Pre-approval is a conditional approval from a lender stating how much you can borrow before buying a property.
Defines your budget
Strengthens offers
Speeds up buying process
Shows sellers you are serious
You submit financial documents.
Lender reviews income, expenses, and credit history.
You receive borrowing limit estimate.
Not a final approval
Not guaranteed until property is assessed
Typically 60–90 days depending on lender.
A broker like Believe Finance helps structure your application for stronger approval chances.
Pre-approval is one of the most powerful tools for serious buyers in Australia.