How will Canada’s Top Lender manage in-flight applications? Changes to existing policies and procedures may impact applications initiated before or after January 1, 2018 (this policy will be subject to change at any time, without notice).
| Timeline | Pre-Approval | Purchase Transactions or Refinances |
| Before January 1, 2018 | Pre-Approvals committed before January 1st will remain valid up to 120 days following the initial credit decision. | Approved applications closing before or beyond January 1st will remain valid; no re-adjudication is required as a result of the qualifying rate update. |
| On and after January 1, 2018 | Any material changes to the request post January 1st may require re-adjudication using updated qualifying rates. | Material changes to the request post January 1st may require re-adjudication using updated qualifying rate rules. |
