Chase Mortgage Rates

2007-09-25 14:12:16

( Financial )



To be a homeowner is a dream everyone wants to realize. When your financial boundaries set limits to that, you would rather push a little more and find a stable financing company to back you up. Chase Home Finance may offer just what you are looking for. The name alone serves as your assurance that you have made the right choice of company.

Your home is your collateral in a mortgage loan. In a Chase mortgage, your monthly basic payment includes the principal sum borrowed plus interest, taxes and insurance. There are different types of mortgages to suit your needs. It’s pertinent to select the kind according to your financial status, preferred payment terms and applicable rate mortgage.

Chase mortgage rates may vary if you choose to deal with a local Chase mortgage branch office or apply online or by phone. Should you opt for the latter and decide to work with Chase’s telemortgage center, you can choose one of the four products being offered. All of which caters to conforming and non-conforming loans. In layman’s terms, a conforming loan adheres to the guidelines set by the Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC) while a non-conforming loan does not conform to FNMA or FHLMC due to excessive amount of loan or unmet criteria.

Two of the four Chase mortgage rates options are fixed-rate mortgage with an invariable interest rate for specified number of months. The second set offers flexible mortgage rates with constant interests depending on the deal you chose, adjusted every subsequent year. All of which are non-convertible and waived of prepayment penalty. The Chase website offers well laid out information on the products and payment terms. Familiarize yourself with the terms defined before signing a deal.

Find out more about Chase mortgage rates and see how it works to take the word dream out of your dream house.


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