ILC2 wrote: ↑Fri Jan 22, 2021 8:13 pm At what point is the relationship pricing adjustment made?
I got a quote for 2.875 from Citi before relationship pricing. I told them I will deposit 750k for the .375 discount to bring it to 2.50.
When filling out the mortgage application, will my application say 2.875 until the end when they check my Citi balance and adjust for the .375 bringing it to 2.50? Or will my loan application show 2.50 from the beginning and then they adjust upwards if I don't bring over the 750k?
Thanks and this is such a useful forum. I can't believe I just discovered it after using sites like slick deals for like two decades.
You lock at 2.875% and then once your transfer is complete, about 10 days before closing, the rate is adjusted down to 2.5%