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 November 19, 2014, which are discussed below.
The lender’ published rate information showed, that the 30-year home loan is currently offered at 4.000%, whilst the APR, which shows the interest and others costs of the loan at a yearly rate, is coming out at 4.083%. A shorter-term fixed rate alternative, the 15-year FRM, is up for grabs at a rate of 3.250%. The loan package features an APR variable of 3.376%.
As far as more flexible home loans are concerned, the 7/1 adjustable rate mortgage is listed at a rate of 3.250%. The mortgage package carries an APR variable of 3.049%. In case of the 5/1 ARM alternative, it can be secured at a rate of 2.875%. The annual percentage rate hovers at 2.880%, according to the updated interest rate information.
Borrowers, who are more interested in mortgage refinancing options, will find a number of loan options at this financial institution, including the 30-year fixed refinance deal which is offered at a rate of 4.125% and has an APR of 4.209%. The 15-year version of this fixed refinance package could be more suitable for some potential customers, as it demands 3.250% in interest and bears an APR sum of 3.431%.
As far as the 7/1 ARM is concerned, which can be used for mortgage refinancing, it’s quoted at a rate of 3.375% and bears 3.107% by way of APR. Another possible solution for refinancing is the 5/1 adjustable rate loan, which has an opening rate of 3.000%. The package is accompanied by an APR variable of 2.914%.
Bear in mind, that the mortgage interest rate quotes given are liable to change without notice and can vary when the loan is approved or the funds are disbursed. Contact the loan officer in charge or visit the financial institution’s website for more information on the latest mortgage loan options.