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.

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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.

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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.

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Budget Planner Calculator

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

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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.

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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.

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Income Tax Calculator

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

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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.

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Loan Repayment Calculator

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

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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.

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Mortgage Offset Calculator

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

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Savings Planner Calculator

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

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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.

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Frequently asked questions.

View our full FAQs
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What does pre-approval mean and do I need it?

A pre-approval (also called conditional approval) is a formal confirmation from a lender of how much they are willing to lend you, subject to certain conditions. In the competitive Gold Coast property market, getting pre-approved is an essential first step. It proves to sellers and agents that you are a serious buyer and gives you the confidence to know your exact spending limit.

What happens to my mortgage when I move house?

When you move, you typically have two options. The most common is to 'discharge' your current mortgage using the proceeds from your property sale and take out a new loan for your next purchase. Alternatively, some loans have a 'portability' feature that allows you to transfer your existing loan to your new property, which can sometimes save on fees. We will advise you on the most cost-effective strategy for your situation.

What is Best Interest Duty (BID)?

Best Interest Duty is a legal obligation that requires mortgage brokers to act in their clients' best interests at all times. This is a critical consumer protection that is not placed on banks. It means we are legally required to prioritise your interests and recommend a loan that is suitable for your circumstances.

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What is a good interest rate?

A "good" interest rate is more than just the lowest number. The most competitive loan package is one that has a great rate combined with the right features (like an offset account), low fees, and a lender policy that suits your circumstances. Our job is to compare options from over 60 lenders to find the loan that offers the best overall value for you.

What is a mortgage broker?

A mortgage broker is a licensed professional who acts as an intermediary between borrowers and lenders. They help borrowers find the best mortgage products to suit their financial needs.

Role of a Mortgage Broker

Mortgage brokers can save borrowers time and money by comparing various loan options and negotiating terms on their behalf.

What is a rate lock?

A rate lock is an agreement between a borrower and a lender that guarantees a specific interest rate for a set period. This can protect borrowers from rising interest rates while they complete the mortgage process.

Benefits of Rate Locks

Locking in a rate can provide peace of mind and help borrowers budget their monthly payments more accurately.

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.

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