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 price you can pay for your future home, based on the current market, your borrowing capacity and your 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.
- Certain conditions apply. Offer conditional upon credit approval. This offer may be changed or revoked at any time without notice. Depending on the mortgage you choose, the rate or rate spread is guaranteed until June 30, 2023. The rate guarantee becomes effective when the application is submitted by your advisor.