How is feedback of Chase mortgage for employees?
Is there any percentage discount on interest for us?
Do you recommend a non-Chase mortgage?
8 replies (most recent on top)
Who cares? They all get sold to Wells Fargo anyway.
The rates are great and so move forward amiga
I used to work in mortgage lending before I escaped in 2020. I couldn’t get a loan officer to call me back when I tried to refi, and I was in the very thick of it!! My recommendation as a former underwriter, they are very expensive. Try your local credit union or community bank and shop around.
You need to shop round and find out what rate other lenders are offering.
Here is what I did - Check out Costco Mortgage Service. They (or their partners) are the only company who publishes the exact rate that you will get based on your credit profile.
From there, you should reach out to other lenders and see if they can match that offer.
Remember every lender will tell you "we don't sell your loan and cr**p". Don't believe them. If you have conforming loan, it will be sold to agencies.
Lastly, Very Important - Everything is Negotiable
Good luck!
IMO you need to do some ground-work to get the best rate.
The initial quote provided is never the final rate. I was able to get Chase to match the rate I was quoted from other lender/credit unions. They also guarantee to close in 21 days unlike some other lenders that I checked with. They were also prompt in replying to queries. For urgent matters, I would ping them on Skype or shoot an email with their manager's cc'd (perks of having access to phonebook).
My experience with Chase Mortgage was good and am happy with the rate I eventually fixed.
TLDR: You don't need to be an employee at chase to get .25% discount. They match the rate from other lenders.
Use credit unions for car loans too
Have to agree.. go with your local credit union for best rates and lowest fees.
It’s a 0.25% discount on the APY. Way not worth it. You would be d-mb if you got the mortgage with chase. Go with a mortgage company and get a realistic APy instead of being price gouged.