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Getting a mortgage pre-approval

Apply online with real-life experts at every step

Get pre-approved

 

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

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.

5 good reasons to get pre-approved

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

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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)

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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.

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

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Legal disclaimer

® NATIONAL BANK ALL-IN-ONE is a registered trademark of National Bank of Canada.

1The rate can be guaranteed for up to 90 days following receipt of the application.

Learn more about buying a home

Ready for the next step?

Get an edge over other buyers and guarantee your interest rate by applying for a mortgage pre-approval online.

Get pre‑approved

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