Monday, December 3, 2012

Would you get a mortgage from Walmart?

Would you take out a mortgage from Walmart? Turns out about one-third of you would at least think about it, according to a study from Charlotte-based Carlisle & Gallagher Consulting Group.

The company found that 80 percent of people would consider a mortgage from a non-bank. One-third would consider a mortgage from Walmart, and nearly half would take one from PayPal.

It's not as crazy as it sounds. Walmart has been steadily increasing its financial services offerings.


Anonymous said...

Sure. Money is a commodity, so why not get it from whoever provides it at the lowest cost.

Mortgages are pretty ridiculously priced today, especially refinances.

Maybe Walmart can streamline the process and reduce the cost to around $500 for a refinance which is probably all it should cost.