by having finance lined up before you start your search
- Negotiate with Confidence: Act quickly and decisively in competitive markets
Free 30 Minute Strategy Session:
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What is Home Loan Pre-Approval?
Home loan pre-approval is a lender’s preliminary evaluation of your financial situation to determine your eligibility for a mortgage and the amount you can borrow. This process reviews your income, debts, assets, and credit history. Upon approval, you’ll receive a conditional commitment for a specific loan amount, giving you a clear budget and signaling to sellers that you’re a serious buyer.
For more on mortgage basics, check out the Australian Banking Association.
How the Pre-Approval Process Works
We’ve streamlined the pre-approval process at Professional Home Loans to be fast and stress-free. Here’s how it works:
Initial Consultation: Contact us for a free consultation with our expert mortgage brokers. We’ll review your goals and finances.
Document Collection: Provide:
Proof of income (e.g., pay stubs, tax returns)
Bank statements
ID documents
Details of debts or liabilities
Application Submission: Fill out our online application form with our team’s support.
Credit Check: We assess your creditworthiness—strong credit can mean better rates.
Financial Assessment: We analyze your income, debts, and assets to calculate your borrowing power.
Pre-Approval Issuance: Receive a pre-approval letter outlining your loan amount and conditions.
How Long Does Pre-Approval Take?
At Professional Home Loans, pre-approval typically takes 3 to 5 business days once all documents are submitted. The assessment time also varies from lender to lender. To speed things up, prepare your paperwork in advance and respond promptly to requests. For tips on organizing your finances, visit ASIC’s MoneySmart.
Why Choose Professional Home Loans?
Professional Home Loans stands out with personalized service and expertise. Our brokers work with a wide network of lenders to secure competitive rates tailored to your needs. We’re dedicated to guiding you through every step of your homeownership journey.
Take the First Step Today
Don’t wait—get pre-approved for your home loan today and start your home buying journey with confidence. With Professional Home Loans, it’s quick, simple, and designed for your success.
Schedule Your Free Consultation or call us now to connect with our team.
Getting a home loan was really simple with Professional Home Loans.
“We went overseas during settlement and it was not a problem for them, everything went smoothly and I’m writing this from my new home! “
Jack Clancy
Physio
Well done you made it easy with no BS.
“Couldn’t ask for a better job – until next time (although no time soon, moving was awful). “
Accountant, Mick and Vanessa Renton
90% no LMI Brisbane, QLD.
No LMI for building home in Sydney as well as 90% LVR no lmi for investment proerpty off the plan in Newcastle.
“Professional Home Loans has provided us with a very professional service, communicating all the available options to us and in the process he has literally saved us $75k that we would have otherwise paid. They certainly go beyond the call of duty. “
Hamilton (Accountant) & Nyari (Doctor) Sydney
NSW
Working for QLD Health achieved 90% LVR no LMI at normal rates - From UK. Sunshine Coast, QLD
“We were able to get a loan at a good rate and avoid paying LMI which saved us several thousand dollars that we can now put towards other things. Very helpful and informative about all aspects of the process, not just the loan, which we really appreciated as it made the whole thing a lot easier for us.”
Craig and Louise (Medical Registrars)
Sunshine Coast QLD