Lender lures real estate borrowers with price guarantee

Schwab offers $500 if it can't beat another lender's price

Think of Charles Schwab and the first thing that comes to mind is investments, or perhaps retirement planning. But mortgages?

That’s precisely what the financial services company has been offering for about the past year. Last April, it launched the Charles Schwab Bank, which offers consumers an array of mortgage and home equity products.