Home Loan Pre-Approval

A home loan pre-approval is your golden ticket to a successful property search. It’s a formal indication from a lender of how much they are prepared to loan you, giving you a clear budget and the power to make offers with confidence. In the fast-paced Gold Coast property market, being pre-approved is non-negotiable.

Get Pre-Approved and Buy on the Gold Coast with Confidence

Searching for a home in suburbs like Mermaid Waters or Coomera without a pre-approval is like flying blind. You risk wasting time looking at properties outside your budget or, worse, missing out on your dream home because you're not ready to make a credible offer. At Max Rich, we take the guesswork out of the equation. We’ll assess your financial situation and secure a formal pre-approval, transforming you into the kind of prepared, confident buyer that sellers and real estate agents take seriously.

Our Streamlined Path to Your Pre-Approval

Our process is designed to be quick and efficient, getting you ready to hit the open homes with a clear, approved budget.

Angle Right Icon
Let's talk today
1

Initial Discovery Call

We start with a quick chat to understand your financial position, your deposit size, and your property goals. This helps us get a clear picture from the very beginning.

2

Information & Document Collection

We’ll provide you with a simple checklist of the documents we need, such as payslips and bank statements, and help you gather everything required by the lenders.

3

Lender Strategy & Selection

Not all pre-approvals are equal. We'll compare options from over 60 lenders and select the one whose policies and assessment process best suit your specific circumstances.

4

Application Lodgement

We professionally package your information and submit your pre-approval application to the chosen lender, ensuring it's presented in the best possible light for a positive outcome.

5

Conditional Approval Issued

‍The lender assesses your application and, upon success, issues a formal pre-approval certificate. This is your green light to start making offers!

6

Guidance for Your Property Search

‍With your pre-approval in hand, we'll provide guidance on what to do next, how to make an offer, and the conditions you should consider. We're with you every step of the way.

Explore your loan options & their features.

A pre-approval isn’t a type of loan, but rather the first critical step towards securing one. It's important to understand the difference between a quick online calculator estimate and a formal, fully-assessed pre-approval. A formal pre-approval means the lender has actually reviewed your financial documents and conditionally approved you for a specific loan amount. This is the only type of pre-approval that gives you true negotiating power in the market.

No items found.
Angle Left Icon
Angle Right Icon

Helpful calculators.

Explore your financial possibilities and understand potential costs with these handy calculators.

Borrowing Calculator

Use the calculator to find out how much you could borrow.

Calculate now

Budget Planner Calculator

Use this budget planner to help understand your income and expenses, and where you could make savings.

Calculate now

Extra Mortgage Repayments Calculator

You could potentially save thousands of dollars and take years off your loan by making extra repayments. Let’s run the numbers.

Calculate now

Honeymoon Rate Loan Calculator

A honeymoon loan can help reduce your monthly repayments for a set term. Use this calculator to compare what your repayments would be compared to a variable loan.

Calculate now

Income Tax Calculator

The income tax calculator can be used to calculate your net income.

Calculate now

Loan Comparison Calculator

Different loans have different fees, features and repayment options. Use our loan calculator to see how the numbers stack up between two loans.

Calculate now

Loan Repayment Calculator

Use this repayment calculator to understand how much your loan repayments might be.

Calculate now

Lump Sum Repayment Calculator

This home loan repayment calculator helps you calculate the savings benefits of making additional lump sum repayments on your home loan.

Calculate now

Mortgage Offset Calculator

Use the calculator to see how quickly you could pay off your loan with an offset account.

Calculate now

Savings Planner Calculator

Use the calculator to find out how much you could save.

Calculate now

Stamp Duty Calculator

Find out how much budget you need to set aside to cover Stamp Duty costs and what the requirements are in your state or territory.

Calculate now

Frequently asked questions.

View our full FAQs
Angle Right Icon

Can you help me figure out my borrowing capacity?

Absolutely. Your borrowing capacity is a calculation of how much a lender will loan you based on your income, debts, and living expenses. While online calculators offer a rough estimate, we provide a far more accurate and reliable assessment. We will analyse your financial situation to give you a clear budget and help you secure a formal pre-approval, which is the green light you need to search for property with real confidence.

How does a bridging loan work?

A bridging loan is a short-term loan that covers the financial gap when you buy a new property before selling your existing one. It allows you to use the equity in your current home to secure your next one. Once your old home is sold, the proceeds are used to pay down the bridging loan, leaving you with just the final mortgage on your new home.

How long does it take to close?

The time it takes to close on a mortgage can vary, but it typically ranges from 30 to 45 days. Factors that can influence this timeline include the lender's processing speed, the complexity of the loan, and the responsiveness of all parties involved.

Tips for a Smooth Closing

To ensure a smooth closing process, maintain open communication with your lender and promptly provide any requested documentation.

How much can I borrow?

Your borrowing capacity depends on several factors, including your income, financial commitments, living expenses, and the size of your deposit. While online calculators provide a rough estimate, our detailed assessment provides a much more accurate figure. We do this as part of a formal pre-approval process, so you know exactly what your budget is before you start looking.

‍

How much deposit do I need to buy a property?

While a 20% deposit is the traditional benchmark to avoid paying Lenders Mortgage Insurance (LMI), it is not the only way to buy a home on the Gold Coast. Many lenders now accept deposits as low as 5%. We can also explore other powerful strategies, such as using a Guarantor Loan, or utilising government schemes like the First Home Guarantee to help you enter the market sooner.

‍

How to apply for a mortgage?

Applying for a mortgage involves several steps. First, gather necessary documents such as proof of income, tax returns, and credit history. Next, research different lenders and mortgage products to find the best fit for your needs.

Steps to Follow

  1. Gather financial documents.
  2. Check your credit score.
  3. Shop around for lenders.
  4. Submit your application.

Following these steps can streamline the mortgage application process.

Talk to us today about your options.

Let’s chat today and find the right solution for you. Whether you’re buying your first home, expanding your business, or upgrading your vehicle, Maxine and the Max Rich Brokerage team provide expert, obligation-free guidance across the Gold Coast, Logan, Brisbane, and the Scenic Rim, tailored to your goals.

Angle Right Icon
Contact us
Find what you're looking for
Angle Up Icon
Contact us
Angle Right Icon