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Home Loan Pre Approval: How Does It Work? (Australia) // Sometimes referred to as approval in principle, pre-qualification or indicative approval, home loan pre-approval is an essential part of the home loan process. It gives buyers an indication that a lender is likely to approve them for a home loan, and importantly, how much they can borrow. This helps buyers bid confidently at auctions, armed with the knowledge of what they can and cannot afford. 0:00 Home Loan Pre Approval 0:35 What is home loan pre approval? 1:03 How do you apply for pre approval? 2:41 What are the benefits of pre approval? 3:10 What are the conditions i should be aware of? 4:15 Can home loan pre approval be withdrawn? 4:30 Is there a possibility my pre approval could be rejected? 4:50 I’m already pre approved, now what? 4:59 Can i extend my pre approval? If you are currently looking at purchasing a new property and want to compare home loans online, check out our online tool: https://www.lendi.com.au/home-loans/s... For free expert home loan advice, chat to one of our Home Loan Specialists at a time that suits: https://www.lendi.com.au/lp/book-appo... Join our Facebook group ‘Home Loan Hacks Australia’ to ask any questions about home loans: / home.loan.hacks.au For more information on important home loan topics, check out these videos below: How much is that house worth: • How Much Is That House Worth? | Estimate A... Stamp duty: • Ultimate Guide To Stamp Duty (Australia) Say hi on social: Instagram: / lendi_au Facebook: / lendiau Twitter: / lendiau Watch this video again: • Home Loan Pre Approval: How Does It Work? ...