How do these lending companies work? offering lower interest rate?

  • Thread starter Thread starter silver wings
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silver wings

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I have a mortgage with 6.375% interest rate with Chase, I have contacted another lending company that can offer me 5.375% interest rate through the same company- Chase. He told me though that if I would call Chase directly they would not be able to offer me this low rate because they work "al par"? what does this mean? how does this work?
 
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