Are you looking into buying your first home? Or are you thinking about upgrading to a new home? Whatever your goal might be, purchasing a house is certainly an exciting and rewarding experience.
Since you are making a huge commitment that greatly impacts your financial wellbeing, it is well worth considering getting a JPMorgan Chase mortgage to help you finance your dream home.
Read on to learn about the benefits of this mortgage and how you can apply today.
JPMorgan Chase Mortgage Features and Benefits
One of the most inviting features of a JPMorgan Chase mortgage is their exclusive rate program for their Chase private clients. Under this, you can gain exclusive access to enviable rate discounts both for purchase and refinance mortgages. Bear in mind that these mortgages and rates are based on your total deposits and investments with the company.
Another great offering that comes with a JPMorgan Chase mortgage is their exclusive Chase Homebuyer Grant. Under this, $3,000 worth of financing will be given to you to help finance your closing deals or pay your down payment.
Applicants who are interested in getting a JPMorgan Chase mortgage can also get in on a jumbo mortgage offering. With this, you can get financing of up to 89.99% of your home’s value.
As well as this, if you have personal financial assets you can enjoy a simplified application process which helps you get approved at a faster rate.
How to Apply for a JPMorgan Chase Mortgage
Applying for a JPMorgan Chase mortgage can be done by filling out a pre-qualification request application form on the Chase website. By creating an account, you can provide additional documents and track your application all from the comfort of your own space.
Aside from your personal information (email, address, contact numbers, employment details, income information), the bank will also ask for supporting documentation. This includes financial documents such as tax returns, your W2 statements, pay stubs, bank statements, 401k statements, monetary gifts, and assets.
If your application is approved, you can take out a home loan of up to $625,500 or more, depending on your creditworthiness.
JPMorgan Chase Mortgage Fees and Charges
Fixed rated loans are typically offered with an interest rate ranging from 3.375% to 4% for a 15- and 30-year fixed rate loan.
Meanwhile, adjustable rate loans of 5/1 LIBOR ARM and 7/1 LIBOR ARM come with an interest rate of 3.5% and 3.625% respectively.
Purchasing a home can be intimidating to say the least. However, with the help of a JPMorgan Chase mortgage, you can finally get the home you have been longing for. Visit the Chase website and start your application today.