Chase Bank Mortgage Refinance

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in Mortgage Refinance from Chase Bank · NMLS ID #399798

SuperMoney Net Recommendation Score -20

Mostly not recommended

2 users recommend

0 users are unsure

3 users don't recommend

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Highlights
Community Rating	Mostly not recommended
Loan Amount	$50,000 - $3,000,000
Loan Term (Years)	15 - 30 years
Number of Reviews	5

Chase Bank Mortgage Refinance Review

Chase Bank Mortgage Refinance is offered by Chase Bank savings accounts (NMLS #399798), a bank founded in 1877 and based in New York, NY. Chase Bank Mortgage Refinance are available in 50 states (and Washington, DC).

Key Takeaways

3 different mortgage programs offered. Chase Bank Mortgage Refinance refinances FHA, VA, conforming, and conventional mortgages.
Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
Refinancing for large mortgages. You can refinance mortgages with balances of up to $3,000,000 with Chase Bank Mortgage Refinance.
Non-standard interest rates available. Chase Bank Mortgage Refinance offers hybrid mortgages, and fixed-rate mortgages.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Chase Bank Mortgage Refinance Pros & Cons

Pros	Cons
Available in all 50 states.	Charges an origination fee. Charges prepayment fees.

Chase Bank Mortgage Refinance FAQ

What range of mortgage balances will Chase refinance refinance?

Mortgage refinancing loans start at $50,000 and go up to $3,000,000

What is the maximum loan term for a mortgage refinance via Chase refinance?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Chase Bank Mortgage Refinance offers mortgage refinancing with terms ranging from 15 to 30 years.

How long does Chase refinance take to refinance?

Chase refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

Does Chase refinance charge a mortgage origination fee?

Yes, Chase Bank Mortgage Refinance will charge a loan origination fee.

What mortgage programs does Chase refinance offer?

Chase Bank Mortgage Refinance offers the following mortgage types:

Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does Chase refinance allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Chase Bank Mortgage Refinance allows the following property usage types:

Primary home
Secondary homes and vacation properties

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