Hey guys! Pardon my ignorance, but could you check out this link and tell me how this is not a violation of something? Navy Federal does the same thing. To me, it amounts to a kickback. However, VA loans do allow lowering debt as a part of closing costs.
And if this is A-OK, why aren’t more lenders doing this?
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Good for you guys providing facts and pushing back on the Listing Booster “compliant” As I say “ask more and better questions”
Hey guys! Pardon my ignorance, but could you check out this link and tell me how this is not a violation of something? Navy Federal does the same thing. To me, it amounts to a kickback. However, VA loans do allow lowering debt as a part of closing costs.
And if this is A-OK, why aren’t more lenders doing this?
https://www.usaa.com/inet/wc/bank_real_estate_rewards_network_main
Thanks!