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.

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I run a small business in Beenleigh — can I get a home loan without two years of tax returns?

Yes! We have access to lenders who accept alternative documentation for self-employed applicants, including BAS statements and bank feeds.

What are the benefits of using a finance broker?

Using a finance broker offers several benefits, including:

  • Access to Multiple Lenders: Brokers have relationships with various lenders, giving clients access to a wider range of financial products.
  • Expertise: Brokers are knowledgeable about the finance industry and can provide valuable advice tailored to individual circumstances.
  • Time-Saving: Brokers handle the paperwork and negotiations, saving clients time and effort.

Overall, finance brokers can simplify the borrowing process and help clients make informed decisions.

What documents do I need for a finance broker?

When working with a finance broker, you'll typically need to provide several documents, including:

  • Proof of Identity: A government-issued ID, such as a passport or driver's license.
  • Income Verification: Recent pay stubs or tax returns to demonstrate your financial stability.
  • Credit History: Brokers may request your credit report to assess your borrowing eligibility.

Having these documents ready can streamline the process and help your broker find suitable options for you.

What government grants are available for first-home buyers in Queensland?

As of now, eligible first-home buyers in QLD can access the First Home Owner Grant and possibly stamp duty concessions. We’ll check your eligibility and help with the paperwork.

What is a finance broker?

A finance broker is a professional who acts as an intermediary between clients and lenders. They help individuals and businesses secure loans, mortgages, and other financial products. By leveraging their knowledge of the market, finance brokers can find the best deals tailored to their clients' needs.

Finance brokers are particularly useful for those who may not have the time or expertise to navigate the complex world of finance on their own. They provide valuable insights and guidance throughout the borrowing process.

What is the process of working with a finance broker?

The process of working with a finance broker typically involves the following steps:

  1. Initial Consultation: Discuss your financial needs and goals with the broker.
  2. Document Submission: Provide necessary documents for assessment.
  3. Loan Options: The broker will present suitable loan options based on your profile.
  4. Application Process: The broker will assist you in completing the application and submitting it to the lender.

This structured approach ensures that you receive personalised service throughout the borrowing process.

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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