PRE-QUALIFICATION

How much can I borrow?

Estimate your maximum loan amount in two minutes


Pre-qualify for your mortgage

Thinking about buying?

You could receive up to $3,000 cashback

View offer

 

Pre-qualification or pre-approval?

What’s the difference between the two? Pre-qualification gives you an overview of your borrowing capacity, while pre-approval guarantees your financing and protects your rate for 90 days, without committing to a loan. Put yourself in a good position to negotiate and purchase a home by requesting a pre-approval now. 

Read the details

 

Calculator

Pre-qualification: 

  • Allows you to estimate your borrowing capacity and indicates the price range of properties that are within your means
  • Does not commit you to taking out a loan
  • Protects you from an interest rate increase for 90 days
  • Shows sellers and real estate brokers the seriousness of the steps you’re taking
Illustration of a completed form

Pre-approval:

  • Guarantees your borrowing capacity and indicates the price range of properties that are within your means
  • Does not commit you to taking out a loan
  • Protects you from an interest rate increase for 90 days
  • Shows sellers and real estate brokers the seriousness of the steps you’re taking

Do your calculations

Illustration of a calculator and a calendar joined by a plus symbol

Calculating your monthly payments

Determine how much you can repay each month based on your budget. 

Calculate my payments

Illustration of house with thought bubble saying

Rent or buy?

Find out if it's more profitable for you to buy or rent.

Illustration of a circular diagram containing question mark symbol

Accelerated payments

Pay off your mortgage faster with flexible payments or by using your credit card reward points.

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.

Legal Disclaimers

TM Sagen is a trademark of Genworth Financial Canada, the mortgage insurance company.

Get your project off to a good start

Chat bubbles icon with a question mark and the National Bank logo

Ask us your questions

Make an appointment with an advisor to discuss your project, no matter how far along you are in the process.
 

Make an appointment

Icon of two silhouettes with the National Bank logo

Talk to a mortgage expert 

 

1-855-755-9533 – option 4

 FAQ icon

Find an answer to
your question

 

Frequently asked questions