![]() Qualifying assets are based on Schwab brokerage and Schwab Bank combined account balances, including:ī) Traditional, Roth, and Rollover Individual Retirement accounts (IRA)* - individually owned or inherited (excludes Educational & Custodial IRAs) ĭ) Non-Retirement Business Corporation, LLC, Partnership and Sole Proprietorship accounts may be eligible depending on the borrower's ownership and role (excludes business retirement accounts such as Simple IRA, SEP IRA & Pension Trust). Discount for ARMs applies to initial fixed-rate period only. Discount applies to ARMs, Jumbo 15-yr and Jumbo 30-yr fixed (excludes HELOCs, VA loans, and FHA loans). Select mortgage loans are eligible for an interest rate discount of 0.25% - 1.00% based on qualifying assets of $250,000 or greater. For Schwab Bank Investor Advantage Pricing (IAP): Loans are eligible for only one Investor Advantage Pricing discount per loan. Interest rate discounts cannot be combined with any other offers or rate discounts. This offer is subject to change or withdraw at any time and without notice. Other conditions and restrictions may apply. Loans are subject to credit and collateral approval. Nothing herein is or should be interpreted as an obligation to lend. In order to participate, the borrower must agree that the lender, Rocket Mortgage, may share their information with Charles Schwab Bank and Charles Schwab Bank will share their information with the lender Rocket Mortgage. You will need to complete the credit application and provide your income, asset, and credit documentation for review in order to get preapproved. What documents do I need to provide to apply for Mortgage First? Additionally, being preapproved up front can give you a competitive advantage in the market. What is the advantage to being preapproved?īy providing documentation up front and getting preapproved, you will have confidence while shopping for your house knowing that you've already been preapproved for financing. Mortgage First is a preapproval program that allows you to get preapproved on your home loan before you start shopping for your new home. For additional details please visit and log into. *Clients of Independent Investment Advisors: Qualifying assets are based on Schwab and Schwab Bank combined non-retirement account balances. (excludes business retirement accounts such as Simple IRA, SEP IRA & Pension Trust). (Educational & Custodial IRAs are not eligible) Ĭ) Bank accounts in which the borrower(s) is an owner or trustee: checking & savings ĭ) Non-Retirement Business Corporation, LLC, Partnership and Sole Proprietorship accounts may be eligible depending on the borrower's ownership and role. Qualifying assets 1 are based on Schwab brokerage and Schwab Bank combined account balances, including:Ī) Brokerage accounts in which the borrower(s) is an owner, trustee or custodian ī) Traditional, Roth, and Rollover Individual Retirement accounts (IRA)* - individually owned or inherited. This offer is not valid on Home Equity Lines of Credit. Select purchase and refinance loans are eligible for an interest rate discount of 0.25% - 1.00% based on qualifying assets of $250,000 or greater.ĭiscount for ARMs applies to initial fixed-rate period only. This interest rate discount cannot be combined with any other offers or rate discounts. With Investor Advantage Pricing, you could save on your monthly mortgage payments, which gives you more freedom to invest. As a Schwab investor, you have unique financial goals. Schwab Bank's Investor Advantage (IAP) Pricing offers exclusive mortgage rate discounts for Schwab clients on eligible home loans. What is the Investor Advantage Pricing program? ![]() ![]() Get answers to common questions from homebuyers like you. Environmental, Social and Governance (ESG) Investing.Bond Funds, Bond ETFs, and Preferred Securities.ADRs, Foreign Ordinaries & Canadian Stocks.Environmental, Social and Governance (ESG) ETFs.Environmental, Social and Governance (ESG) Mutual Funds.Benefits and Considerations of Mutual Funds.
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