Chase Mortgage Rate Reduction Program - received via fedex overnight delivery | TigerDroppings.com

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bradwieser
Cornell Fan
Member since May 2008
8808 posts
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Chase Mortgage Rate Reduction Program - received via fedex overnight delivery


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?







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LSU510
LSU Fan
Denham Springs
Member since Sep 2005
98 posts

re: Chase Mortgage Rate Reduction Program - received via fedex overnight delivery


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.





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horndog
LA-Monroe Fan
*edited by ADMIN
Member since Apr 2007
10936 posts

re: Chase Mortgage Rate Reduction Program - received via fedex overnight delivery


I did it and know several people who did it. Theres no strings attached. It cut my interest by $50 per month.





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ProudLSUMom
LSU Fan
Baton Rouge
Member since Sep 2007
2417 posts

re: Chase Mortgage Rate Reduction Program - received via fedex overnight delivery


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.



This post was edited on 6/15 at 12:16 pm


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bradwieser
Cornell Fan
Member since May 2008
8808 posts
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re: Chase Mortgage Rate Reduction Program - received via fedex overnight delivery


nice, thanks for the info folks







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LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
4856 posts
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re: Chase Mortgage Rate Reduction Program - received via fedex overnight delivery


Is your house already financed with chase or do you have accounts with them? I'd like to get in on this if possible.





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cjared036
Alabama Fan
Houston, tx
Member since Dec 2009
6261 posts
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re: Chase Mortgage Rate Reduction Program - received via fedex overnight delivery


It is only for loans currently held by chase. But All the big banks are doing it. Nothing new not a scam.





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lsubandmom
LSU Fan
Lafayette
Member since Oct 2007
820 posts

re: Chase Mortgage Rate Reduction Program - received via fedex overnight delivery


My ex called me about this the other day, they had offered the same thing to him. I told him to jump on it.





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tirebiter
LSU Fan
ATL
Member since Oct 2006
5162 posts

re: Chase Mortgage Rate Reduction Program - received via fedex overnight delivery


quote:

It is only for loans currently held by chase. But All the big banks are doing it. Nothing new not a scam.


Makes me question the quality of the existing loan documentation that the TBTF banks are offering to refi out of the goodness of their hearts.






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David Wooderson
LSU Fan
in make believe
Member since May 2009
239 posts

re: Chase Mortgage Rate Reduction Program - received via fedex overnight delivery


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






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donRANDOMnumbers
New Orleans Pelicans Fan
Lafayette Rouge
Member since Nov 2006
12092 posts

re: Chase Mortgage Rate Reduction Program - received via fedex overnight delivery


I got this. Went from 4.25% to 3.75.





This post was edited on 6/15 at 11:55 pm


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