Posts by nimbleranger25

Jonathan Ward59 said:So, I’ve actually dealt with JPMorgan Chase before, specifically their Austrian branch
I took out a $50,000 loan from them about a year back
Local banks here wouldn't touch me—too many excuses, things like not having enough reported income, being a single parent with two kids, or some nonsense about being near the social safety net threshold
Honestly, I don't even know half the hoops they try to make you jump through, so I just turned to Austria instead
It was easy; based on the house I put up as collateral, I could have easily pulled $75,000
Instead, I went with $50,000 over a 15-year term, and my monthly payment sits at around $658, which includes life insurance
I don't have the exact numbers for the appraisal costs, and legal fees were pretty standard—most people end up hiring their own lawyer anyway
The commission was 6%
They didn't make it a massive ordeal like the banks here do, and everything was finalized in about a month and a half
All in all, I'm satisfied
though if I had tried to do this locally, my monthly payment would probably have been closer to $667 over a 25-year stretch

Seriously, please, if you ever find yourself back on this forum, let me know the details of the broker who made that loan happen for you.
I would pay a fortune to find someone that talented.
I'd be eternally grateful for the help.

Eric Rodriguez31 said:Does anyone here have experience dealing with this kind of setup?

So, I’ve been approached by a broker—who, let’s be honest, is clearly just working for a commission—about securing a loan through JPMorgan Chase, but not through their domestic branches. Apparently, it would be coming out of their Austrian division. This same guy claims to handle everything from the appraisal to the paperwork, asking for standard stuff like pay stubs, tax returns, and so on. It’s a mortgage on a property with a 15-year term, offering decent interest rates and a 2:1 loan-to-value ratio, which, compared to how most major US banks operate, actually looks pretty favorable. On top of that, he’s guaranteeing a much smoother and faster turnaround than what you'd typically see stateside—maybe three to five weeks. I'm just wondering if anyone has run into this before. Is this legitimate, or am I looking at some shady business?

Could you please share the contact info for that broker? Honestly, I can never seem to find a real commission-based professional. All I run into are those scammers from the classified ads who claim they work for the banks. They say they don't charge fees, but they never actually close the loan; they just drag their feet indefinitely.
I would be incredibly grateful for any information you can provide.