Three steps to home loan pre-approval

With the arrival of spring, it’s customary for the real estate market to spring to life. If you’re contemplating your next property investment, we strongly advise securing a pre-approved home loan. This not only streamlines your property hunt but also safeguards you from potential overspending during auctions.

How long does pre-approval take?

The time it takes to receive pre-approvals may differ between lenders once you’ve submitted your application. Please consult your 1st Street Mortgage Broker to determine the estimated processing time for your chosen lender. Ensuring you provide all necessary documentation upfront can expedite the process.

Follow these three easy steps to get your home loan pre-approval.

1. Collect your documents:

  • Proof of identity
  • Proof of income and savings
  • Proof of living expenses and other expenditure
  • Evidence of current assets and liabilities

2. Talk with us to find out:

  • How much you can borrow
  • How much you require for a deposit
  • How much you can repay each month
  • If you qualify for a government grant or concession

3. Submit Pre-approval application with a lender:

  • We fill out the forms and do all the work
  • The lender provides confirmation in writing
  • Pre-approval lasts for 3-6 months

If you’re ready to start your search for a new home or investment property, contact your 1st Street Mortgage Broker to organise pre-approval early so you are ready to act fast when you find the right property.

Learn more about the advantages of pre-approval.

Don’t hesitate to get in touch with us if you want to examine your options. Our 1st Street team are here to support you and are well-equipped to tackle any questions you might have.

Are you a first homebuyer looking for

Help?

We can help get you into your new home.

We’ve worked with clients across Australia to access the different first home owner grants (FHOG) as well as the various stamp duty and other concessions that may be available depending on which state you are in. We can talk you through your various options as well as helping you compare things like buying vacant land vs. an established home.

Enquire today!

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your numbers

Use our online calculators to work out how much you can borrow, loan repayments, stamp duty and lots more.

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With 40+ lenders to choose from, the options are never ending!

A word from our satisfied customers

Maxine Zhong
Maxine Zhong
19 October 2023
Amanda has been such an incredible support throughout our very first time going through the home loan process. Her thoughtfulness to regularly check in to make sure all our questions were answered and that all our documents were in place helped to make the whole daunting process feel seamless and easy. I could not recommend her enough - she made sure to keep us informed every step of the way and made sure all necessary documents/processes were completed well ahead of time so we never had to worry about missing any steps. She went well above and beyond her role, and I know we will definitely be coming back to her in the future, as well as recommending her to all of our networks! Thank you again, Amanda!
Mark Nesbitt
Mark Nesbitt
11 October 2023
Greg and the team provide an outstanding service. Highly recommended
Christine Tran
Christine Tran
23 September 2023
Yuval handled my first ever home loan, he did such an amazing job I asked to him to refinance for me 2 years later. Yuval made everything very easy for me, and will give his best recommendation as if it was his own. Would always recommend Yuval :)
David Petrini
David Petrini
25 August 2023
Yuval Bloomfield was an absolute delight to work with. He made it extremely easy for my clients to discuss about their financial situation. With Yuval's strong connections he was able to get the loan my clients wanted in very quick time. Will definitely refer Yuval again.
Sophie Linehan
Sophie Linehan
24 August 2023
Greg and the team at 1st Street were fantastic all the way through the process of getting our financing sorted and buying a new home. They not only secured us the most competitive mortgage in the market but they also gave advice on a number of mortgage-adjacent questions that came up along the way. Their responsive and thoughtful guidance helped make the nail-biting process clear and calm. We would definitely recommend their services.
Gabrielle Scott-Jones
Gabrielle Scott-Jones
18 August 2023
Greg and his team gave me exceptional advice and support. They were timely and detailed in their responses and dealt patiently with me as a first home buyer and all of my questions. The lender at the bank commented on how well I was being looked after compared with other brokers in the market. I’d highly recommend 1st Street to anyone, including friends and family.
Eli Simic
Eli Simic
15 August 2023
Great communication and fast service
Richard Kuipers
Richard Kuipers
11 August 2023
Jeremy and his team are superb. Negotiated the best deal for us and were an absolure pleasure to work with. Highly recommended, you can't do any better in my opinion.
Jordan Rivkin
Jordan Rivkin
1 August 2023
The team at 1st Street truly are professionals. I can't recommend Jeremy highly enough, he is extremely competent and just a great guy. You're in safe hands with 1st Street!
Yossi Bengida
Yossi Bengida
23 July 2023
Another amazing job by David and Bree. Always available for our questions, helpful and just 10/10 Seriously good work !! See you on the next one :) Yossi and liz