What Is Pre-Approval?
Understanding what mortgage pre-approval means and its importance.
Pre-approval means the bank has conditionally agreed to lend you a certain amount — based on your income, deposit, and financial position.
It's not a full loan approval — but it gives you confidence and speed when it counts.
Why It's So Important
Key benefits of having a mortgage pre-approval.
- Shows sellers and agents you're serious
- Lets you move fast when you find the right place
- Helps you avoid heartbreak (and wasted time)
- Reveals what price range you should actually be looking in
What Happens Without It?
The risks of house hunting without pre-approval.
- You could miss out on a great property while waiting for approval
- You might discover your budget is lower than expected
- You risk rushing paperwork under pressure — and making mistakes
Pro tip: Don't wait until you find a property to start the approval process — it could be too late.
When Should You Get Pre-Approved?
Timing your pre-approval application right.
As early as possible — even before you start looking.
- Pre-approvals usually last 60–90 days
- They can be refreshed if your situation hasn't changed
- It gives you time to clean up finances or grow your deposit if needed
What's the Process?
Simple steps to getting your pre-approval.
- Chat to a mortgage adviser (like me)
- Gather your financial docs (income, savings, expenses)
- Apply for pre-approval with one or more lenders
That's it — and I'll guide you through every step.
Ready to Get Pre-Approved?
Let's get you ready to house hunt with confidence.
I'll help you understand your options and guide you through the pre-approval process.
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