Getting Preapproved for a Mortgage Loan

A lender provides a mortgage loan pre-approval to show how much you may be able to borrow based on your financial situation. It’s not a final loan approval, but it’s a strong indication of what you can afford.
The lender will assess your income, expenses, credit history, and deposit to determine your borrowing power. Most lenders keep your mortgage loan pre-approval valid for around 90 days, giving you time to find the right property.

• Know Your Budget – Avoid wasting time on homes outside your price range and focus on what you can afford.
  Not sure what you can afford?
  Try our Borrowing Capacity Calculator before applying for mortgage loan pre-approval.
• Stronger Negotiation Power – Sellers and agents take pre-approved buyers more seriously, giving you an edge in negotiations.
• Faster Loan Approval – Once you find a home, having pre-approval speeds up the final loan approval process.
• Identify Any Issues Early – If there are problems with your credit or finances, pre-approval helps you fix them before committing to a purchase.
• More Confidence in House Hunting – Knowing your borrowing capacity means you can make an offer quickly without worrying about finance falling through.

To get mortgage loan pre-approval, gather the key documents below so your lender can assess your financial situation:

• Proof of Income – Recent payslips, tax returns and financial statements if you’re self-employed.
• Savings & Deposit Proof – Bank statements showing your deposit amount and savings history.
• Credit History & Debts – Details of any existing loans, credit cards, or debts.
• Identification – Passport, driver’s licence, or other valid ID to verify your identity.
• Living Expenses – A breakdown of your monthly expenses to help the lender assess affordability.
• Assets & Liabilities – Includes any investments, properties, or assets you own, along with their associated income (e.g., rental statements), as well as any outstanding debts.
• Government Grants (If Applicable) – First-home buyers may need additional documents when applying for grants or incentives. Some regional grants require proof that you’ve lived in the area for at least 12 months, such as a bill showing the address from over a year ago. If you’re buying your first home, you may also be eligible for grants and concessions. Read our First Home Buyer Guide.

Our team will guide you through every step and help you submit the right paperwork so lenders can process your mortgage loan pre-approval as smoothly as possible.

We make home loans simple. No jargon, no stress—just expert advice tailored to
you.

• 25+ years of experience helping first-home buyers, investors, and refinancers.
• Access to multiple lenders, not just one bank.
• We handle everything – from comparing rates to handling the admin.
• We help you save – Our focus is on finding the right solution for you, not just selling a product.
• Your happiness is our top priority – We work with you to ensure your finances are structured to meet your goals now and into the future.
• We educate and empower you along the way – We want you to make great financial decisions now and in the future with confidence.

Start your mortgage loan pre-approval with confidence. We’ll help you take the right first step towards buying your home.