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Three steps to home loan pre-approval

Writer's picture: Cameron JohnstonCameron Johnston

Updated: Feb 20, 2024

Spring is just around the corner which traditionally means the property market will start to warm up. If you are considering making that next property purchase, it is recommended to get a home loan pre-approval first. Not only does it save you time on your property search but also protects you from overspending at an auction.


How long does pre-approval take?


Turnaround times for pre-approvals vary for each lender from the time of application submission. Verify with your broker the expected timeframe for your preferred lender. Providing us with the correct documentation up-front will help achieve a speedy turnaround.


Follow these three easy steps to get your home loan pre-approval.


Collect your documents

  • Proof of identity

  • Proof of income and savings

  • Proof of living expenses and other expenditure

  • Evidence of current assets and liabilities.


Talk with us to find out

  • How much can you borrow

  • How much you require for a deposit

  • How much you can repay each month

  • If you qualify for a government grant or concession.


Submit pre-approval application with a lender

  • We fill out the forms and do all the work

  • The lender provides confirmation in writing

  • Pre-approval lasts for 3-6 months.



If you’re ready to start your hunt for a new home or investment property, get in touch with us to organise pre-approval early so you are ready to act fast when you find the right property. Learn more about the benefits of pre-approval.


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©2022 by COCO Finance Broking Pty Ltd. ABN: 28661912036 ACN: 661 912 036.

Coco Finance Credit Representative 543 711  is authorised under Connective Credit Services Pty Ltd Australian Credit Licence 389328

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MFAA Accredited Finance Broker: 343837

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This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

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