What is pre-approval?
Pre-approval means that a lender has stated in writing that you qualify for a mortgage loan based on your current income and credit history. A pre-approval usually specifies a term, interest rate and mortgage amount. A pre-approval is typically valid for a brief period of time and usually has a number of conditions that must be met.
Online Mortgage Pre-Approval
Get an online pre-approval to know how much you may be able to afford and start your house hunt with confidence.
- Immediate response to your online application
- No impact on your credit score
- Holds your mortgage rate for 120 days
- Complete online, anytime, anywhere, in just five easy steps
What to bring to your in-branch pre-approval meeting
We want you to be ready for the pre-approval process and being prepared will help. For your meeting, you should plan to bring the following:
- Current address
- Previous address (if current address is less than 3 years)
- Current employment information (e.g. employer's address, telephone number)
- Previous employment information (if current employment is less than 3 years)
- Sources of verifiable income (e.g. pay stub, employment letter, bank statement confirming direct deposit, investment statement)
- If self-employed, the last 2 years Notice of Assessments from your Income Tax return
- Value of properties, automobiles, investments, and savings
- Most recent statements for mortgages, loans and lines of credit
- Most recent credit card statements
- Estimated value of your home
- Housing expenses (e.g. property tax, annual condo fee, heating costs)
- Financial information for your co-borrower, if applicable
- Social Insurance Number (optional)
- You are a Permanent Resident or have applied to become a Permanent Resident in Canada
- And you have been in Canada for 5 years or less
Other useful information
With a pre-approval, you're ready to let the house hunting begin.
Book an appointment
Visit a branch at a time that’s convenient for you.
Need help or ready to apply? Let us contact you.
We’ll come to you
Find a Mortgage Specialist who’s close to you and request a meeting.