First home buyers guide
How Does Home Loan Pre-Approval Work?
What pre-approval can tell you, what it cannot, and what may change before final approval.
Offset Mortgage · Plain-English mortgage information
A preliminary assessment
A lender reviews supplied information and may indicate a conditional borrowing limit.
Conditions still apply
The property, valuation, unchanged circumstances, acceptable documents and lender policy may all affect final approval.
Keep it current
Tell your broker if your employment, debts, spending or deposit changes, and avoid assuming an expired pre-approval remains valid.
