home equity loans

home equity loans:

All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply..... 

The Best Rate Home Equity Line of Credit features variable rates based on the Prime Rate (as published in The Wall Street Journal) which as of 1/4/13 range from 4.24% APR to 6.25% APR for line amounts of $50,000 to $99,999, and from 4.24% APR to 5.74% APR for line amounts of $100,000 to $250,000 (to $500,000 for IN and WA).  Rates vary depending upon credit line amount, lien position, and collateral location; please inquire about available rates in your area, and about rates for line amounts less than $50,000.  Lifetime APR will not exceed 21%.  Borrowers who secure a new Home Equity Line of Credit by collateral located in AZ, CA, CO, CT, FL, GA, ID, IN, KY, LA, MI, NJ, NV, NY, OH, OK, TX, UT, WA, WI, or WV can qualify for a .25% rate discount with a new or existing Chase personal checking account, or they can qualify for a .50% rate discount with a new or existing Chase Premier Platinum checking account. A .50% rate discount is available for borrowers with a new or existing Chase Private Client checking account.  The rate discount cannot be combined with any other offer. Stated rates apply to lines secured by single family owner-occupied residences (includes single family homes, townhomes, row homes, condominiums and co-ops).  Florida condominiums are not currently accepted as collateral. Ask us about our collateral and combined-loan-to-value (CLTV) ratio requirements to be eligible for these rates. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well. The product requires an origination fee of $50, which may be financed (for TX homestead properties, the origination fee may not be financed). The Best Rate Line of Credit may not be used to purchase the property being used as collateral. Borrower is responsible for a $50 annual fee after the first year, except for TX Homestead properties. Borrowers with a Chase Premier Platinum checking account or a Chase Private Client checking account can qualify for no annual fee. In AL, FL, GA, KS, the Orleans Parish of LA, MD, MN, NY, OK, TN and VA only, you will be required to pay for City/County/State Taxes and Stamps estimated to be $105-$3,825 ($750-$5,095 in NY), which may also be financed. The Best Rate Home Equity Line of Credit is not available in IL and OR.  Chase Home Equity lines of credit are not available in AK, HI, and SC.

The Chase Home Equity Line of Credit with the Annual Renewal feature offers variable rates based on the Prime Rate (as published in The Wall Street Journal), which, as of 1/4/13 range from 4.62% APR to 5.75% APR in IL and from 4.80% APR to 6.05% APR in OR for line amounts of $50,000 to $99,999, and from 4.62% APR to 5.62% APR in IL and from 4.49% APR to 5.74% APR in OR for line amounts of $100,000 to $500,000. Rates vary depending upon credit line amount, lien position, and collateral location; please inquire about rates for line amounts less than $50,000. Borrowers who secure a new Home Equity Line of Credit by collateral located in IL or OR  can qualify for a .25% rate discount with a new or existing Chase personal checking account, or they can qualify for a .50% rate discount with a new or existing Chase Premier Platinum checking account. A .50% rate discount is available for borrowers with a new or existing Chase Private Client checking account. The rate discount cannot be combined with any other offer.  Lifetime APR will not exceed 21%. Stated rates apply to lines secured by single family owner-occupied residences (includes single family homes, townhomes, row homes, condominiums and co-ops).   Ask us about our collateral and combined loan-to-value (CLTV) ratio requirements to be eligible for these rates. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well. The Home Equity Line of Credit may not be used to purchase the property being used as collateral. Borrower is responsible for a $50 annual fee after the first year. Borrowers with a Chase Premier Platinum checking account or a Chase Private Client checking account can qualify for no annual fee. The Home Equity Line of Credit with the Annual Renewal feature is available only in the states of Illinois and Oregon. 

The Home Equity Line of Credit with the Annual Renewal feature is offered to customers who submit their application with a personal banker, in person, at a JPMorgan Chase branch located in Illinois or Oregon, or who apply online/through telephone banking and indicate in their application that their residential mailing address is in the state of Illinois or Oregon. With the annual review, we will be able to determine more quickly if there has been a change in either a credit situation or market conditions that may impact your or our ability to support the current Home Equity Line of Credit. Each year (for up to 9 years) on the anniversary of opening your line of credit, Chase will review your home’s current value as well as other financial data to determine if your line of credit should be renewed, reduced or increased.

The Home Equity Interest Only Line of Credit: Depending upon your credit profile, interest-only lines are available and provide for the payment of interest only during the draw period of your line, and payments of principal and interest during the repayment period. During the interest-only period principal is not reduced. At the end of this period, your monthly payment will increase, possibly substantially, even if the interest rate stays the same because you will be required to pay down the outstanding principal. Always consider paying more than the minimum payment to pay down the principal.

Lock Feature: Minimum lock amount is $1,000. Fixed lock rates are based upon the rate and term for a comparable Chase home equity loan. Locks are available only during the Draw Period.

HE Debt Consolidation Information: The amount you save on loan consolidation may vary by loan. Since a home equity loan or line may have a longer term than some of the bills you may be consolidating, you may not realize a savings over the entire term of your new loan or line. In addition, your loan or line may require you to incur premiums for hazard and, if applicable, flood insurance which would affect your monthly payment reduction. Federally Guaranteed Student Loans should not be consolidated because you will lose important federal benefits.

Availability of Card Access: Chase Equiline^SM Platinum Visa^® card is not currently available in CT, NY, PA, and for accounts secured with TX Homestead properties.

Home Lending and deposit products offered by JPMorgan Chase Bank, N.A.  Member FDIC.