A home loan pre approval is often the first step in the mortgage process for home buyers, but how long does it take? In this video we take you through the exact steps to getting your pre-approval completed as fast as possible! For more info
For home loan enquiries
jayden.vecchio@huntergalloway.com.au
Find Jayden here:
T: 1300 088 065
E: hello@huntergalloway.com.au
Mortgage Broker Brisbane - Hunter Galloway
Head Office: 3 Latrobe Tce Paddington QLD 4064
PO Box 841, Paddington QLD 4064
CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000
Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality.
Next steps and settling your first home
Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy.
Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible.
If you want to get started, please get in touch and we can book a time that suits you – either a phone call information session or a face to face meeting (which doesn’t cost anything for you).
If you’re shopping around for a house, obtaining pre-approval for a home loan is an important step. It allows you to narrow your search, and bid with confidence if you wind up at an auction.
How long does the process take?
Once you’ve completed your application for a Suncorp Bank Home Loan, you should receive a pre-approval outcome—whether the application is successful or not—within a couple of business days. In some cases, customers receive their answer on the same day.
To guarantee the fastest possible turnaround time, you should ensure that all information provided is as accurate as possible. You should take note of the required documentation and make sure that it’s all provided. This could include things like:
proof of identification,
recent payslips,
account statements, and
credit card statements.
What form will pre-approval take?
If you are successful in obtaining pre-approval for a Suncorp Bank Home Loan, you’ll receive a letter to that effect. The letter will specify the amount for which you’ve been pre-approved, as well as any special conditions. Our pre-approval puts you in a good position to make an offer, as long as any loan conditions (and your own personal requirements) are met. These could include things like building inspections, obtaining a vendor’s statement, and so on.
If you’d like more information about the application and pre-approval process, feel free to send us an enquiry. You can also book an appointment with a Suncorp Bank Mobile Lender, if you’d prefer discuss the process in person at a time and place that suits you.
For how long is pre-approval valid?
If you’re successful in obtaining pre-approval (congrats!), it will be valid for 90 days. After this period, any loan request will be treated as a brand-new application. Up-to-date documentation will be required, and your Suncorp Bank Home Loan Specialist will check whether your circumstances have changed.
What’s next?
If you’ve been successful in obtaining pre-approval for a loan, you should have a clearer idea of whether you can afford that house you’ve been dreaming of.
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