Pre-Approval

A conditional indication from a lender of how much you may be able to borrow, before you have found a specific property or made a purchase.

In More Detail

Pre-approval is not a guarantee of final approval — it is generally subject to the lender confirming details of the property and your financial position at the time of formal application. Pre-approvals typically have an expiry period, often a number of months.

When to Seek Help

If you're planning to buy a home or commercial property and want a clearer sense of your budget, ask a broker about getting pre-approved before you start looking.