Mortgage Choice logo
Gordon MacVicar

Home Loan | Why you need a pre-approval

As the best-rated Mortgage broker in Peregian Beach & Noosaville, we recommend getting a fully assessed preapproval before starting your search for your dream home.


Here are some key benefits of a fully assessed preapproval:

  • Knowing your borrowing power: A fully assessed preapproval is an in-depth evaluation of your financial situation, credit history, and employment status by a lender. By providing supporting documents such as tax returns, pay slips, and bank statements, the lender can determine your borrowing power and give you a more accurate estimate of what you can afford.
  • Being a more attractive buyer: Submitting an offer with a fully assessed preapproval can make you a more attractive buyer. It shows the seller that you're a serious buyer who has already undergone the assessment process, giving you an edge over other buyers who have yet to get pre-approved.
  • Saving time and money: A fully assessed preapproval can help you save time and money. The lender has thoroughly examined your finances, credit history, and employment situation, making you less likely to encounter any surprises moving to unconditional approval after signing a contract. This means you'll be less likely to be asked for additional documentation or face delays, ultimately saving you time and money.
  • Better budgeting: A fully assessed preapproval gives you a better understanding of your payments based on the loan amount, interest rate, and term. This can help you budget more effectively and avoid any unpleasant surprises.
  • It's guaranteed to make the home loan process less stressful.

It's also worth noting that the bank can hold the preapproval amount for up to 6 months in a rising interest rate environment. This gives you certainty for your property search and is essential in a market where interest rates may rise.

Ultimately all everyone is looking for in the home-buying process is assurance. A fully assessed preapproval assures you and comforts the Agent and Vendor. We can help you get a fully assessed preapproval and give you a competitive edge in the home-buying process.

Keen to know your borrowing potential and gain preapproval for your dream home ? Fill out our Snapshot form and our team will get back to you to discuss your options. 



Mortgage Broker Peregian Beach


At Mortgage Choice Peregian and Noosaville, we can help with Peregian Home Loans, Peregian Springs Home Loans, Coolum Home Loans, Yaroomba Home Loans, Mt Coolum Home Loans, Doonan Home Loans, Marcoola Home Loans & Eumundi Home Loans, Cooroy Home Loans, Cooran Home Loans, and Sunshine Coast Home Loans. You pick your dream home and we can do the rest.  

Contact us