The Privacy Policy and Disclaimer explain additional privacy, website-content and mortgage-information considerations.
Acceptance of These Terms
These Terms of Service (“Terms”) apply to your access to and use of MortgageSaver.org and the content, tools, calculators, comparison information, educational resources and other features made available through the website.
By accessing or using the website, you acknowledge that you have read and agree to these Terms.
If you do not agree to these Terms, you should not use the website.
Eligibility to Use the Website
MortgageSaver is intended primarily for people researching mortgage and home-financing information relevant to Canada.
If you submit personal, financial, mortgage or property information through the website, you represent that:
- you have the legal capacity to provide that information;
- where required, you have reached the age of majority in your province or territory;
- the information you provide is accurate to the best of your knowledge; and
- you have authority to provide information relating to another person where you choose to do so.
Educational and General Mortgage Information
MortgageSaver publishes general mortgage information intended to help users understand and compare topics such as:
- mortgage qualification;
- mortgage rates and terms;
- home purchases and pre-approvals;
- mortgage renewals and lender switching;
- mortgage refinancing;
- HELOCs and home-equity borrowing;
- reverse mortgages;
- private and alternative mortgage options;
- investment-property financing;
- mortgage calculations and affordability; and
- related Canadian mortgage concepts.
This information is general in nature. It may not reflect all facts relevant to your circumstances, lender, property, province, territory or transaction.
No Lender, Broker, Fiduciary or Professional Relationship Created by Website Use
Accessing MortgageSaver, reading its content, using a calculator or submitting information through the website does not, by itself, create:
- a lender-borrower relationship;
- a mortgage broker-client relationship;
- a fiduciary relationship;
- a financial advisory relationship;
- a legal relationship;
- a tax advisory relationship; or
- another professional-client relationship.
Information on MortgageSaver should not be treated as individualized financial, legal, tax, accounting, investment, insurance or estate-planning advice.
Where appropriate, obtain advice from a qualified professional who can review your individual circumstances.
Mortgage Products, Qualification and Approvals
Nothing on MortgageSaver constitutes a guaranteed mortgage approval, pre-approval, rate commitment, credit decision, financing commitment or promise that a particular mortgage product will be available.
Mortgage qualification may depend on factors including:
- income and employment;
- credit profile;
- existing debts;
- down payment or available equity;
- property value and property type;
- occupancy;
- mortgage-insurance requirements;
- supporting documents;
- appraisal or valuation;
- lender policies;
- applicable laws and regulations; and
- other underwriting criteria.
A lender or other financing provider is responsible for its own credit and underwriting decisions.
Mortgage Calculators, Estimates and Examples
Mortgage calculators and numerical examples on this website are provided for general planning purposes.
Results may be based on assumptions regarding interest rates, amortization, payment frequency, mortgage amount, taxes, insurance, fees, debts or other variables.
Calculator results:
- are estimates only;
- are not mortgage approvals;
- are not guaranteed lender calculations;
- may exclude costs that apply to your transaction; and
- may differ from a lender's actual underwriting result.
Always confirm important mortgage calculations before relying on them for an offer, refinancing decision or other financial commitment.
Mortgage Rates and Product Information
Mortgage rates, fees, qualification criteria, promotional offers, product features and lender policies can change without notice.
A rate displayed or discussed on MortgageSaver may not be available to every borrower or property.
The rate or product available to a particular borrower can depend on factors including loan-to-value, insured or uninsured status, property use, credit, mortgage term, amortization, transaction type, lender requirements and market conditions.
Confirm current rates and all applicable terms before entering into a mortgage agreement.
Information You Submit
If you voluntarily provide information through MortgageSaver, you agree to provide information that is accurate, complete and not misleading to the best of your knowledge.
You should not knowingly submit:
- false financial information;
- altered financial records;
- information you are not authorized to provide;
- malicious code or harmful files; or
- information for an unlawful or fraudulent purpose.
If information relevant to a mortgage decision changes, the previous estimate, comparison or discussion may no longer be applicable.
Privacy and Information Security
Our handling of personal information is addressed separately in the MortgageSaver Privacy Policy.
You are responsible for using reasonable care when transmitting sensitive information online.
Do not send online-banking passwords, PINs or other account login credentials through MortgageSaver unless a clearly identified, legitimate process specifically requires an appropriate form of authentication and you have verified that process.
No internet transmission or storage system can be guaranteed to be completely secure.
Acceptable Use of MortgageSaver
You may use the website only for lawful purposes.
You must not knowingly:
- interfere with the operation or security of the website;
- attempt to gain unauthorized access to systems, accounts, databases or restricted areas;
- introduce malware, malicious code or automated attacks;
- scrape, reproduce or systematically extract substantial portions of the website in violation of applicable rights;
- impersonate another individual or organization;
- use the website to commit fraud or misrepresentation;
- submit unlawful, defamatory, infringing or malicious material; or
- use MortgageSaver in a manner that violates applicable law or the rights of another person.
Intellectual Property
Unless otherwise stated, the MortgageSaver website, its original written content, page design, graphics, branding and related materials are protected by applicable intellectual-property rights.
You may use publicly available content for personal, non-commercial informational purposes.
You may not reproduce, republish, sell, license, modify or commercially exploit substantial MortgageSaver content without permission where permission is required by law.
Third-party names, trademarks, data and content remain the property of their respective owners.
Third-Party Websites, Lenders and Service Providers
MortgageSaver may link to or reference third-party websites, financial institutions, government resources, service providers or other external sources.
Those third parties operate independently and may have their own:
- terms of use;
- privacy policies;
- qualification standards;
- rates and fees;
- product terms;
- security practices; and
- legal obligations.
A link or reference does not, by itself, mean MortgageSaver guarantees, controls or assumes responsibility for the external service, product or website.
Website Availability and Changes
MortgageSaver may update, modify, remove or discontinue website content or features from time to time.
We do not guarantee that every page, calculator, link or feature will always be available, uninterrupted, error-free or current.
Temporary outages, maintenance, technical problems, external service failures or other events may affect website availability.
Disclaimer of Warranties
To the extent permitted by applicable law, MortgageSaver and its website content are provided on an “as available” and “as is” basis.
We do not warrant that:
- all content will always be complete or current;
- every calculation will match a lender calculation;
- a specific mortgage will be available;
- a displayed rate will apply to you;
- a particular financing strategy will be suitable;
- the website will be continuously available; or
- all external information or links will remain accurate.
Nothing in these Terms excludes warranties or rights that cannot legally be excluded under applicable law.
Limitation of Liability
To the extent permitted by applicable law, MortgageSaver will not be responsible for losses arising solely from reliance on general website information where the relevant information should have been independently confirmed before a mortgage, purchase, refinancing, investment or other financial commitment.
This may include losses associated with:
- outdated rate information;
- calculator estimates;
- changes in lender requirements;
- third-party websites or services;
- website interruptions;
- property or appraisal outcomes;
- mortgage approval decisions; or
- decisions made without obtaining appropriate professional advice.
Nothing in these Terms limits liability where it cannot lawfully be limited or excluded.
Responsibility for Unlawful or Improper Use
To the extent permitted by law, you are responsible for losses, claims or expenses resulting from your own unlawful, fraudulent or intentionally harmful use of MortgageSaver.
This includes knowingly providing fraudulent information, infringing another person's rights or attempting to compromise the website's systems or security.
Suspension or Restriction of Access
MortgageSaver may restrict or suspend access to all or part of the website where reasonably necessary to:
- protect website security;
- prevent fraud or unlawful use;
- address material violations of these Terms;
- perform maintenance; or
- comply with legal obligations.
Changes to These Terms
MortgageSaver may revise these Terms from time to time to reflect changes to the website, business practices, legal requirements or services.
The revised version will be posted on this page with an updated revision date where appropriate.
Your continued use of the website after updated Terms become effective constitutes acceptance of those updated Terms to the extent permitted by applicable law.
Applicable Law and Mandatory Rights
These Terms are intended to operate consistently with applicable Canadian law and any mandatory provincial or territorial rights that apply to you or your use of the website.
Nothing in these Terms is intended to waive a consumer, statutory or other right that cannot legally be waived.
Because applicable legal rights can depend on location and the nature of a transaction, obtain legal advice where you require an interpretation of your rights or obligations.
General Provisions
Severability
If a provision of these Terms is found to be invalid or unenforceable, the remaining provisions are intended to continue to apply to the extent legally permitted.
No Waiver
A failure to enforce a provision of these Terms on one occasion does not necessarily waive the right to enforce it later.
Entire Website Terms
These Terms, together with referenced legal policies and any specific terms presented for a particular website feature, constitute the terms governing general use of MortgageSaver.org.
Questions About These Terms
If you have a question about these Terms, another MortgageSaver legal policy or how a website feature is intended to operate, please use our Contact page.
Questions about a specific mortgage product, lender agreement, legal obligation, tax treatment or professional service should also be directed to the appropriate lender or qualified professional where applicable.