Anyone know Chase Private Client?
I don't care about the perks it provide, just curious about how is the investment service of jp morgan? thanks!
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DuQvV7x Oct 20, 2018Best 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
Google skillet Oct 20, 2018
What is portfolio loan on mortgages?
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DuQvV7x Oct 21, 2018A 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.
Google QNrQ72 Oct 21, 2018
What fee do they charge for managing investments?
Facebook Puha OP Oct 22, 2018
different rate applied for different amount of investment, from 1.4% to 0.x% , the higher invest the lower rate
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