Are You Pre-Approval Ready for 2026?

As 2026 approaches, now is the perfect time to get your finances in order if buying a home is on your list. Being pre-approval ready can give you a serious advantage in a competitive property market. But what does that actually mean, and how can you prepare?

Why Pre-Approval Matters

Getting pre-approved for a home loan means a lender has assessed your finances and confirmed how much they’re willing to lend you. The benefits are clear:

•⁠ ⁠Know your borrowing power: Understand exactly what price range you can afford.

•⁠ ⁠Shop with confidence: You can make offers knowing your finance is already approved.

•⁠ ⁠Stand out in a competitive market: Sellers take pre-approved buyers more seriously.

Step 1: Check Your Finances

Before you talk to a lender or broker, take a close look at your finances:

•⁠ ⁠Savings: How much do you have for a deposit, plus extra for costs like stamp duty and moving?

•⁠ ⁠Debts and expenses: Review your credit cards, personal loans, and regular bills.

•⁠ ⁠Credit health: Lenders will check your credit history, so clearing any issues now helps.

Step 2: Speak to a Mortgage Broker

A mortgage broker can help you understand what you can afford, guide you through lender options, and get you pre-approval ready. They’ll work with you to make sure your application is strong and increase your chances of a smooth approval.

Step 3: Be Ready to Make Your Move

Once you’re pre-approved, you’re in a stronger position to act quickly when you find the right property. 2026 could be your year to secure your dream home—and being prepared early makes all the difference.