Big news yesterday from Costco. Or was it? In case you missed the story, Costco announced a partnership with several lenders to offer home mortgages through their website. As a loyal “Costcultist” I was very curious to see how their rates would compare to what I have to offer so I ran a refinance scenario using my “executive” membership rate. Here were the results:
Their fees do not include title fees.
Based on my pricing I can offer the same rates and my closing costs are actually a little lower!
So keep shopping for your big screen TVs and tires at Costco but stick with a local professional for your mortgage. Feel free to check out the other guys, but come back for personal, professional and local service. I will happily walk you hand-in-hand through the home purchase or refinance paperwork.