By MyBankTracker  Updated on Mon Nov 1, 2010

PNC $50 Mortgage Bonus

 

PNC Bank is throwing in an easy-to-earn incentive with its mortgages: $50 for turning in your paperwork promptly. If you take out a home loan at PNC, you can receive $50 just for turning in your necessary filing documents within three days of applying for the loan.

How the Deal Works

This deal is simple: Just apply for a mortgage at PNC like you usually would. If you act fast and submit any missing documents within three days, you’ll earn a $50 bonus from the bank. If the mortgage underwriters at PNC require even more documentation, they’ll give you five days extra after their request.

In addition to your $50 bonus, PNC will shell out $500 if it does not close your loan before a preset closing date. According to PNC’s Terms and Conditions, this gives the bank between 22 and 45 days to process your loan.

Learn more about the PNC Bank mortgage special offer.

PNC $50 Mortgage Bonus

Fine Print

This deal only applies to mortgages, not Home Equity Line of Credit; FHA 203k; Rural Housing; Housing Finance Bonds; Grants; down payment assistance programs; State or Local tax credits; Reverse Mortgages; or loans that require subordination of a second lien. This PNC mortgage offer is valid for residents of DC, DE, FL, IL, IN, KY, MD, MI, MO, NJ, OH, PA, VA, and WI.

Our Thoughts

This is an easy deal to capitalize on. While a $50 prize alone shouldn’t be enough to convince you to buy a home, you might want to consider a PNC home loan in order to redeem the bonus.

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