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Summary
Transcript
And then I want to highlight too, if you’re thinking about refinancing or buying a home or buying a rental, massive sale on both courses, the mortgage master course and the investor mortgage pro course, links down below both courses are $199 total. Alright, so the story is that Chase now is rebooting its mortgage rate sale, this time on purchases and refinances. So they’re doing both. So last summer, Chase Home Lending announced the mortgage rate sale, something practically unheard of in the mortgage industry. This week, Chase is now rebooting the sale and expanding it to include purchase and refinance home loans.
I believe what’s happening is that Chase knows that there is go about to be an event where there is a downturn in the market. And what Chase wants to do is grab people at these higher rates and give them a sale, right? But it comes as an acquisition cost, a customer acquisition cost, because they want to hold on to them during this next downturn and be able to control what products they put in front of them to build the bank even bigger. You know, you’ve heard the term too big to fail, right? When the stock market tanks, companies that did business poorly, just get bigger because the government ends up ultimately bailing them out because they’re afraid of people losing their jobs, right? Chase knows and they took huge advantage of the 2008 downturn and were buying assets for pennies on the dollar all over America, right? And I think what they’re doing is they’re positioning themselves early now to get customers during what they believe is a good time or an okay time in the economy.
And then during the downturn, they’re going to be that more powerful during the downturn of the banks. Now it says here, Chase Lending is offering, you know, limited time rate discounts to eligible homebuyers through specific dates, right? Through March 8th. So it’s a limited time. I really do believe, here it says right here, during this rate sale, buyers and homeowners can access personalized interest rate discounts to help lower monthly payments, the press notice says. I really believe that this is a customer grab prior to a downturn in the economy, which is going to lead to lower rates.
But if they could get people locked in now before that event happens, they’re going to be that much more powerful and they’re going to have that much more money to be able to buy up other banks assets. So before you go out and start studying mortgages because it’s so easy to overspend five or eight thousand extra dollars during a refinance or during a mortgage, an initial mortgage pullout when you’re buying a home. So learn all about it. If you want to learn from me, both courses, we have not had this price since the courses were created a little while ago.
So have a great day. Keep Vigilant. The Economic Ninja is out. [tr:trw].
See more of The Economic Ninja on their Public Channel and the MPN The Economic Ninja channel.