The information in this blog is for information purposes only and should not be used or construed as financial or investment advice. Information obtained from third parties is believed to be reliable, but no representations or warranty, expressed
or implied, is made by Questrade Group of Companies, its affiliates or any other person to its accuracy.
All mortgage applications are subject to meeting QuestMortgage standard credit criteria, residential mortgage standards and maximum permitted loan amounts. All rates are subject to change at any time without notice. Advertised interest rates
are for approved QuestMortgage applications that meet qualification conditions and interest rates available at pre-approval may be higher. Available in select markets only.
Pre-approval Pre-approval may only be available for certain mortgage terms. The purpose of the pre-approval is to hold an interest rate (for fixed rate mortgage pre-approvals) or to hold a modifier to the QuestMortgage Prime
Rate (for variable rate mortgage pre-approvals) for you for the period the Pre-approval Rate Hold Guarantee is in effect and can only be relied upon if you are approved for a QuestMortgage. The Pre-approval Rate Hold Guarantee is in effect
from the time you are pre-approved for a period of up to 120 days, after which this guarantee expires; other conditions may apply. Pre-approval does not provide any form of guarantee that you will be approved for a mortgage. The values
and figures shown to you cannot be used as an offer to obtain a mortgage or for the approval of any particular mortgage terms. Your approval for a mortgage or a loan requires additional information and verification, and depends on your
circumstances at that time. Therefore, you will still be required to go through the full QuestMortgage application process before you may be approved for a mortgage of any kind.