Your home loan preapproval amount will depend on several factors. Lenders will want your mortgage repayments to be no more than 30 percent of your gross monthly income, and your monthly debt repayments (e.g. credit cards, store cards, car finance) being no more than 35 percent of your gross monthly income. Lenders will also want to see that you have saved funds for a home loan deposit when assessing your preapproval. Talk to our Home Loan Specialists and book in for a free servicing calculation to see how much you could get preapproved for. Call us on 1300 665 906 or apply now - its obligation free.