Rate Match Guarantee

iQRATE Mortgages Rate Match Guarantee: We'll Match It or Pay You $1,000!

At iQRATE Mortgages, we're confident we can offer you a great mortgage rate. With our Rate Match Guarantee, you can lock in your rate with peace of mind. If you find a better-qualified rate from a competitor, we'll either match it or give you $1,000 after you close your loan with that competitor.

How Our Rate Match Guarantee Works:

1. Lock Your Rate with Us: To be eligible, you must first lock your interest rate with iQRATE Mortgages for your purchase or refinance first mortgage.

2. Submit Competitor's Offer: If you find a better offer elsewhere, you must provide us with the competitor's official locked Loan Estimate (LE) AND their Rate Lock Agreement within three (3) calendar days of locking your rate with iQRATE Mortgages.

o The competitor's rate must also be locked.

o The date on the competitor's Loan Estimate and the effective date of their rate lock must both be within three (3) calendar days of the date you locked your rate with iQRATE Mortgages.

o Please Note: An initial Loan Estimate from a wholesale lender or mortgage broker is only acceptable if the "Lender Information" section on the LE is fully completed. No other documents can be accepted as proof of the competitor's terms.

3. Identical Loan Terms Required: The competing loan offer must be for the exact same loan terms as the loan you locked with iQRATE Mortgages, including but not limited to:

o Loan program and term (e.g., 30-Year Fixed Conventional)

o Loan amount

o Appraised value and Loan-to-Value (LTV) ratio

o Discount points

o Property type (e.g., single-family, condo)

o Occupancy type (e.g., primary residence, second home)

o Presence or absence of mortgage insurance (MI)

o Lock-in period

What Happens Next?

• If We Match: If the competitor's offer qualifies and we match it, you proceed with your loan through iQRATE Mortgages at the matched rate.

• If We Can't Match (and you close elsewhere): If we cannot match the qualifying competitor's offer, and you subsequently close your loan with that original competing lender based on the terms provided, iQRATE Mortgages will pay you $1,000.

How to Claim Your $1,000:

To receive the $1,000 payment, you must:

1. Successfully close your loan with the original competing lender whose locked offer we could not match.

2. Submit a signed, executed copy of the final Closing Disclosure (CD) AND a copy of the final Mortgage Note from that closed loan to iQRATE Mortgages.

3. These documents must be received by iQRATE Mortgages within thirty (30) calendar days of your closing date with the competing lender.

Once we receive and verify the required documents, iQRATE Mortgages will mail a check for $1,000 to you within thirty (30) calendar days.

Important Terms & Conditions:

• This guarantee is available for purchase and refinance first mortgage loans brokered through iQRATE Mortgages. Certain loan product exclusions may apply.

• The guarantee is void if the terms or conditions of your loan application with iQRATEMortgages or the competing lender change prior to closing.

• The guarantee may be voided if the loan does not close within the original lock commitment period.

• This offer is non-transferable.

• The recipient is solely responsible for any potential tax liability arising from receiving the $1,000 payment. We recommend consulting a tax advisor.

• iQRATE Mortgages reserves the right to modify or discontinue this program at any time without prior notice, except for rate match requests already submitted under the program terms.

• This guarantee is not a commitment to lend. All loans are subject to credit approval, underwriting approval, and property eligibility.