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buy a home
let stellar finance group help you purchase your first home, next home or forever home
Buying a home should be exciting!
We’ve refined our process to make securing your home loan as seamless as possible. Maximum choice, minimum effort – on your part, that is.
buy your first home
Yes, it's a minefield out there. But no, you don't have to go it alone. We'll guide you through this exciting milestone!
buy your next home
If you've done this before then you'll probably have earned some equity. We'll help you leverage that for your next loan.
unlock your home buying potential with pre-approval!
Are you ready to embark on the exciting journey of buying your dream home? Well, buckle up because pre-approval is your golden ticket to navigating the home buying maze with confidence!
But what exactly is pre-approval, and why is it so crucial?
Think of pre-approval as your financial superhero, swooping in to give you a clear indication of how much you can borrow. It’s like having a crystal ball that reveals your home buying potential, empowering you to shop for properties within your budget without any guesswork.
Here’s the lowdown on how pre-approval works and why it’s your secret weapon in the home buying game.
what is home loan pre-approval?
A home loan pre-approval, also known as conditional approval, is like a golden ticket granting you access to your dream home. It’s when a lender agrees to offer you a loan up to a specified limit, pending certain conditions.
There are two stages to this process: conditional approval, which gets you ready to dive into the property market, and unconditional approval, the final step.
You can kick-start the journey with a quick online application, where you’ll share details about your employment, income, and debts. This paints a picture of your financial landscape and gives you an estimate of your borrowing power, usually within minutes.
However, keep in mind that this initial estimate isn’t set in stone and may require additional documentation, especially for self-employed individuals.
Once you’re ready to take the next step, a Home Finance Manager will guide you through the approval in principle process. This involves a deeper assessment of your financial situation, though it’s not a guarantee of final approval. Remember, while conditional approval is a step forward, it does leave a mark on your credit history, regardless of the outcome.
when should I apply for pre-approval?
Timing is everything when it comes to pre-approval. Start by researching the property market to gauge the price range of your dream home and determine your affordability. You can easily get an estimate of your borrowing capacity using our online mortgage calculator or affordability calculator. Consider different loan terms and types to find what suits you best.
Most pre-approvals, including ours, are valid for three months and can be renewed if needed. However, it’s wise not to apply too early unless you’re serious about buying, as multiple applications can impact your credit rating. Aim to apply when your finances are in good shape, you’ve saved a deposit, and you’re ready to take the plunge into homeownership.
hear from our clients
Lisa has a fantastic way of tuning into needs and ensuring we have confidence in our important decisions, through being well informed and not rushed. Lisa really made us feel assured and helped to break down any knowledge barriers, making us feel in control of our decisions. Thank you Lisa for your ongoing support and helping to build a positive future for our family!
Wayne Jones
From the moment you first meet, Lisa will be here to inform you, guide you and along with you, make your financial dreams come true. Sam Asadollahi recent experienced this when he asked Lisa to help him with purchasing his first property.
Sam Asadollahi
Got a dream? Lisa and her team can help you make it happen. I can’t think of a better person to have on my team to achieve my goals. Her hard work and determination bring results and she always has plan B and C (at least!) to make sure she can make things happen for you. Her team are excellent, keeping you well informed in the progress of negotiations and very responsive. I can’t recommend Lisa and her team enough!
Jennifer Hsu
Lisa was awesome in the way she carried out her services. She was fully engaged from the very first meeting in understanding our needs to then take us through options in the market and eventually help us choose the right product. The whole process was well defined and managed by Lisa and her team all the way till we settled. If you are on the lookout for a professional who knows the mortgage industry well, spends time to understand your needs and maintains a proactive communication at every step of the process, then Lisa should be your choice for a broker. I highly recommend the services of Lisa Bridgett and thank her for the efforts.
Babu Narayanan
It was an absolute pleasure working with Lisa on our loan financing. Lisa is extremely professional, dedicated and knowledgeable. We were very impressed with how responsive Lisa always was (and still is) to all our questions and we valued the fact that we could communicate with her outside of the normal working hours. We would recommend Lisa highly to anyone in need of mortgage financing.
Magda Louw
Lisa Bridgett is all about making her clients’ life easier! From the moment you first meet, Lisa is there to inform you, guide you and along with you, to make your financial dreams come true. Hear what her client Renee Vella has to say.
