AAA Pre Approved 3You don’t need to find your new home before you can apply for a loan.

In fact, there are good reasons to speak with your Go Mortgage Broker to get your loan sorted beforehand…

Some lenders provide a loan pre-approval which is usually subject to meeting required terms and conditions.


This is where your loan limit is approved for a certain time (usually around three to six months), and providing your circumstances have not changed you’ll know exactly how much you can afford to pay for a property, and you’ll have the freedom to make an offer on a property knowing that your finance is already organised.

You’ll have a better idea of what properties to look for, because you won’t waste time looking for something outside your price range, and once you find the right property, you’ll be able to focus on the purchase rather than having to sort out the finance at the same time.


With a pre-approved loan, there are fewer chances of hiccups with the sale process, and in some cases, vendors (sellers) will accept an offer below list price and take the property off the market with confidence knowing the buyer is serious.


If you decide to make an offer you’ll be in a position to move quickly if your finance is sorted – this will help you be at the top of the real estate agent’s list when sleceting a buyer, and you can even attempt to bid at auction.


There are hundreds of different loans out there in the mortgage marketplace – However, fundamentally, they are all based on two key things:

  • Principal – the amount of money you borrow
  • Interest – how much you pay to borrow the money. It’s calculated on the outstanding principal 

From here, there is a wide variety of loan features and structures to choose from, and it’s worth knowing what’s involved with each to make an informed decision.


If you want someone to do the legwork for you and find a home loan that is perfect for you, speak to your Go Mortgage broker.