Understand your position before beginning your house hunt. Before getting emotionally attached a property, it's wise to know your borrowing potential. A home loan pre-approval (or conditional approval) provides you with a defined budget and confidence to make an offer when the opportunity arises. At paperman, we facilitate quick and reliable pre-approvals from over 70 lenders, allowing you shop with assurance and a competitive advantage.

Pre-approval is a conditional agreement a lender has provided to lend you a specified amount based on your financial status. While it isn’t a full loan approval, it demonstrates that you are a serious buyer and gives you a solid understanding of your borrowing capacity.

Typically, pre-approvals are valid for 60 to 90 days are subject to final verification once you have selected a property.

Establish a clear budget and comprehend your maximum borrowing limit.

Bid with confidence at auctions.

​

How the Pre-Approval Process Works:

1. Consultation – find out your financial situation and objectives.

2. Lender Comparison – we identify suitable lenders for you.

3. Paper Collection – submit income, identification, and liability documents.

4. Submission – we file the pre-approval with your selected lender.

5. Conditional Approval – you receive confirmation of your borrowing capacity.

6. House hunt – you look for properties within your approved range.

7. Approval & Settlement – we complete your loan once a property is chosen.