How to Get Pre-Approved for a Home Loan in Australia”

Hi, I’m Nicholas from Truth Group – your local mortgage broker and buyer’s advocate.
If you’re looking to buy a property in Australia, the very first step is getting pre-approved for a home loan.
Today, I’ll walk you through exactly how that process works and what you need to do to get started the smart way.

WHAT IS PRE-APPROVAL?
Let’s start with what pre-approval actually means.

Pre-approval is a lender’s indication that, based on your current financials, they’d be willing to lend you a certain amount – but it’s not yet a final approval. Think of it as a green light to go house hunting with confidence.

It usually lasts 60 to 90 days and gives you a clear budget range. But remember: it’s still subject to final checks once you actually buy a property.

WHAT YOU NEED TO GET PRE-APPROVED

Here’s what you’ll typically need:

• Proof of income (like payslips or tax returns)
• ID documents (passport or driver’s license)
• Bank statements
• Details of debts, expenses, and credit cards
• Savings history or gifted deposit letters

If you’re self-employed or a sole trader, lenders might want your last 1–2 years of tax returns or BAS statements.

[HOW I HELP CLIENTS GET PRE-APPROVED]

Now, here’s what I do differently.

I don’t just throw your application at a bank and hope for the best. I take the time to review your documents, structure your application correctly, and match you to a lender who fits your long-term goals – not just the one with the flashiest rate.

I also help you understand borrowing limits, repayment options, and how to use things like offset accounts to your advantage.

Dont do’s

• Don’t apply with too many lenders – that can hurt your credit score.
• Don’t make major changes to your finances while you’re applying (like switching jobs or taking on new debts).
• Don’t assume all pre-approvals are equal – some are just automated calculations, not real assessments.

If you’re ready to get pre-approved the right way, or want me to look over your situation before you apply – just reach out.
At Truth Group, I help clients avoid nasty surprises and get loan-ready with confidence.