How long does pre-approval take?

You can get pre-approved within a few minutes by using ooba Home Loans’ free, online qualification tool, the Bond Indicator. The tool will assess your credit score and provide you with an accurate estimation of what you can afford. Alternatively, you could contact ooba Home Loans and get pre-approved by an expert. They will examine your financial situation in the same way a bank would, and within 48 hours give you an idea of what size of home loan you will qualify for.

Either way, a pre-approval provides you with a certificate that can be shown to an estate agent or home seller to prove you have the necessary funds.