HomeRates.ai – Terms & Disclosures

1. Not a Mortgage Lender or Broker

HomeRates.ai does not represent or act on behalf of any mortgage lender, mortgage broker, bank, or financial institution. References to “any mortgage lender” within the app are generic and illustrative only.

All mortgage applications, credit decisions, required disclosures, underwriting determinations, and interest rate quotes must be obtained directly from a licensed mortgage lender or mortgage company. HomeRates.ai:

• does not provide official loan terms or offers to extend credit;
• does not determine qualification, approval, or denial;
• does not issue Loan Estimates (LE), Closing Disclosures (CD), or pre-approvals;
• does not guarantee interest rates, fees, closing costs, or program availability.

2. Educational Content Only

All information provided by HomeRates.ai is intended for general educational purposes only. Nothing presented within the app should be interpreted as:

• financial advice,
• legal advice,
• tax advice,
• investment advice, or
• personalized mortgage guidance.

Any examples, scenarios, or calculations (including monthly payments, DSCR ratios, debt-to-income estimates, or potential savings) are hypothetical and provided solely to illustrate concepts. They may not reflect current program guidelines, lender overlays, or market conditions. Users must verify all details with a licensed mortgage lender, financial professional, or qualified advisor before taking action.

3. No Guarantee of Accuracy or Completeness

Mortgage programs, eligibility criteria, interest rates, regulatory requirements, and market conditions change frequently. While HomeRates.ai strives to provide information that is current and accurate, no guarantee is made as to completeness, timeliness, or accuracy.

Users should always confirm important information directly with a licensed mortgage lender, including but not limited to:

• loan program requirements,
• interest rate and pricing options,
• underwriting guidelines and overlays,
• qualification criteria and documentation needs.

4. No Credit Decisions, Approvals, or Guarantees

HomeRates.ai does not perform credit underwriting or issue lending decisions. Any language within the app that discusses “qualification” or “eligibility” is strictly educational and refers to general industry practices, not to any specific lender's actual decision on a real file.

HomeRates.ai does not:

• pull or analyze credit reports,
• approve or deny mortgage applications,
• determine final loan terms, conditions, or rates,
• provide any form of binding commitment, pre-qualification, or pre-approval.

5. No Steering or Product Recommendations

HomeRates.ai does not steer, recommend, or favor any specific mortgage product, lender, or loan structure. Any mention of loan types (for example, conventional, FHA, VA, jumbo, DSCR, or down payment assistance programs) is for illustrative and educational purposes only.

Users should consult directly with a licensed mortgage lender to determine which products, if any, may be appropriate for their individual situation.

6. No Mortgage Application or Loan Processing

HomeRates.ai is not a loan application portal and does not submit information to any lender. The app does not collect or process:

• Social Security numbers,
• credit reports or credit scores,
• bank statements or asset documentation,
• tax returns or W-2s,
• employment verification data,
• loan application forms.

Any decision to apply for a mortgage must be made directly with a mortgage lender through that lender's official systems and processes.

7. Independence from Any Mortgage Lender

HomeRates.ai is an independent educational tool. It is not owned, operated, endorsed, or sponsored by any mortgage lender or mortgage company. References to “any mortgage lender” are generic and do not indicate affiliation or partnership.

8. User Responsibility

By using HomeRates.ai, you agree that you are solely responsible for:

• how you interpret and use the information provided,
• verifying all mortgage-related information with a licensed mortgage lender, and
• consulting appropriate professionals (financial, legal, tax) before making decisions.

You agree not to hold HomeRates.ai or its operators liable for any decisions made or actions taken based on information obtained through the app.

9. Limitation of Liability

To the fullest extent permitted by law, HomeRates.ai and its operators shall not be liable for any direct, indirect, incidental, consequential, or special damages arising out of or in connection with the use of, or inability to use, the app or any information provided through it.

10. Changes to These Terms & Disclosures

HomeRates.ai may update these Terms & Disclosures from time to time. The most current version will always be available on this page. Continued use of the app after changes are posted constitutes acceptance of the updated terms.

11. Contact

For questions about these Terms & Disclosures, you may contact:

Email: support@homerates.ai