Get pre-approved for a mortgage
Mortgage pre-approval
Here's why and how to get pre-approved for a mortgage.
Get pre-approved for a mortgage
Pre-approval basics
A mortgage pre-approval tells you how much you could borrow to buy your future home and shows that you're a serious buyer. It's non-binding, which means you're in no way committed to taking out a mortgage.
Advantages of getting pre-approved
- Makes the homebuying process that much easier
- Shows that you're able to make the purchase
- Specifies the maximum you can pay for your future home, based on your borrowing capacity and down payment
- Gives you a head start on your meeting with your real estate broker or the person selling the property
-
Guarantees a fixed rate for a limited time depending on which mortgage you choose
or
- Guarantees the difference between a variable rate and the prime rate for a limited time, depending on which mortgage you choose
Pre-approval in 3 steps
- Assess your financing needs based on what you can afford.
- Get a prompt answer.
- Get the mortgage terms and certificate upon approval.
Online tools
Buying your first home
If you're a Desjardins member, log in to AccèsD to walk through the key steps of the buying process and to:
- Calculate your budget
- Estimate your monthly payments
- Get pre-approved
On AccèsD, go to the Home section and click Prepare to buy.
