Chase Home Equity Loans Review


Rating: 8.9 / 10 (Excellent)
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How is Chase rated?
8/10
Services
10/10
Loans
10/10
Qualifications
9/10
Accreditation
8/10
Loan Details
8/10
Customer Support

Chase is a financial institution that serves individual, businesses and commercial agencies. The company offers auto financing, credit cards, personal banking, small business lending, mortgages and home equity loans.

Services and Features

Chase provides home equity line of credit. It lets you use your primary home as a security for the debt or as a collateral. Home equity line of credit includes a 10 year draw period followed by a 20 years repayment period.

Chase allows their clients to use their home equity funds for expenses on remodelling your home, tuition fees, medical expenses or even pay off debts. They provide home equity calculators to estimate the amount of how much you can borrow and determine your home’s value.

Chas offers online banking to check your credit activity, fund transfer and set up account reminders.   Borrowers are evaluated by Chase based on their application, employment, credit history, income and assets.  

Chase offers rate discounts for Chase personal checking account and premier platinum checking account depositors. The company also do not charge closing costs for home equity line of credit.

Services and Features

Home Equity Mortgage Calculator

Refinancing

Online Quotation

Online Application 

Financial Guide

HELOC Draw Period

10 Years

Types of Home Equity Loans

Fixed Rate Loans

Home Equity Lines of Credits (HELOC)

Qualifications

Age

At least 18 years old

Credit Score  (Minimum)

700

Primary Home Owner

Accreditations

Member of US Department of Housing and Urban Development

✗ 

Member of FDIC

Insured by FHA

Approved by Equal Housing Lender

Plan Details

Origination Fee

$50

Closing Cost

Free

Maintenance Cost

$50

Application Fee

Not Stated

Variable Rate APR

3.63%-6.01%

Fixed Rate APR     

Not Stated

Help and Support

Mobile App

✗ 

Telephone Support

Live Chat

✗ 

Email

FAQs

Home Equity Loans at Chase    

Chase is a safe choice for homeowners searching for home equity loan services. They have a fixed-rate lock option that lets you switch from variable rate to a fixed rate within the loan period.  

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Latest Reviews

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B
Brittany
Surprise, Arizona
2/1/2017
This company is the worst. I have faxed written signed borrower authorization over 6X to the payoff department and ten days later I still do not have a payoff statement. The property is under escrow, and due to Chase Home Equity Heloc department the Seller is very close to being in breach of the contract due to Chase not being able to provide a written payoff statement. The borrower has also called and requested many times and is getting the same response, or should I say lack there of. Do not get a loan here as they may cost you the sale of your property. They are unwilling to recognize the importance and urgency and could care less about their consumer. I highly recommend working with a... Read More