Chase Bank Mortgage Refinance
Refinance your current mortgage to obtain a better interest rate, to reduce your monthly payment and have more money available each month, or to obtain extra money to use it for whatever you want. You can choose between a fixed or adjustable interest rate.
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Purpose
| For financiate: |
First or second residence
|
| Destiny: |
Mortgage refinance
|
| Advantages: |
Get a lower installment, lower interest or liquidity for other projects.
|
Interest
| Interest: |
Fixed-rate or adjustable-rate
|
| APR: |
Consult
|
Limits
| Minimum of years: |
15 years
|
| Maximum years: |
30 years
|
| Minimum financing: |
$ 50,000
|
| Maximum funding: |
$ 1,000,000
|
| Maximum percentage: |
Consult
|
Commissions
| Investigation commission: |
Consult
|
| Opening commission: |
Consult
|
| Commission for advance payment: |
Consult
|
| Commission for surrogacy: |
Consult
|
More information of Mortgage refinance
The refinancing of a mortgage consists of signing a new loan contract for an amount equal to or greater than the amount that remains to be amortized. With that money, the previous loan is paid off and the new one is repaid from that moment on.
The purposes of this operation can be several:
- Improve mortgage conditions. If interest rates have dropped or the value of your home has gone up a lot, you can negotiate better terms that make you spend less on interest.
- Pay less each month. In case you need to be more comfortable, you can choose to refinance your mortgage so that the monthly payment is lower and you have more money for other needs. In practice, it is something similar to extending the term of your current mortgage.
- Obtain extra liquidity. The refinancing of the mortgage can also help you to have extra money that you can use for other projects that you have in mind, such as reforms, purchases of furniture or appliances, etc.
Chase Bank offers you the possibility of refinancing your current mortgage for any of the reasons mentioned above. Check with the bank what the specific conditions would be for your case, what interest rates will apply to you and the fees you will have to pay.
Chase Bank allows you to refinance with a fixed-rate or adjustable-rate mortgage, and with a term of between 15 and 30 years.
Español: Refinaciación de hipoteca de Chase Bank