Mortgage lenders are racing to close on home loans within a few weeks and if they fail to deliver, some borrowers can expect a cash payment. Chase Home Lending recently announced it will pay borrowers $1,000 if it doesn’t close on a mortgage in 21 days, while Brooklyn-based Eave will offer up to $100,000 if it fails to deliver, according to the Wall Street Journal. This comes amid recent drops in mortgage rates, which have […]
source https://therealdeal.com/miami/2019/03/27/fast-money-lenders-race-to-close-on-home-mortgages/#new_tab
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