on your phone!
Pre-qualification is the process of estimating the maximum house price that you can afford. Getting Pre-Qualified does not require you to submit documents or do a credit check. It’s completely based on the information you enter.
Once you know your exact amount, you can confidently shop for homes in that price range, however, pre-qualification is never enough to place an offer on a real estate property. In all cases, you must to speak to a licensed advisor and obtain a formal lender pre-approval.
Get to know your purchase power
Answer a few simple questions and our world-class algorithm crunches the numbers and calculates your maximum home price.
You’ll also receive a detailed report with all the bells and whistles that you can use when you ready for a lender pre-approval.
With this power in your pocket, you can confidently start looking for your new home.
Is it Accurate?
You bet it is!
We have consulted with some of the top mortgage experts in Canada and interviewed lenders to understand the inner works of their underwriting techniques.
Our world-class algorithm also uses advanced techniques to account for complex mortgage rules, rental scenarios, the complete B-20 guidelines (stress test).
We also leverage location-specific proprietary data to estimate heat, condo fees and property taxes.
You’ll be impressed once you see what we believe is the most accurate pre-qualification in the world.
Submit a Request
All your information stays private to you and no one will attempt to contact you. The Canadian Mortgage App will never sell your information to third parties.
This doesn’t mean we are not here to help when you need it. Once you are pre-qualified, you can submit a request to speak to one of our mortgage partners and see how you can improve your numbers. You can also request to get pre-approved with over 40 lenders and banks.
Refresh your Pre-Q
BOC Rate might vary during the amortization period of your mortgage changing the total amount in your pre-qualification.
So If you are already pre-qualified and want to adjust your expenses and mortgage payments to the current BOC rate, you don’t have to start a new Pre-Qualification, it’s as easy as tapping in the Refresh Button.