Buying a home with QuestMortgage
Can I get pre-approved with QuestMortgage?
If you’re actively looking to purchase a home or planning to place an offer on a property within the next few months, a pre-approval is a great way to get started.
Getting pre-approved with QuestMortgage allows you to lock in your interest rate up to 120 days, so you can shop with confidence.
Get pre-approved with QuestMortgage
If you’re not quite ready to purchase a home yet, the Affordability Calculator lets you see approximately how large of a mortgage you could afford and what your potential payments could be.
What is the Home Buyer’s Plan? What’s available as a first-time home buyer?
The Home Buyers' Plan (HBP) allows home buyers to borrow up to $60,000 from their RRSP for a down payment, tax-free. The program lets you take advantage of the tax deductions that RRSP contributions provide, while saving for a down payment on your home. Then, you can withdraw the funds tax-free and use them towards a home. Learn more about the HBP.
There are other programs available to you as a first-time home buyer depending on where you live. Check out our article about these programs.
How much mortgage can I afford and how much money do I need?
Mortgage affordability is based on your income, your personal expense, and other expenses that come with owning a home, such as property taxes or condo fees. You can check out our mortgage affordability calculator to see how much you can afford.
How long can I hold my rate for?
With QuestMortgage, you can hold your rate for up to 120 days.
Your interest rate is guaranteed for up to 120 days from the date your QuestMortgage application is approved. If the mortgage is not funded within 120 days from the date the application is approved, this interest rate guarantee expires.
What are your current rates and terms?
Get a great low rate right from the start with our BetterRate ® mortgages.
Please see our rates and terms here.