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AFFORDABILITY ESTIMATE
Pre-qualification provides an initial estimate of the home loan amount you may afford, based on the financial information supplied for review.
GET PRE-QUALIFIED BEFORE YOU BUY
Start your property search with a clearer understanding of your likely budget, repayments and supporting-document requirements.
KNOW WHAT YOU CAN AFFORD
Home loan pre-qualification gives you an initial indication of the property price range that may suit your financial position before you begin viewing homes.
Audax Home Loans reviews the information you provide to help you understand your likely affordability, estimated repayment range and the documents that may be needed when you are ready to submit a full home loan application.
A clearer budget can help you search more confidently, avoid properties outside your likely price range and approach sellers and estate agents as a prepared buyer.
Pre-qualification is an initial affordability indication only. It is not a bank approval or guarantee of finance. Final approval remains subject to a complete application, supporting documents, credit assessment, property valuation and the participating bank’s lending criteria.
WHAT IS HOME LOAN PRE-QUALIFICATION?
Pre-qualification helps you understand your likely home-buying budget before you commit to a property or submit a full bond application.
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PROPERTY PRICE RANGE
A defined property price range helps you focus on suitable homes, compare options more confidently and avoid viewing properties beyond your budget.
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BUYER
CONFIDENCE
Pre-qualification can show sellers and estate agents that you have assessed your affordability and are approaching the purchase process seriously.
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NOT FINAL APPROVAL
It is not final approval, because the bank must still assess your full application, supporting documents, credit profile and chosen property.
WHY PRE-QUALIFY BEFORE HOUSE HUNTING?
A realistic affordability estimate can make your property search more focused, efficient and financially responsible.
KNOW YOUR BUDGET
Understand the approximate property price and repayment range that may suit your current income, expenses and commitments.
SAVE VALUABLE TIME
Focus your search on suitable homes instead of viewing properties that fall outside your likely affordability range.
SEARCH WITH CONFIDENCE
Approach estate agents and sellers with a clearer understanding of your buying position and likely financing needs.
STRENGTHEN YOUR OFFER
A prepared buyer may be better positioned to act when the right property becomes available, subject to final bank approval.
PLAN ADDITIONAL COSTS
Consider deposits, transfer costs, bond costs and monthly ownership expenses alongside the estimated home loan repayment.
PREPARE YOUR DOCUMENTS
Identify missing financial or personal documents early so the full application process can be handled more efficiently.
START WITH A CLEARER HOME-BUYING BUDGET
Let Audax Home Loans help you understand your likely affordability before you begin making offers on properties.
PRE-QUALIFICATION FOR DIFFERENT BUYERS
We help buyers understand how their income, expenses, commitments and applicant circumstances may affect affordability.
FIRST-TIME BUYERS
We help first-time buyers understand affordability, expected repayments, deposit planning and the documents that may be required before they begin viewing homes.
EXISTING HOMEOWNERS
Existing homeowners can assess affordability for their next property while considering current bond repayments, other debts, monthly expenses and available equity.
SELF-EMPLOYED APPLICANTS
Self-employed buyers may need additional financial records. We help identify the statements, tax information and business documents required for a meaningful assessment.
JOINT APPLICANTS
Partners or spouses can be assessed together, allowing both applicants’ verified income, expenses, commitments and credit profiles to be considered.
YOUR PRE-QUALIFICATION JOURNEY
We guide you through the information needed to form an initial view of your likely home loan affordability.
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SHARE YOUR HOME-BUYING GOALS
Tell us whether you are buying your first home, moving, purchasing jointly or considering another residential property.
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PROVIDE YOUR PERSONAL INFORMATION
Supply the applicant details needed to understand your circumstances and prepare the affordability review.
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SUBMIT YOUR INCOME INFORMATION
Provide payslips, bank statements or relevant self-employed financial records so that verified income can be considered.
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LIST YOUR EXPENSES AND COMMITMENTS
Include household expenses, credit agreements, existing bonds and other regular commitments that affect disposable income.
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REVIEW YOUR AFFORDABILITY
Your income and commitments are considered to form an initial estimate of a suitable repayment and loan range.
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RECEIVE AN ESTIMATED PRICE RANGE
Use the result as a practical guide when identifying properties that may suit your current financial position.
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SEARCH FOR A SUITABLE PROPERTY
Focus on homes within the estimated range while also considering deposits, transfer costs and monthly ownership expenses.
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SUBMIT THE FULL HOME LOAN APPLICATION
Once you sign an Offer to Purchase, complete the formal application for submission to participating banks.
WHAT MAY AFFECT YOUR AFFORDABILITY?
A useful pre-qualification depends on complete and accurate information about your income, expenses and existing obligations.
VERIFIED INCOME
Salaries, commissions, allowances and other acceptable income may be considered when supported by the required documents.
MONTHLY EXPENSES
Household costs, dependants, insurance, transport and regular living expenses affect the amount available for a bond repayment.
CREDIT COMMITMENTS
Vehicle finance, credit cards, personal loans and existing bonds reduce the disposable income available for new finance.
CREDIT PROFILE
Credit history, payment conduct and current account status may form part of the bank’s later full application assessment.
DEPOSIT AND SAVINGS
Available funds may influence the property price you can target and your ability to cover deposits and transaction costs.
APPLICANT CIRCUMSTANCES
Employment type, joint applications, existing properties and variable income can affect the information needed for assessment.
PREPARE BEFORE YOU MAKE AN OFFER
Understand your likely affordability, organise your documents and search for property with a more realistic financial plan.
DOCUMENTS YOU MAY NEED
Document requirements depend on your employment type, income structure and whether you are applying alone or jointly.
PERSONAL DOCUMENTS
- Valid identity document or passport
- Proof of residential address
- Marital-status information where applicable
- Contact and tax information where required
- Information for each joint applicant
SALARIED APPLICANTS
- Recent payslips or proof of income
- Recent personal bank statements
- Details of bonuses or commission where applicable
- Monthly income and expense information
- Details of existing credit commitments
SELF-EMPLOYED APPLICANTS
- Personal and business bank statements
- Annual financial statements
- Management accounts where required
- Company and tax information
- Confirmation from an accountant where applicable
PRE-QUALIFICATION IS AN ESTIMATE
Changes to income, expenses, debt, interest rates or the chosen property can affect the outcome of the later formal application. Keep your information current and avoid treating the estimate as a guaranteed approval.
PLAN BEYOND THE PURCHASE PRICE
A responsible home-buying budget should include transaction costs, monthly ownership expenses and a suitable financial buffer.
UPFRONT BUYING COSTS
- Deposit required by the bank, if applicable
- Transfer duty where payable
- Transfer attorney fees
- Bond registration fees
- Deeds Office and administration costs
- Moving and immediate property expenses
MONTHLY OWNERSHIP COSTS
- Estimated home loan repayment
- Municipal rates and service charges
- Levies where applicable
- Building and household insurance
- Maintenance and repair provision
- Changes in interest rates and repayments
LEAVE ROOM IN YOUR BUDGET
The maximum estimated loan is not always the most comfortable borrowing level. Consider your lifestyle, future commitments and ability to manage unexpected expenses before selecting a property.
REVIEW YOUR BUYING POSITION
Use the pre-qualification result as one part of a broader, responsible home-buying decision.
COMFORTABLE REPAYMENT
- Review the estimated monthly instalment
- Allow for possible interest-rate changes
- Protect essential household spending
- Consider future family or career changes
TARGET PRICE RANGE
- Search within a realistic property range
- Allow for deposit requirements
- Include transfer and bond costs
- Avoid relying only on the maximum estimate
FINANCIAL BUFFER
- Keep emergency savings available
- Plan for maintenance and repairs
- Allow for moving and setup expenses
- Avoid new debt before the application
FINANCIAL INSIGHT AND PERSONAL SUPPORT
Audax Home Loans was founded by practising professional accountants, supporting a structured approach to income, expenses, commitments and affordability.
HOW AUDAX HOME LOANS ASSISTS YOU
We help you organise the information needed for an initial affordability review, understand your likely property price range and prepare for the later formal home loan application.
Our role is to make the process clearer, more convenient and easier to manage before you begin making property offers.
OUR PRE-QUALIFICATION SUPPORT
- Initial review of your affordability information
- Guidance on supporting documents
- Estimated home loan and property price range
- Explanation of deposits and additional costs
- Preparation for the formal bond application
- Personal assistance throughout the process
- No application fee charged to the applicant
USE OUR HOME LOAN CALCULATORS
Estimate affordability, monthly repayments and selected transaction-related costs as part of your initial planning.
AFFORDABILITY CALCULATOR
Estimate the home loan amount that may suit your income and current monthly financial commitments.
REPAYMENT CALCULATOR
Estimate the monthly repayment using a selected loan amount, interest rate and repayment period.
BOND AND TRANSFER COSTS
Estimate selected legal, registration and transfer-related costs associated with buying a property.
PRE-QUALIFICATION FAQ
Find answers to common questions about preparing for a home loan before selecting a property.
WHAT IS HOME LOAN PRE-QUALIFICATION?
It is an initial review of your financial information to estimate a possible home loan and property price range before a full application is submitted.
IS PRE-QUALIFICATION THE SAME AS FINAL APPROVAL?
No. Final approval depends on a complete application, verified supporting documents, credit assessment, property valuation and the bank’s lending criteria.
DO I NEED TO CHOOSE A PROPERTY FIRST?
No. Pre-qualification is most useful before house hunting, because it helps you focus on a more realistic property price range.
WHAT INFORMATION IS USED?
Income, expenses, existing credit commitments, deposit funds, employment type and applicant circumstances may all form part of the initial assessment.
CAN SELF-EMPLOYED BUYERS BE PRE-QUALIFIED?
Yes. Additional business, banking, financial and tax information may be required to form a meaningful estimate.
CAN JOINT APPLICANTS BE ASSESSED TOGETHER?
Yes. Both applicants’ verified income, expenses, commitments and credit profiles can be considered when assessing likely affordability.
CAN I MAKE AN OFFER AFTER PRE-QUALIFICATION?
You may use the estimate to guide your search, but any Offer to Purchase should include an appropriate finance condition because final approval is not guaranteed.
HOW LONG DOES THE ESTIMATE REMAIN RELEVANT?
Review it when your income, expenses, debt or deposit changes, or when significant time has passed before you choose a property.
WHAT HAPPENS WHEN I FIND A PROPERTY?
Once the Offer to Purchase is signed, the full home loan application can be prepared and submitted to participating banks for formal assessment.
HOW MUCH DOES THE APPLICATION SERVICE COST?
Audax Home Loans does not charge the applicant a bond- origination application fee for assisting with submissions to participating banks.