Prepare to apply

Understand the mortgage application process

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Create a budget and start saving

  • Save money for your down payment
  • Calculate how much you can afford using our mortgage affordability calculator
  • Budget an extra 2 to 4% of the purchase price for closing and other costs

Tell me more about mortgages

Check your credit history

A healthy credit score can improve your chances of getting a mortgage.

Not yet ready to apply? We're here to help you understand your options.

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What we look for

  • Established credit history
  • Stable source of income
  • Debt-to-income ratio

How we let you know

We'll reach out to you by phone to discuss your application and outline next steps.

Protect your investment

Protect one of your family’s biggest assets with Mortgage Life Insurance It helps with paying off or reducing your mortgage loan if you were to pass away. 

Mortgage Life Insurance is underwritten by The Canada Life Assurance Company (Canada Life). Purchase of this insurance is optional and isn’t required to obtain any CIBC product or service.

Gather all required documents

Your mortgage specialist will let you know what documents to provide. They can include proof of income, down payment and finances, among others.

Show list of documents
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What you'll receive

Your mortgage specialist will reach out to you and provide a mortgage commitment letter. They'll also outline any remaining details.

Things to do before closing

  • Review all loan documents, forms and paperwork
  • Make sure you have money saved for closing costs
  • Meet with your lawyer to sign any final documents
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How to manage your mortgage

Register and sign on to Simplii Financial™ Online Banking or the Mobile Banking App to manage your mortgage. Your mortgage specialist will contact you when it's time to renew.

How to apply for a mortgage

Request a mortgage pre-approval

Don't miss out on your dream home. Make an offer with the comfort of knowing how much you may qualify for.

 Rate guarantee
Lock down your rate for 120 days on select fixed rate mortgages


Submit an application

Already found your new home? It's easy to start the application process online.



Home buying made simple every step of the way


Get to know our great rates and mortgage products


Find out what documents you need for a mortgage

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Other questions people were interested in.

Get dedicated support when you need it

"My mission is to listen and understand your needs and focus on giving you the most suitable solution with the highest level of service."
Roy L., Mortgage Specialist