I don't care about the perks it provide, just curious about how is the investment service of jp morgan? thanks!
Best perk for me is portfolio loan on mortgages. It’s honestly the only reason I put some money with them. This is very useful for a RE investor as it avoids the FNM rules on mortgage thresholds and aggregates
What is portfolio loan on mortgages?
A portfolio loan is held by the bank and not sold to Fannie/Freddie so they don’t have to meet the archaic securitization guidelines of those institutions.
It’s worked out for me. Averaged 30% in a managed account for the past 2 yrs
Do you need a minimum balance to use them?
Yep 200k