A preapproval built on verified documents gives you the real budget and holds a rate for 90 to 120 days. It assesses you, not the property: a lender can still decline if the appraisal lands below the price.
Pre-approval with context
The maximum approval is not always the right budget. Mathieu helps compare lender limits with a realistic household payment.
A cleaner offer process
Against competing offers, shortening the financing window reassures a seller as much as dropping the condition, without moving the risk onto you. That only works if your documents are already gathered.
Documents to gather
What the lender will ask for.
Down payment source
Comfortable monthly payment
Closing costs
Credit profile
Property type
Offer timeline
Frequently asked
Which programs exist for a first purchase?+
The Home Buyers’ Plan allows a tax-free RRSP withdrawal, the FHSA combines a deduction with a tax-free withdrawal, and tax credits exist federally and provincially. Confirm the current limits when you buy. They change between budgets.
Current rates
Today’s rates, read with their conditions.
These rates are indicative. The one you get depends on your file, the type of mortgage (insured or not) and the lender, and the penalty attached to it matters as much as the number.
Buying, renewing, refinancing or an unusual situation: describe where you are at, even if it is still vague. Mathieu replies with the next steps and the documents to gather.
