Skip to main content
62117588230abfe963915e35decfb1e2e10f8318
• Sep 5, 2018

When it's time to start shopping for your home, being pre-approved for a mortgage is a helpful first step.

As most lenders offer the ability to get you pre-qualified or pre-approved for a mortgage, it's important to understand the two are not the same.

When you are pre-qualified for a mortgage, you have a general idea of how much mortgage you might be approved for, but there's no certainty this is the actual amount you'll receive.

When you are pre-approved for a mortgage at TD, you have a clearer picture of the home you can afford and what you'll pay each month, including credit protection. But there’s still no guarantee that you will be approved once you submit a full application.

With the TD Online Mortgage Pre-approval tool, you can apply online for a mortgage pre-approval anywhere, anytime. It only takes about five minutes and you could get pre-approved immediately.

Knowing how much mortgage you may be approved for when starting to shop for your new home can help give you more confidence that you're making the right financial decision.

To learn more, check out the TD online mortgage pre-approval tool at homeready.td.com.

Want to learn more about Mortgages?
Updates to Canada's Mortgage Stress Test
Todd Talbot of "Love It or List It Vancouver" on what you need to know about buying a house right now
How Canadians' relationships with their homes are evolving during the pandemic