SIGforum
Has anyone orginated a home loan through Costco's mortgage program?

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February 19, 2018, 10:18 AM
SigM4
Has anyone orginated a home loan through Costco's mortgage program?
Wondering if anyone used one of their listed partners and if it truly cut down on the fees?


Success always occurs in private, and failure in full view.

Complacency sucks…
February 19, 2018, 10:54 AM
cas
Can you get one mortgage, or do you have to get a bulk pack of like eight or twelve?


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Sliced bread, the greatest thing since the 1911.

February 19, 2018, 11:02 AM
Rey HRH
I can't imagine them to be worse than what you can get elsewhere.

I think it still comes down to making sure you understand any fees they attach to the plain interest rate.

I think Costco is motivated to get as big a share of their customers' wallets that they can and they know they can only do that by giving a quality product.

Two things I recently learned: Their hotdog and soda deal for $1.50 has never changed in price while still maintaining a high quality.

Their Costco branded hearing aids have consistently improved while decreasing in price over the years. They started out at $2000 a pair and now it's $1600 a pair. And it's comparable in quality to the $2700 brand hearing aids they also carry.


"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
February 19, 2018, 01:08 PM
cndrdk
Why would I want a home in Cuba?
February 19, 2018, 01:55 PM
HRK
quote:
Originally posted by cas:
Can you get one mortgage, or do you have to get a bulk pack of like eight or twelve?


Jumbo loans only Big Grin

I would investigate, check the fees and costs and compare them to other services.
February 19, 2018, 01:59 PM
TXJIM
A broker, or two or three, have agreed to kick some points to Costco on loans originated through the program. Although Costco may have vetted these brokers, I doubt the deal is by default the best deal you can get. Whatever rate, term, points etc they quote should get shopped by you to at least one lender outside the Costco program.


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“I'd like to know why well-educated idiots keep apologizing for lazy and complaining people who think the world owes them a living.”
― John Wayne
February 19, 2018, 02:49 PM
arfmel
quote:
Two things I recently learned: Their hotdog and soda deal for $1.50 has never changed in price while still maintaining a high quality.



I enjoyed one of those yesterday. A fine value.