Getting a loan pre-approval is a good idea, but there are a few things you need to know.

Unless you have gold buried under the bed or a money tree growing in the yard you probably need to borrow to buy your next property.

A pre-approval is a conditional lending document that is a must if your a prospective buyer.  It answers the first question; “How much can I afford to borrow?” Once you have the pre-approval you can get on with finding the right property.

If you have a pre-approval it means we have assessed your financial needs and position and found the right lender for you.  It is only a pre-approval so it is conditional on finding the right property and generally only lasts for 90 days.  A pre-approval doesn’t cost anything, only your time.

If you’ve got a pre-approval before you start the property hunt moving to an unconditional approval before settlement should be a quick process.  It makes the process quicker and less stressful when you do finally find the place you want to buy.

Always remember, “indicative” borrowing figures generated by online calculators are not a mortgage pre-approval and are a very general guide only.

Getting a pre-approval keeps it real, one of the best things is that you will know if a property is in your price range.  It will help with budgeting and setting realistic goals around what you can really afford to buy.

Every time you submit a pre-approval application, it will appear on your credit history as an “enquiry”, if you have too many enquiries over a short period of time lenders will start to ask questions.  That’s why a FirstPoint broker will help you select the right loan for your individual circumstances and goals and then guide you through the process, one easy step at a time.

Take a minute to call us and make an appointment to discuss your circumstances and goals around home ownership.

Sutherland shire suburbs

Alford Point, Bangor, Barden Ridge, Bonnet Bay, Bundeena, Burraneer, Caringbah, Commo, Cronulla, Dolans Point, Engadine, Grays point, Greenhills Beach, Gymea, Heathcote, Illawong, Jannali, Kangaroo Point, Kareela, Kirrawee, Lilli Pilli, Maianbar, Oyster bay, Miranda, Sandy Point, Sutherland, Sylvania, Taren Point, Waterfall, Woolooware, Woronora, Yarrawarrah and Yowie Bay.

St George area

Allawah, Banksia, Bardwell Valley, Bexley, Beverly Park, Blakehurst, Brighton Le-Sands, Carlton, Connels Point, Hurstville, Kogarah, Kyeemagh, Kyle Bay, Lugarno, Monterey, Mortdale, Narwee, Oatley, Peakhurst, Penhurst, Ramsgate, Riverwood, Rockdale, Sandringham and Sans Souci.

Inner West includes the suburbs of

Annadale, Ashfield, Balmain, Birchgrove, Dobroyd Point, Dulwich Hill, Enmore, Haberfield, Leichhardt, Lewisham, Lilyfield, Marrickville, Petersham, Rozelle, Stanmore, St Peters, Summer Hill, Sydenham, Tempe, Camperdown, Croyden, Croyden Park, Hurlstone Park and Newtown.

Eastern suburbs

The suburbs surrounding the southern shores of Sydney Habour:
Vaucluse, Rose Bay, Darling Point, Double Bay, Point Piper, Woollahra, Edgecliff, Woolloomooloo, Watson Bay, Potts Point, Rushcutter Bay, Elizabeth Bay, Bellevue Hill, Waverley and Bondi Junction.


Dover Heights, Bondi, Bronte, Tamarama, Clovelly and Coogee.

Inner City

Darlinghurst, Surry Hills, Moore Park, Centennial Park, Paddington and Queens Park.

South West

Kingford, Kensington and Randwick.