Unlike any other pre-qualification app in the market, My Mortgage Toolbox offers homebuyers an accurate estimate of the maximum purchasing power. As an added bonus, the pre-qualification tool generates a PDF certificate with the homebuyer’s name, the pre-qualified purchase price and validity date. The certificate will be valid for 30 days and upon initial creation or renewal, the client receives an updated version delivered to their inbox.

This new feature is easy to use, and gives consumers piece of mind as they shop for their dream home.

“We’re always looking at ways to make the entire mortgage process easy for all homebuyers,” said Eddy Cocciollo, President of Dominion Lending Centres. “The first question almost everyone asks when they’re thinking about buying a home is how much can they afford. This new pre-qualification feature in My Mortgage Toolbox is a great way for Canadians to quickly find out and get started on finding a home.”

This is not just another simple addition to the app with a few animations, it’s an incredibly accurate data-driven feature that is designed with the best methodologies to give the user an accurate dollar amount for their pre-qualification.

This new feature will also help mortgage professionals gather the required information for an initial assessment of their client’s purchase power as well as identify potential areas for improving the client’s file before submitting it to a lender.

This new pre-qualification feature is just another step in the evolution of My Mortgage Toolbox. Launched in August 2018, My Mortgage Toolbox has taken the mortgage industry by storm, with more than 10,000 Canadians so far signed up to use the app.

A first-of-its-kind for the industry, the app has made it easy for consumers to find a mortgage broker nearest them and get the best mortgage product at the lowest rate available.

The app has also been translated into several languages including English, French, Spanish Chinese and Hindi.

More and more Canadians are looking for faster and easier ways to travel the road to homeownership. A new feature from My Mortgage Toolbox now gets them on their way in less than 60 seconds, all from the palm of their hand.

Powered by Dominion Lending Centres, the popular mobile app allows Canadian homebuyers to get pre-qualified for a mortgage in less than a minute.

My Mortgage Toolbox is available for download on Apple and Android devices, or by clicking the “My Mortgage Toolbox” link on the DLC website www.dominionlending.ca.