Last updated: December 1, 2024
By accessing or using the website and services of Best Rates, operating under Verico MortgagePal Inc Broker Lic#12685, you agree to be bound by these Terms of Service. If you do not agree to these terms, please do not use our services.
Best Rates is a licensed mortgage brokerage that provides mortgage brokerage services, including but not limited to:
We act as an intermediary between you and various lenders. We do not directly provide mortgage loans but assist in finding suitable mortgage products from our network of lenders.
To use our services, you must:
When using our services, you agree to:
Important: Submission of an application through our services does not guarantee mortgage approval. Approval decisions are made solely by lenders based on their underwriting criteria. We do not guarantee:
Our mortgage brokerage services are typically provided at no direct cost to you. We receive compensation from lenders when a mortgage is successfully funded. In some cases, broker fees may apply and will be disclosed to you in advance in writing before you proceed.
By submitting a mortgage application, you authorize us to obtain credit reports and other financial information from credit bureaus and other sources as necessary to process your application. This may include both soft and hard credit inquiries.
You authorize us to share your personal and financial information with potential lenders, insurers, and other parties necessary to process your mortgage application. Please review our Privacy Policy for more details.
All content on our website, including text, graphics, logos, and software, is the property of Best Rates or its licensors and is protected by copyright and other intellectual property laws. You may not reproduce, distribute, or create derivative works without our written permission.
You agree not to:
Our website may contain links to third-party websites. We are not responsible for the content, accuracy, or practices of these external sites. Linking does not imply endorsement.
Our website and services are provided "as is" without warranties of any kind, either express or implied. We do not warrant that our website will be uninterrupted, error-free, or free of viruses or other harmful components.
To the fullest extent permitted by law, Best Rates and its officers, directors, employees, and agents shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of our services, including but not limited to:
You agree to indemnify and hold harmless Best Rates, its affiliates, and their respective officers, directors, employees, and agents from any claims, damages, losses, or expenses arising from your use of our services or violation of these terms.
These Terms of Service are governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein. Any disputes shall be resolved in the courts of Ontario.
We reserve the right to modify these Terms of Service at any time. Changes will be effective immediately upon posting to our website. Your continued use of our services after changes constitutes acceptance of the modified terms.
If any provision of these terms is found to be unenforceable, the remaining provisions will continue in full force and effect.
These Terms of Service, together with our Privacy Policy and any other legal notices on our website, constitute the entire agreement between you and Best Rates regarding your use of our services.
For questions about these Terms of Service, please contact us:
Verico MortgagePal Inc Broker Lic#12685
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