Pre-approval is a vital step in the home-buying process since it
guarantees the amount that your bank is willing to lend you. It gives
you a range of the properties you can afford, offers a credibility to
your offers and freezes interest rates for 90 days. Start your free,
commitment-free application online.
4. How much does it cost to be a homeowner every year?
Buying a home is great, but don’t forget about the costs associated
with your property. From insurance, to heating, electricity and gas,
make sure to take everything into account when creating your budget.
Did you find the home of your dreams and want to make an offer? Now’s
the time to apply
for financing. But don't forget that buying a home comes with
other costs. Planning for these expenses will help you keep control of
your budget. Talk to one of our experts to learn more.
TM All-In-One is a trademark of National Bank of Canada.
1. Insurance premiums are added to the total amount of your mortgage. File examinations fees charged by Canada Mortgage and Housing Corporation (CMHC) and SagenTM (formerly known as Genworth) and taxes on premiums must be paid separately. TM Sagen is a trademark of Genworth Financial Canada, the mortgage insurance company.
2. To be eligible for the Home Buyers' Plan (HBP), the property must be located in Canada, purchased or built before October 1 of the calendar year following the withdrawal from your RRSP for your primary dwelling, no later than one year after it is purchased or built. You and your spouse can each withdraw up to $35,000 from your RRSP. You'll have 15 years from the second calendar year following the withdrawal to repay the funds into your RRSP. Each year, you must repay 1/15th of the total amount withdrawn.
3. Subject to credit approval by National Bank of Canada. Certain conditions apply.