Should I get pre-qualified or pre-approved?
Get pre-qualified for a CIBC mortgage. Opens in a new window.
You're thinking about buying your first home and you want to get a rough idea of how much you may qualify to borrow.
Get pre-approved for a CIBC mortgage. Opens in a new window.
You're ready to gather your financial documents, lock in a rate and confidently make an offer on your dream home.
Key differences
| Get pre-qualified | Get pre-approved | |
|---|---|---|
| How much can I borrow? | Get an estimate | Get a specific amount |
| How long will it take? | Just a few seconds with our pre-qualification tool | We can process most pre-approvals in a few business days |
| Can I lock in my interest rate? | No | Yes |
| Can I apply online? | Yes | Tell us a bit about yourself online and we'll instantly connect you with an expert who'll guide you through the process |
| Are there any costs or obligations? | No | No |