BanxQuote® Policy

BanxQuote^® Policy

BanxQuote is strictly in the business of reporting information, as it is reported to us, in a timely manner.

We do not endorse any of the listed financial service providers. Links to external websites of financial service providers do not constitute an endorsement by BanxQuote or its media partners of the sponsors of such site or the products presented on such site.

BanxQuote adheres to the strictest guidelines for accuracy and honesty. Any financial service provider engaging in "lowballing" or "bait-and-switch" tactics will be promptly removed from the site until the issue is resolved. Repeat offenders will be permanently removed.

BanxQuote reserves the right to remove any listed financial service provider from this site, with or without cause or reason.

BanxQuote does not make any guarantee, express or implied, as to the accuracy of the information presented by the listed financial service providers.

Due to market fluctuations, interest rates are subject to change at any time and without notice.

Rates are posted by banks, lenders, and brokers, who have entered into a contract with BanxQuote. Additional information about participants can be found by linking to their own Web site.

Complaints regarding any listed institution should be forwarded to info@banx.com. All claims and inquiries will be investigated and kept confidential.

BanxQuote reserves the right to remove rates older than 7 days to avoid misleading users.

BanxQuote is compliant with regulation DD section 230.8 and Regulation Z Section 226.16.

APYs are disclosed in accordance with Regulation DD Section 230.4. Annual percentage yield is shown as "APY."

Money market accounts and money market notes have rates and APYs that may change after the account is opened.

Listed lenders must be Equal Housing Lenders.

BanxQuote information services are not advertisements for credit as defined by Section 226.24 of Regulation Z.

APR is calculated in accordance with Regulation Z Section 226.22. Annual percentage rate is shown as "APR."

BanxQuote acknowledges that certain loan rates and costs may differ by loan size. The maximum loan amount for a conforming mortgage is $417,000. A jumbo mortgage is in excess of $417,000.

Rates, APRs and fees are based on average loan amounts of $417,000 for conforming mortgages, $185,000 for FHA/VA mortgages, and $400,000 for jumbo mortgages. Rates, APRs and fees for Imperfect Credit are based on individual lender/broker requirements. Please see individual lenders/brokers for details.

Actual closing costs will vary with each loan. Please ask the lender or broker for a "good faith estimate" in writing for your individual loan requirements.

Loan rates/APRs listed are those that are offered to consumers with "good" credit characteristics, as defined by the institution offering the product. Rate/APR and terms may vary based on the creditworthiness of the individual.

Points include discount points, origination fees/points, loan fee, lock-in, flat fees and registration fees.

The following fees are included in APR: processing fees, lender-required doc prep fees, underwriting fees, third-party tax service, life-of-loan flood certification, notary fee, and lender-required courier, wire-transfer fees, escrow fees and 15 days of interest.

The following fees are not included in APR: appraisal fees, credit report, title insurance, title examination fees, hazard insurance, property surveys, attorney fees, recording fees, and third-party doc prep fees, PMI (since not all borrowers are required to pay this).

Where differences exist, mortgage rates are for purchases and not a refinance.

1-Year ARMs are fixed for the initial period and only change once per year. 1 month, 3 months or 6 months are not allowed.

5/1, 7/1 and 10/1 ARMs are fixed for the initial period, become 1-Year ARMs thereafter (1 month and 6 months are not allowed). These programs will amortize over the full 30 year period.