What happened to the citi biglaw mortgage rate program? I thought they were supposed to have below market rates but they seem high

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Their rates were much higher than what I was able to find on my own. Definitely shop around. There was a time when they had below market rates but they are not competitive at all anymore for fixed rate mortgages.

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Citi restructured the division. They call it wealth at work now. With the expansion of their program it became less competitive. Curious if partners get different rates

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The partners at my firm get better rates (not crazy better, but at least 25 basis points, maybe more).

They are barely under market now, but their real benefit is being able to put 10% down with no PMI

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And being able to do a rate modification down the road for less than the cost of a refinance.

I'm wondering if the firm you're at changes things, because I got a pretty good rate that no other bank was able to match and this was last August

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I got 6% from Citi last April. I missed locking in at 5.65% at the end of March by a week. Brutal. The rates aren't very competitive anymore, but there are other benefits like not requiring very much documentation for underwriting (I rate shopped with a few other lenders and had to fill out several annoying worksheets), no PMI if you can't put down 20%, being able to a rate modification (keeping your current amortization timeline and paying less fees than a refinance), etc.

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Just went through the process and was able to get a way better rate with someone other than Citi

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Who?

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Yeah I got offered 6.1 a few months ago which was barely under market.

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