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What is a pre-approved home loan?

As the name suggests, the loan has already been approved and is ready to use.

A pre-approved home loan doesn't commit you to borrow the money, and is usually quite flexible.  If necessary, we can make changes subject to continuing to meet the lender's credit criteria.

The pre-approved loan may be subject to some conditions which the lender will need to have satisfied before draw down.  We ensure that these are all satisfied well before the loan is required for settlement.