Chase Bank (NYSE: JPM) offers a number of conventional mortgage loan packages for borrowers in the United States.
Chase Bank (NYSE: JPM) offers a number of conventional mortgage loan packages for borrowers in the United States. Potential customers must have strong credit standing and be willing to pay 1.00% of the total loan amount in origination fees to the lender in order to secure a loan. Chase’s mortgage interest rates have been updated for February 4, 2015, which are listed below.
Mortgage shoppers who are interested in conventional home loans, will see Chase’s 30-year FRM being offered at a rate of 3.750%. The loan is coupled with an annual percentage rate of 3.832%. Others, who believe the 15-year fixed home purchase mortgage fits the bill better, can expect to pay 3.250% in interest cost for this type of mortgage. The corresponding APR variable stands at 3.413%.
Besides the above mentioned mortgage loans, the lender also provides more flexible loan options for home purchase purpose. Now, the flexible 7/1 adjustable rate loan is quoted at a rate of 3.375% and the loan has an APR figure of 3.195%. As far as the 5-year ARM alternative is concerned, it can be locked in at a rate of 3.125%, whilst the annual percentage rate is set at 3.040%, the lender’s updated loan information revealed.
The financial institution provides several options for home refinancing as well. The list of refinance loans includes the 30-year fixed mortgage, which has an asking rate of 4.125%. The loan package is coupled with an APR of 4.209%. The 15-year fixed rate refinance mortgage look attractive on Wednesday, with the interest rate hovering at 3.500%, whilst the APR is set at 3.682%, according to Chase’s published data.
Shifting to Chase’s flexible refinance loan offerings, the 7/1 ARM has a daily low rate at 3.625% and it’s accompanied by an APR variable of 3.314%. The 5/1 adjustable rate loan could be another possible option for certain borrowers, as it can be had at 3.500%. The APR is published at 3.172%, according to the latest interest rate data.
Detailed information on Chase’s mortgage interest rates, loan assumptions and terms and conditions can be found on the lender’s website.