Getting a mortgage pre-approval

Apply online with real-life experts at every step

What's the advantage of a pre-approval?

It gives you a head start! Applying for pre-approval for a mortgage loan is the first step in the process. It shows you’re serious about taking this step and helps make your home-buying project a reality.

Perfect if you’re looking to

Shop for a home with confidence and not miss any opportunities
Make the buying process easier
Establish your borrowing capacity
Guarantee your interest rate for 90 days¹
Obtain a financing guarantee from National Bank

Get pre-approved

The advantages of pre-approval

Video transcript

Hi, I’m an actor and instead of playing an advisor explaining to a fake couple what a mortgage pre-approval is, let’s get right to the point.

Mortgage pre-approval

Unlike prequalification, pre-approval tells you the exact amount you can borrow, while allowing you to lock in your interest rate for 90 days.

Exact borrowing amount and 90-day rate guarantee

It’s best to get pre-approved before you start house hunting. A pre-approval certificate shows that you’re serious about buying.

Official pre-approval certificate

It’s easy. You can do it online and then an advisor will assist you for the rest because everything’s better with the right tool and advice.

Prequalification or pre-approval—what's the difference?

Not sure if you need a prequalification or pre-approval?
Find out the differences and choose the one that’s right for you.

	Prequalification	Pre-approval
Establishes the price range of homes you can afford
Helps you work out your monthly payments
Under no obligation to take out a loan
Protects you against rate increases for 90 days
Shows sellers and your real estate broker you’re a serious buyer
Certifies that National Bank will lend you the money for the purchase, under certain conditions

How do I get pre-approved?

Apply for a pre-approval online – it just takes a few minutes.

Obtain help from an expert for your last steps.

Take a step closer to the home of your dreams.

Get pre-approved

5 good reasons to get pre-approved

Woman puts her hand on the shoulder of a man sitting at a desk and using a calculator

You'll know your price range

By pinpointing the maximum amount you can borrow, you can visit properties within your price range and have a better idea of the homes you can afford.

Young woman removes a page from a large calendar hanging on a wall

You can budget for your monthly payments

Once you know which properties you can afford, you can calculate monthly mortgage payments and determine whether your downpayment is going to be enough.

Young couple talking to an advisor on a staircase

You're protected against rate increases

The interest rate offered with your pre-approval is guaranteed for 90 days, so you can focus on finding your ideal home without worrying about rate increases.

Tip

Did you know that you can make a downpayment through National Bank online? Ask your notary—it's as easy as paying a bill online! (Quebec only)

Man and woman sitting in front of an advisor smile while holding a document

You'll increase your negotiating power

A pre-approval shows the seller of the property that you're a serious buyer. It proves that your financial situation is stable and gives you leverage when negotiating a price. It can also give you an edge over other potential buyers.

Advisor and young couple sitting at a dining table look at a pad

You're under no obligation to take out a loan

A pre-approval guarantees the amount you can borrow, but it doesn't mean you've committed yourself in any way. So don't hesitate—applying for a pre-approval is free, and an advisor can even come to your home to help finalize your application.