Businesses
Is NorthMerit a lender?
No. We verify your request and match it with one financing partner suited to it. The partner reviews your request and sets any terms.
Does it cost anything to apply?
No. There’s no fee to apply and no obligation to accept an offer. NorthMerit is compensated by its financing partners.
Who will contact me?
One financing partner matched to your request, using the phone and email you verified. Your request isn’t sent to a list.
Will applying affect my credit?
NorthMerit doesn’t run a credit check. If you move forward, a lender may ask your permission to run one.
Why do you check the business registry?
It confirms your business exists, is in good standing and matches your details, so the partner starts with verified facts and you type less.
Homeowners and buyers
Is NorthMerit a mortgage broker or lender?
No. We match your request with one independent, licensed mortgage professional, who can compare options and advise you. They, and the lender, set any terms.
Does it cost anything?
Getting matched is free, with no obligation. NorthMerit is compensated by its partners. Ask your mortgage professional how they’re paid before you proceed.
Will this affect my credit?
NorthMerit doesn’t run a credit check. Your mortgage professional will ask your permission before any credit check.
Who sees my information?
With your consent, your request is shared with one mortgage professional. Not a list, and never more than one.
Brokers and lenders
Are requests shared with other partners?
Never. Each request is matched with one partner only.
Has the applicant agreed to be contacted?
Yes. Consent to share the request with one partner is recorded before it reaches you.
Which requests will I receive?
Only requests matching the products, regions and sizes you’re approved for.
Do I need a licence?
For mortgage and property-secured requests, yes: you must be licensed or registered to arrange them in Ontario. We verify this before approval.
