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Larissa Barton

Home Loan Preapproval | Noosa | Tewantin | Gympie

The Importance of a Fully Assessed Pre-approval Before Starting Your Property Search on the Sunshine Coast

As your local homeloan experts on the Sunshine Coast, we highly recommend getting a fully assessed pre-approval before starting your search for your next home.


Whether you are a first home buyer searching for your first home or an existing home-owner looking to up or down-size, it's important to have a pre-approval in place before beginning your search. That way, you're fully prepared to place an offer when you find your dream home. 

What are the benefits of having a pre-approval in place?
  • Knowing your borrowing power: A fully assessed pre-approval 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 gone through the assessment process, giving you an edge over other buyers who have yet to get pre-approved.
  • Saving time and money: A fully assessed pre-approval can help you save time and money. The lender has thoroughly examined your finances, credit history, and employment situation, so you're 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 pre-approval 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 pre-approval amount for up to 3 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.


 Mortgage Broker Noosaville

3/35 Thomas Street NOOSAVILLE, QLD 4566

The Mortgage Broker Noosa team services the areas of Peregian Beach, Peregian Springs, Noosa Heads, Noosaville, Noosa, Marcus Beach, Tewantin, Coolum Beach, Mount Coolum, Yaroomba, Bli Bli, Yandina, Marcoola, Pacific Paradise, Mudjimba, Cooroy, Sunrise Beach, Castaways Beach, Eumundi, Cooran, Pomona, Ringtail Creek, Tinbeerwah, Eerwah Vale, Doonan, Pinbarren, Cootharaba, Boreen Point, Noosa North Shore, Rainbow Beach, Lake MacDonald, Cooroibah, Mount Tinbeerwah, Cooloola Coast, Sunrise Beach,  Weyba Downs. 

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contact-us-broker-1Smoother experience as they have all your information.

contact-us-broker-2Better understanding of your financials to provide tailored advice.

contact-us-broker-3Faster response compared to being matched with a new broker.

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