What the plugin does
The plugin performs deterministic calculations using values supplied in the request. Supported workflows include mortgage-payment comparisons, qualification-payment scenarios, GDS and TDS ratios, LTV and CLTV calculations, and bounded prepayment-penalty estimates.
Important limitations
- Results are calculation and scenario analysis, not financial, legal, tax, or investment advice.
- The plugin does not approve or decline borrowers, select or recommend a lender, issue a pre-approval, submit an application, or contact a borrower.
- Prepayment results are estimates and are not lender discharge statements.
- Rates, thresholds, insurer rules, lender policies, and regulatory requirements can change. Confirm current requirements with the applicable lender, insurer, regulator, and qualified professional before relying on a result.
- Results depend on the completeness and accuracy of the values supplied.
Permitted use
You may use the plugin for legitimate Canadian mortgage calculations and non-identifying scenario analysis. Do not provide borrower documents, credentials, government identifiers, names, contact details, addresses, account identifiers, or other personal information.
Prohibited use
Do not use the service to make unlawful or deceptive decisions, circumvent lender or regulatory requirements, misrepresent an approval or qualification, probe or disrupt the service, evade rate limits, or attempt to access capabilities that the plugin does not expose.
Availability and changes
Clara may correct calculations, improve reliability, limit abusive traffic, or suspend the service when necessary for safety, maintenance, or compliance. Material changes to the plugin's reviewed tools, metadata, or public claims are released through the applicable platform review process.
Privacy and support
Review the Privacy Policy before using the plugin. For setup help or to report an inaccurate result or security concern, use the Support page.