Whether you are buying your first home, an investment property or a new home, it’s important to obtain a home loan pre-approval.

Knowing exactly how much you can borrow is one thing but having a lender confirm they will lend you the money, which is based on your credit history as well as savings ability and borrowing power, is what goes into a formal pre-approval.

With many properties going to auction, only knowing how much you can borrow is not enough. Being fully pre-approved by a lender is more important than ever as it gives you bidding power and confidence on the day.

Related content