Chase cash back loan no deal
Bankaholic did a comparison of a Chase cash back loan (which gives you back 1% of each years mortgage payments) with comparable 30 year fixed mortgages from other banks and found that they were no deal given all the Chase cash-back loans came with 1% in up-front points.
But I probably could have told you that without any analysis. 1% is an incredible small amount to get back. Let’s say you pay roughly $3,000 in interest per month or $36,000 per year, that would get you only $360 back at the end of the year.
Fees & charges | admin April 11, 2010
