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Message
Chase Mortgage Rate Reduction Program - received via fedex overnight delivery
Posted on 6/15/11 at 9:29 am
Posted on 6/15/11 at 9:29 am
So i received a packet from chase to participate in their Mortgage Rate Reduction Program. They sent it overnight fedex and say i have to respond within the next few days to get my locked in lower rate (4.8%).
Apparently they pay all the closing costs and any other costs/fees.
I called and it sounds legit but seems a little to good to be true.
Anyone have any experience with this? Anything i need to be concerned about?
Apparently they pay all the closing costs and any other costs/fees.
I called and it sounds legit but seems a little to good to be true.
Anyone have any experience with this? Anything i need to be concerned about?
5
Posted on 6/15/11 at 9:51 am to bradwieser
I received this too and was wondering the same thing. I have been meaning to call and check the legitimacy of it but have not had time.
Posted on 6/15/11 at 12:06 pm to bradwieser
I did it and know several people who did it. Theres no strings attached. It cut my interest by $50 per month.
Posted on 6/15/11 at 12:14 pm to bradwieser
Like you, we thought it was too good to be true, but it isn't a scam.
It was painless and there were no closing costs. They even had a notary come to our house to do the closing at a time convenient for us.
We also opened a checking account with them and have the mortgage payment drafted from there each month. We will get a 1 percent rebate (based on the mortgage payment) back at the end of each year.
It was painless and there were no closing costs. They even had a notary come to our house to do the closing at a time convenient for us.
We also opened a checking account with them and have the mortgage payment drafted from there each month. We will get a 1 percent rebate (based on the mortgage payment) back at the end of each year.
This post was edited on 6/15/11 at 12:16 pm
Posted on 6/15/11 at 2:48 pm to bradwieser
My ex called me about this the other day, they had offered the same thing to him. I told him to jump on it.
Posted on 6/15/11 at 11:54 pm to bradwieser
I got this. Went from 4.25% to 3.75.
This post was edited on 6/15/11 at 11:55 pm
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