Chase Mortgage
Mortgage products of every kind
Chase Mortgage is part of the JP Morgan Chase & Co. financial services conglomerate. The company has over $1.4 trillion in assets and Chase Mortgage is an integral part of their Retail Financial Services division, one of six operated by the company.
Chase Mortgage offers home loansfor every type of homebuyer from the first-time buyer to the very rich, and everything in between. One of the areas they specialize is second home financing, a growing trend in America. Not only do they offer help to those buying a vacation home, they provide interest only loans making a second home purchase more affordable.
The two most common loans Chase provides are fixed rate and adjustable rate mortgages. Since the gradual increase in interest rates in 2005 and 2006, the adjustable rate loan has become far less popular then a few short years ago when the ARM market share had grown to 33 percent of the total mortgage business. That number has since dropped into the teens. Clients want security.
Chase Mortgage has the financial wherewithal to provide the most flexible, custom-built mortgage service. The company’s size certainly helps when it comes to accommodating all types of people including those with low to moderate incomes. They have several programs that allow for lower down payments and other innovative financing arrangements not available at some other banks.
In addition to traditional mortgages, Chase offers both home equity loans and lines of credit, available interest only depending on your income and credit history. The line of credit provides a variable rate loan that you can draw upon as necessary. The home equity loan, on the other hand, provides a lump sum amount that you then repay on a fixed schedule. Both types of loans borrow against the equity in your home.
Chase has what they call the EZ Purchase program for those who need or want a mortgage and a line of credit simultaneously. Often, clients who have another large purchase, use this program to provide funds at a time when expenses are unusually high. The flexibility can be quite useful.
