Chase Can help You Earn a Home Mortgage
Whether it is your first, your second or your vacation home that you have been preparing to buy, Chase (www.chase.com) is giving away programs that suit particular needs. They are giving some alternatives that might just be what you have been searching for.
What loans can I get?
Along with specific mortgage programs for low-to-medium income buyers, ARM (Adjustable Rate Mortgage), FRM (Fixed Rate Mortgage), jumbo and conforming loans are available; there is also FHA or VA loans, low down payment alternative or specific credit needs. An interest only mortgage is also offered for an agreed-upon time.
What are the requirements for loan application?
After you have determined your needs and the price estimation of your selection, you must prepare your documents ahead of applying for a mortgage. Here are some of the documents you need to prepare when you apply:
-Bank statements for the last three months
-Federal tax returns for the last two years
-W-2 forms for the last two years
-Pay slip for the last two years
-SSS number or residence certificate
-Your present creditors’ information
A signed contract of sale might also be needed if you have already been in contact with a seller of your desired home.
Applications can be made online for security and privacy. An interactive tool is available for you when searching for the loan that will suit you best. You can contact Chase Mortgage Consultant as well at 1-800-873-6577 or go to your nearest Chase area office and seek a Loan Officer who can help you with the whole loan procedures.
A Mortgage Consultant will check the online applications and then will contact you for the needed documents and other supporting papers.
What is next?
Chase will review your credit status therefore it is advisable to check it first before applying. Check any mistakes in order to prevent delays during processing.
It would be smart to determine the real situation of your home as assessed by a professional even if Chase does not need a home inspection.
Property appraisal, property boundary survey, title search and insurance will be what a Home Analyst will order. A Closer will plan for the closing package that will consist of all the payments and closing fees needed form you. He may create an escrow account to settle the needed taxes and insurance. He will then allow the release of the mortgage funds. As for the schedule of the closing, a Chase representative will contact you.
It is always advisable for you to ensure your most excellent alternative before making an obligation, as with any other loan. Information online is given for free, by the use of phone or form an advisor who can talk about with you if indeed Chase can give the most excellent option to suit your demands.