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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GST Calculator

Use this calculator to Add or Remove GST from an amount. Perfect for: Business owners calculating GST for invoices Accountants and bookkeepers Anyone needing to work out GST on transactions Understanding what portion of a price is GST

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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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Do you offer asset finance for tradies or service businesses in Logan or Gold Coast?

Yes — we can assist with vehicle loans, tools, office fit-outs, and more. If it helps your business grow, we’ll help you finance it.

Do you work with local real estate agents and conveyancers?

Yes — we have a strong local network and can connect you with trusted professionals to make the process smooth.

How do finance brokers get paid?

Finance brokers typically earn their income through commissions paid by lenders when a loan is successfully arranged. This means that their services are often free for clients, as the lender covers the broker's fees. However, some brokers may charge a fee directly to clients for their services, especially if they provide additional consulting or financial planning.

It's important for clients to clarify the payment structure with their broker upfront to avoid any surprises later in the process.

How do first time buyers get a home loan in Logan?

Getting your first home loan in Logan is totally achievable — and we’re here to guide you every step of the way.

Here’s how it works:

  1. Check your borrowing power:
    We’ll help you understand how much you can borrow based on your income, savings, and any existing debts.
  2. Explore government support:
    As a first-home buyer in Queensland, you may be eligible for the First Home Owner Grant (currently $30,000 for new builds) and stamp duty concessions, which can save you thousands.
  3. Understand your deposit options:
    You don’t always need a 20% deposit. We work with lenders who accept lower deposits (as little as 5%) — and some government schemes can even help you avoid Lenders Mortgage Insurance (LMI).
  4. Get a pre-approval:
    This gives you a clear budget and strengthens your offer when house-hunting in Logan’s competitive market.
  5. Choose a loan that fits your future:
    We’ll compare dozens of loans from banks and lenders to find one that suits your lifestyle — fixed, variable, offset, redraw… we explain it all in plain English.
  6. Support from offer to settlement:
    Once you find a place you love, we’ll help with all the paperwork and liaise with your solicitor and real estate agent to get you over the line.

Want to see what you’re eligible for?
Book a free chat with us and we’ll walk you through your options — even if you’re just starting to plan!

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How long does approval usually take in Logan or Gold Coast?

Depending on the lender, approvals can take 2–10 business days. We’ll prep your application to reduce delays.

How to choose a finance broker?

Choosing a finance broker involves several key considerations:

  • Experience: Look for brokers with a proven track record in the industry.
  • Reputation: Research reviews and testimonials from previous clients to gauge their reliability.
  • Services Offered: Ensure the broker provides the specific services you need, whether it's mortgages, personal loans, or business financing.

Taking the time to choose the right broker can lead to a more successful borrowing experience.

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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