Mortgage pre‑approval

Guarantee your financing by National Bank without committing to a loan

Take a step forward

Guarantee your financing by National Bank without committing to a loan. Place yourself in an ideal position to negotiate for and buy a home.

Ideal if you’d like to

Get pre-approved

Pre-qualification or pre-approval—what's the difference?

	Pre-qualification	Pre-approval
Establishes the property price range within your means.
Helps you predict your future monthly payments.
No commitment to take out a loan.
Protects you from rising interest rates for 90 days.
Shows your seriousness to sellers and brokers.
Certifies that National Bank will lend you the money. (Some conditions may apply²).
	Get started	Get preapproved

A pre-approval, how does it work?

Start your application online.

An advisor will get in touch with you to finalize your pre-approval.

Make an offer on the property of your dreams!

Get started

5 reasons why you should get a pre-approved mortgage

Is a mortgage pre-approval necessary? Very! It concretizes the process of buying your property: your borrowing capacity, loan repayment, mortgage rate, it all becomes clear. Unlike pre-qualification, the pre-approval certifies that a lender (National Bank) is committed to providing you with financing.

Enjoy the benefits of a pre-approval for the purchase of your home.

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

1. Know your borrowing capacity

Knowing how much your future mortgage might be allows you to shop efficiently. You also avoid the trap of falling in love with a home that’s just out of reach.
Time is money. Target your searches.

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2. Calculate your down payment by planning your monthly payments

Even if you haven’t found your ideal property yet, you can start making your dream come true. Determine the size of your loan and set a budget. Start scheduling your mortgage payments.
Do you have enough money?

Calculate your mortgage payments.

Young couple talking to an advisor on a staircase

3. Protect your interest rate to avoid interest rate rises

Avoid the stress of market fluctuations by protecting your rate for 90 days. By being pre-approved, you can shop with peace of mind without rushing or delaying your purchase.
Enjoy the security without committing to a loan.

Tip!

It's possible to pay your down payment online. It’s as simple as paying an invoice. Ask your notary what types of payments are accepted by your online bank.

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

4. Stay one step ahead of other buyers

You are considered a serious buyer with a pre-approval. It financially reassures the seller and your broker that you’re not bluffing. Your cards are on the table. Your offer is solid and you will be able to negotiate.

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

5. Respond quickly by getting a loan immediately

National Bank is committed to providing you with the funding for which you were pre-approved. An advisor is available to answer your questions without you having to commit to a loan.
A pre-approval is "yes" in advance for your loan.

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Little details that matter

® 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 the receipt of your application.

²To get a mortgage pre-approval, you’ll need to provide proof of income in the form of a pay stub and a T4 slip, or a notice of assessment. You also need to have reached the age of majority in the province in which you’re applying. The mortgage pre-approval is only valid for a property located in Canada, excluding the territories (Yukon, Nunavut and the Northwest Territories). To apply online, you and your co-borrower (if applicable) must currently own, in total, one property or less, whether it’s owned jointly, individually, or with a third party.

Learn more about buying a home

How to pick the next “hot” neighbourhood

Home inspection: Watch out for hidden defects

Man and woman using a tablet and with their child next to them

Three ways to secure a down payment to buy a house

See all articles

Ready for the next step?

Make a serious offer. Protect your interest rate.