A mortgage pre-approval isn't the same as pre-qualification. Learn how to get pre-approved for a mortgage, including what information you’ll need to supply to a lender and what to do if your pre-ap...
Learn how to prequalify for a mortgage and when you will need to get pre-approved.
Mortgage pre-approval ; Lock in your rates with our 130-day mortgage rate guarantee – the longest of any major bank in Canada‡ ; Know your budget and shop with confidence ; It’s free, easy and there’s no commitment
If you’re at the start of your homebuying journey, getting preapproved for a mortgage is one of the first steps. ; Preapproval helps you determine your budget and show sellers you’re serious about buying. That can make a critical difference in a competitive real estate market. ; Below, CNBC Select breaks down how a mortgage preapproval works, why it’s a good thing and more.
FICO Score Range, 620-639, 640-659, 660-679 ; Interest Rate*, 8.254%, 7.708%, 7.278% ; $350,000 loan, $2,630, $2,497, $2,394 ; $250,000 loan, $1,879, $1,784, $1,710
Learn everything you need to know about how to get preapproved for a mortgage, including requirements and tips to increase your chances of preapproval.
Read tips on why you must make sure you get a pre-approval for a mortgage, not a pre-qualification.
Mortgage pre-approval can show sellers you're a serious and credible buyer. Speak to a lender who can help you get pre-approved for a home loan in minutes.
Exactly What You Need To Do & How To Do It When Applying For A Home Loan (Before You Talk To A Lender)
What does mortgage pre-approval mean? It means a lender has guaranteed to give you a home loan when you're ready to buy a home.