Costco Members Just Lost a Big Perk

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Money expert Clark Howard is a big fan of Costco Wholesale because of the cheap prices it offers on things like eyeglasses, gas and tires as well as its many other ways to save.

But Costco has just removed one of its member benefits: an online mortgage marketplace where members could compare quotes from select lenders and get preferred pricing on loan origination fees.

Here’s What’s Happening to Costco’s Mortgage Program

Costco discontinued its mortgage program as of May 1, 2022, according to the chain’s website.

Costco has yet to divulge why it’s ending this service.

What To Do if You Have Questions

If you have questions about a mortgage you got through Costco’s program, the company says you need to contact your lender directly.

Although Costco is out of the mortgage business, the company still offers plenty of perks for its members, including a car-buying program and timely deals.

Wondering if a Costco Executive membership is worth it? Read this.

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