Chase Bank (NYSE: JPM) is a top U.S. lender, which provides several type of mortgage loans for borrowers in the United States.
Chase Bank (NYSE: JPM) is a top U.S. lender, which provides several type of mortgage loans 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 be able to obtain a loan. Chase’s mortgage interest rates have been updated for February 1, 2015, which are discussed below.
According to the latest mortgage rate information, the lender offers the 30-year fixed mortgage, which comes with a conforming loan balance, at a rate of 3.500%. The loan’s APR variable is set at 3.622%. The 15-year fixed rate mortgage alternative is available at a rate of 3.125%. The loan package is coming with an APR figure of 3.269%.
As far as the lender’s flexible home loan packages are concerned, the 7/1 adjustable rate loan starts at a rate of 3.250% and it features an APR of 3.137%. Others, who decide to opt for the 5/1 ARM alternative, will see it being published at a rate of 3.125%. The corresponding APR is 3.030%.
Those considering to refinance with one of Chase’s favorable refinance loan, will see several attractive mortgage packages on offer. One of the more popular loans is the standard 30-year mortgage, which starts at a rate of 3.875% and comes with an annual percentage rate of 3.957%. In case of the 15-year fixed rate mortgage, the current mortgage rate hovers at 3.375%. The loan’s annual percentage is coming out at 3.538%.
Flexible ARM loans can also be used to refinance existing mortgages. As far as flexible refinance loans are concerned, the opening rate on the 7/1 adjustable rate mortgage stayed intact at 3.375%. The corresponding APR stands at 3.195% on this type of loan. The 5-year ARM can be obtained at a rate of 3.125% and it features 3.050% by way of annual percentage rate.
For additional details on Chase’s latest mortgage rates, loan assumptions and borrowing terms and conditions, please visit the bank’s website or contact a loan officer in charge.