bradwieser Cornell Fan Member since May 2008 8702 posts
Chase Mortgage Rate Reduction Program - received via fedex overnight delivery (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?
re: Chase Mortgage Rate Reduction Program - received via fedex overnight delivery (Posted on 6/15/11 at 10:35 pm to tirebiter)
Banks offer this from time to time for good paying customers with higher rates. This keeps the customers with them and keeps them from refinancing with someone else. Closing cost ain't shite compared to what the bank makes in interest over the life of the loan. A friend of mine did it with Wells and it was 100% legit. Sign it and send it back and i think it is done Good luck