|JP Morgan Chase mortgage loans have assisted a large number of low and moderate income homeowners in the country to get financial help to buy their homes. JP Morgan Chase has a long history of providing a wide variety of banking and financial services to customers throughout United States and several other parts of the world. The bank can help you get the most suitable mortgage or refinance solutions backed by a number of convenient services. According to a reliable source, JP Morgan Chase & Co has also announced that it will hire around 1,200 mortgage officers before the end of next year. This will greatly increase the sale of mortgage products of the bank to potential borrowers.
JP Morgan Chase Mortgage Rates
JP Morgan Chase mortgage rates are very affordable for most of the borrowers as they are comparatively lower than mortgage rates offered by other banks and financial institutions. The bank also provide fixed, adjustable as well as interest only mortgage options depending on the financial condition and the repaying ability of the borrowers. Fixed rate term allow the borrowers to make fixed monthly repayments where as adjustable rate loans will have some changes in the payment amount due to change in the interest rate. On the other hand, interest only loan allow the borrowers to pay only the interest rates over a certain period of the payment term.
JP Morgan Chase Mortgage Modification
To help those borrowers who are facing financial troubles in paying their monthly payments, Chase Bank offers mortgage modification programs. Depending on the eligibility conditions of the borrowers to get the modification plan, the bank allow them to get reduction in their interest rate, principal amount, lengthening of loan term and reducing late fees and other penalties. This modification programs is specially designed to prevent borrowers from facing JP Morgan Chase mortgage foreclosures due to inability on their part to make timely repayments.
Chase Mortgage Department
Chase is the department of JP Morgan Chase & Co that handles all the mortgage lending and processing activities. JP Morgan Chase mortgage department review the application of the borrowers and offer them the mortgage amount according to their repaying ability. To assist the borrowers JP Morgan Chase Mortgage customer service is also made available by the bank. With a large team of mortgage professionals, Chase mortgage customer service can solve all your queries related to home mortgage loans and its manifold features.