What is indicative pre-approval on home loans?

Indicative pre-approval is provided by a lender as an estimate of your borrowing power based on your current circumstances. While pre-approval doesn’t guarantee full approval of a home loan application, the process can provide some peace of mind and help give you an idea of what you might be able to afford. Once you've found a property, you'll need to complete a full home loan application which requires final unconditional lender approval before you can proceed with the purchase.

When should I apply for pre-approval for my home loan?

Seeking this type of home loan pre-approval before you start browsing for properties is a smart first step. When you are ready to move ahead, you can begin the home loan application process to seek conditional approval with a realistic idea of what you might be able to borrow.

What is a borrowing power calculator?

Borrowing power is the term used to describe how much you can borrow based on your financial situation. When it comes to home loans, having more borrowing power means more options and often a higher loan amount. Liberty’s indicative pre-approval tool calculates your potential borrowing power along with your indicative interest rate and estimated home loan repayments in just minutes.

What is a home loan repayments calculator?

A home loan repayments calculator is a basic tool that gives you an idea of what you could be looking to repay on a mortgage over the life of the loan. With Liberty’s indicative pre-approval tool, you’ll receive a more realistic instant estimate of what your home loan repayments might be based on the quoted interest rate and amount you would like to borrow, tailored to your circumstances.

Indicative Pre-approval | Home Loan Tool

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With an indicative pre-approval from Liberty, you can get a clearer view of your borrowing power when searching for a home.

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Why get pre-approval?

By securing pre-approval when house hunting, you can make the process easier:

A clear spending limit helps narrow down your property search.

When the time comes, you’ll be ready to make a serious offer.

It could give you greater leverage to negotiate with a seller.

It provides peace of mind so you can move ahead with confidence.

Ready to get moving?

Wherever you are in your journey, help is here however you need it.

Frequently asked questions

Indicative pre-approval is provided by a lender as an estimate of your borrowing power based on your current circumstances. While pre-approval doesn’t guarantee full approval of a home loan application, the process can provide some peace of mind and help give you an idea of what you might be able to afford. Once you've found a property, you'll need to complete a full home loan application which requires final unconditional lender approval before you can proceed with the purchase.
Seeking this type of home loan pre-approval before you start browsing for properties is a smart first step. When you are ready to move ahead, you can begin the home loan application process to seek conditional approval with a realistic idea of what you might be able to borrow.
Borrowing power is the term used to describe how much you can borrow based on your financial situation. When it comes to home loans, having more borrowing power means more options and often a higher loan amount. Liberty’s indicative pre-approval tool calculates your potential borrowing power along with your indicative interest rate and estimated home loan repayments in just minutes.
A home loan repayments calculator is a basic tool that gives you an idea of what you could be looking to repay on a mortgage over the life of the loan. With Liberty’s indicative pre-approval tool, you’ll receive a more realistic instant estimate of what your home loan repayments might be based on the quoted interest rate and amount you would like to borrow, tailored to your circumstances.

Indicative pre-approval

Try our indicative pre-approval home loan tool

Why get pre-approval?

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Frequently asked questions