Terms of Use

Legal Notice: Website Disclaimer

Wiseday Financial Inc. (together with its affiliates, "Wiseday") makes no warranties or representations, either expressed or implied, as to the accuracy or completeness of the content of this Website. Information on this site may be amended without notice, and may contain inaccuracies due to technical inaccuracies, errors, and omissions of timeliness or of information. Wiseday will not be liable or responsible for any damages resulting from use of this Website. Wiseday will not be liable for any damages resulting from the transmission of confidential or personal information. Privacy and confidentiality of information transmitted via the Internet cannot be assured.

We take care to allow your personal information to be accessed only by those who require access to perform their tasks and duties, and to share only with third parties who have a legitimate purpose for accessing it.

Wiseday may use Plaid, Inc. (“Plaid”) to connect your Wiseday mortgage application with your bank account to determine your eligibility for an Instant Pre-Approval (IPA) or a Fast-Tracked Renewal or Refinance. Information shared with Plaid is treated by Plaid in accordance with its Privacy Policy, available at https://plaid.com/legal/#end-user-privacy-policy.

Pre-approval / Instant Pre-approval Terms and Conditions

The calculation of the Instant pre-approval amount is established according to the information provided by the borrower, including salaried income and Equifax credit history at the time of application.

If your employment status changes, unfortunately, this letter will be cancelled. Contact your mortgage broker immediately so that they can help you reassess the situation and confirm the amount for which you are eligible under these new circumstances.

Final approval and funding are conditional on meeting all underwriting guidelines that will be required by the lender of your choice. Final mortgage loan approval is dependent on the loan meeting the loan eligibility criteria, which include property eligibility, credit history, exact employment time of purchase, income and verification of down payment.

Final approval is also contingent on loan approval under mortgage default insurance, if applicable. Upon final approval, you will receive a signed commitment letter detailing the terms of the loan and the steps required for disbursement.

This loan amount may vary depending on various factors, including the value of the property purchased, the appraisal report, mortgage loan insurance costs, property taxes, condominium fees, heating costs, and the interest rate applicable at the time of issuance of the commitment letter.