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5 Easy Steps to Start a Loan

Step 1

Complete First Step Financial Fact Finder & Information

Step 2

Check Credit File Rating

Step 3

First Step Financial Solutions will access the information and further contact for consultation.

Enquiry Form

Pre Approvals

Home loan pre-approval, also called an approval-in-principle, means getting your home loan approved prior to selecting a property. It sounds straightforward but there are some facts you need to know to ensure you have the best start to your property purchase venture such as:

Types of pre-approvals – which one will you need?
When should you apply for a pre-approval? Before or after you find the property?
What do I need to apply for a pre-approval?

You don’t need to find your new home before you can apply for a loan

It’s actually better to get your loan sorted beforehand. You’ll know exactly how much you can afford to pay for a property. Once you find the right property, you’ll be able to focus on the purchase—rather than having to sort out the finance at the same time. You’ll have a better idea of what properties to look for, because you won’t waste time looking for something outside your price range. With a pre-approved loan, there are fewer chances of hiccups with the sale process. Sometimes, sellers will accept an offer below list price, because they have peace of mind that the property really is sold. The seller can take the property off the market with confidence knowing the buyer is serious. If you decide to make an offer you’ll be in a position to move quickly if your finances are sorted – this will help you avoid being gazumped.

Fact Sheets

You can contact Veda Advantage directly and apply for a copy online via

Whilst Veda Advantage charge you to obtain a copy of your file via their express service, everyone is entitled to a free copy of their file, all you have to do is ask and one will be sent to you in approximately 10 days.

It’s important for borrowers to be aware there are two types of mortgage insurance – the one
you pay to protect your lender, the other you pay to protect yourself, your family and your home.
Understanding the two types will ensure you’re not caught thinking you’re protected when you’re not.

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