The Lowest Interest Rate Guarantee
BANKIRR is best known for one thing: The Lowest Mortgage Interest Rate Guarantee. Many people ask how can you guarantee your rate will be lower? This guarantee is not a marketing slogan. It is our mission that we pursue everyday.
To sustainably meet that mission, we leverage these 6 factors that give us a competitive advantage when pricing mortgages.
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We only work with borrowers who already have a current Loan Estimate.
This reduces the time and cost required to prepare a loan and enables more competitive pricing. -
No lengthy applications since we extract information directly from the current Loan Estimate.
This allows us to move faster. Many borrowers do not know that loans that close fast have the lowest rates. -
Our overhead is lower because we do not pay for advertising or pass along acquisition costs to borrowers.
This keeps pricing lean and closer to par value. -
We work with a network of 30 lenders because no single lender can always have the lowest rate.
This means we are not beholden to any lender but can rotate to the lender offering the most competitive rate for your loan. - When you submit a Loan Estimate from another lender, we can see exactly how that loan was priced. That lets us turn your current offer into a better one with a lower rate.
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Finally, the presence of an existing offer nearly always prompts new lenders to price more aggressively to win the loan.
Research from Freddie Mac and the Consumer Financial Protection Bureau proves that the first offer is almost always "overpriced".
Why BANKIRR Exists
Research from government and academic institutions consistently shows that borrowers benefit from comparing multiple mortgage offers. Despite this, about half of homebuyers still accept the first Loan Estimate presented to them.
The reasons are understandable. Mortgage shopping is time consuming, Loan Estimates are difficult to compare, and most borrowers are navigating the process under tight deadlines while trying to close on a home.
BANKIRR was created to simplify this process and make rate competition routine. Borrowers can initiate rate competition with just three clicks (browse, upload, submit) your current loan estimate to have a counter offer as soon as the next business day. Instead of relying on a single lender quote, borrowers can introduce a competing offer into the transaction. When lenders know competition exists, pricing becomes more aggressive and borrowers benefit.
Success for us means borrowers consistently obtain second offers, lender margins compress and interest rates move closer to their true market level.
This is the same economic principle that improved pricing transparency in industries such as travel booking, insurance comparison, and online retail.
How BANKIRR Works
The easiest way to take advantage of the BANKIRR guarantee is by uploading your existing Loan Estimate for comparison. Or if you are considering refinancing, you can also submit a current refinance Loan Estimate. Both services are designed to be quick and efficient to keep borrowers on schedule to close.
Step 1: Upload Your Current Loan Estimate in 3 clicks
Borrowers begin by submitting a current Loan Estimate from another lender through the BANKIRR website. This happens with just three clicks (browse, upload, submit). We don't require a new application because we pull the needed information off the existing loan estimate.
Step 2: Deconstruct your original Loan Estimate
BANKIRR deconstructs your first Loan Estimate and builds it back up in the most efficient way possible. We reduce costs, remove excessive margins, and review the overall structure of the offer for opportunities to lower the rate.
Step 3: Introduce Competition
We gather real-time rates from a network of 30 lenders and reconstruct your loan estimate with the lowest rate available.
Using the BANKIRR Guarantee
If you are purchasing a home, visit the Mortgage page to upload your loan offer and check whether a lower rate exists. If you are considering refinancing, you can also submit a current refinance Loan Estimate. Visit the Refinance page to upload your offer and compare refinance terms. Both services are designed to be quick and efficient to keep borrowers on schedule to close.
Research and Transparency
BANKIRR operates at the intersection of mortgage brokerage and independent research.
On the BANKIRR blog we publish real case studies and research examining Loan Estimates from many different lenders to better understand market pricing. The BANKIRR Research Blog is a public record to promote transparency in a market where pricing differences are often difficult for consumers to observe.
Contact Us
Have questions about mortgage rates, the BANKIRR guarantee, or opportunities for research? We are here to help.
Email: info@bankirr.com
If you are ready to check whether a lower rate exists, upload your Loan Estimate through our Mortgage page or compare refinance offers on the Refinance page.
Next Step
If you are ready to check whether a lower rate exists, upload your Loan Estimate through our Mortgage page or compare refinance offers on the Refinance page.