Pre-approval

Ready to confidently enter the property market? Getting pre-approved for your home loan is the essential first step, giving you clarity on what you can afford and boosting your negotiation power.

Get pre-approved for your home loan

Stepping into the property market without a pre-approval is like searching for a house with a blindfold on. Home loan pre-approval is a crucial preliminary assessment by a lender that determines how much you can borrow. It's not a formal loan offer, but it's an incredibly powerful tool that gives you a significant advantage.

Here's why getting pre-approved with Ferns Finance is a smart move for buyers in Beenleigh, Logan, Scenic Rim, and on the Gold Coast:

  • Know Your Budget: You'll have a clear understanding of your maximum borrowing capacity, allowing you to focus your property search on homes within your affordable price range. This saves you time and prevents disappointment.
  • Boost Your Confidence & Negotiation Power: A pre-approval signals to real estate agents and sellers that you're a serious, qualified buyer. This can give you an edge over other bidders, especially in competitive markets, and strengthen your position when making an offer.
  • Faster Settlement: With your finance largely pre-assessed, the final loan approval process can be significantly quicker once you find your property, leading to a smoother and faster settlement.
  • Understand Loan Costs: Pre-approval also helps you understand potential loan repayments and associated costs, giving you a realistic financial picture before you commit.

We'll gather the necessary financial information, submit your application to appropriate lenders from our panel of over 60 banks and financial institutions, and guide you through every step. We're here to answer all your questions and ensure you're well-prepared for your property search.

Don't wait. Get pre-approved and step into the property market with confidence! Talk to us today.

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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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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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Are finance brokers regulated?

Yes, finance brokers are regulated to ensure they operate fairly and transparently. In many countries, brokers must be licensed and adhere to specific industry standards. This regulation helps protect consumers by ensuring that brokers act in their clients' best interests and provide accurate information.

Before working with a broker, it's advisable to verify their credentials and ensure they are compliant with local regulations.

Are there differences in borrowing power between Brisbane and Gold Coast properties?

Yes — location affects property values and lender risk profiles. We’ll assess your borrowing capacity based on the exact suburb you’re targeting.

Are there loans for building or renovating in Tamborine?

Yes, we can help with construction loans or renovation-specific personal loans. Even if you’re just upgrading a shed or adding a studio — we can find options.

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Can I buy an investment unit in Surfers Paradise or Broadbeach with low rental history?

Yes — but you’ll need to meet the lender’s rental yield or income requirements. We’ll help you present your application strongly.

Can I still get a home loan in Logan with a low deposit?

Yes! There are low-deposit options available, including First Home Guarantee schemes and lender-specific products. Ferns Finance Brokers can help you find the best fit based on your situation.

Can a finance broker help with bad credit?

Yes, finance brokers can assist clients with bad credit. They have access to lenders who specialize in offering loans to individuals with less-than-perfect credit histories. Brokers can help you understand your options and find a lender willing to work with your situation.

While securing a loan with bad credit may come with higher interest rates, a broker can help you navigate these challenges and find the best possible terms.

Talk to us today about your options.

Talk to us today about your options. Whether you're in Beenleigh, Logan, Scenic Rim, or on the Gold Coast, Gwen @ Ferns Finance is ready to provide expert, straightforward advice.

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