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How much can I borrow?

Estimate the cost of your future property

 

The data generated by this tool does not create any legal or contractual obligations for National Bank. The granting of the financing remains subject, at all times, to the credit approval of the National Bank.

 

What’s the difference between a pre-qualification and pre-approval?

A pre-qualification provides a quick overview of your borrowing capacity whereas a pre-approval guarantees your financing and protects your interest rate for 90 days. In either case, there is no commitment to a loan. Put yourself in a good position to negotiate and purchase a home by applying for a pre-approval now.

Learn more

 

Calculator
  • Estimates your borrowing capacity to narrow down the price range of properties within your means
  • With no obligation to commit to a loan
  • Protects you from rising interest rates for 90 days
  • Demonstrates your seriousness as a homebuyer to sellers and real estate agent
pre-approval
  • Guarantees your borrowing capacity to narrow down the price range of properties within your means
  • With no obligation to commit to a loan
  • Protects you from rising interest rates for 90 days
  • Demonstrates your seriousness as a homebuyer to sellers and real estate agents

Little details that matter

Learn more about a mortgage pre-qualification and pre-approval

The first step in buying a property is knowing the price range within your means. You can get an estimate for this amount through a mortgage pre-qualification, or for more certainty, a mortgage pre-approval.

A mortgage pre-qualification is a rough estimate of your borrowing capacity to purchase a property. It’s calculated based on your basic financial information such as your income and current debt. No credit check is involved, nor is it a guarantee of the approved financing which you may receive by National Bank.

A mortgage pre-approval certifies your borrowing capacity based on several criteria including your credit rating. It confirms the amount that National Bank agrees to lend you under certain conditions and protects the rate of this loan against potential rises for 90 days. A pre-approval demonstrates your seriousness to sellers and your real estate agent and does not impose any obligation for you to commit to the loan.

Start your pre-approval request online now. Our mortgage experts will then contact you to finalize your request.

Now in effect

A number of government initiatives could help you become a homeowner

See what's new

 

 

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Tip

Protect your loan so that your loved ones don't inherit your debt. Mortgage loan insurance covers your payments in the event of disability, critical illness or death*.

* Certain conditions apply.

Learn more about buying a home