Yes. You may make additional principal payments.
Include the additional amount with your regular monthly payment or visit your local Chase Branch to have the additional payment applied to your account. If you wish to pay your loan in full, check your loan terms to determine if a prepayment fee will apply.
Is there a penalty if I repay my loan early?
Most home equity loans include a fee, which is charged upon full prepayment. If this prepayment fee applies to your loan, it will be disclosed in your final loan documents. Chase may charge a prepayment fee if you pay your loan in full within 36 months of the date you close your loan. This fee will not exceed 1% of the original loan amount.
How long will a home equity loan take to close?
A home equity loan should close in approximately 30 days after the application is submitted.
What must I do at closing?
We make closing easy!
In all cases, you will review and sign the loan documents. Documents may vary depending on the state in which you live. Typically, your documents will include a Promissory note Additionally, in many cases you will have three days after you sign the documents to change your mind and cancel the loan for any reason. This three-day right is known as your "Right of Rescission." The Right of Rescission does not apply to all accounts. If this right applies, you will receive a separate disclosure in your closing package informing you of this right.
If you are uncomfortable with the documents for any reason, you may always choose not to close your loan, even at closing. If you have any questions about your loan documents, please contact your Loan Officer.
Can I manage my account online?
Yes, you can manage your home equity account right from your home computer. Your account allows you to:
Pay bills
Check your available credit
View your transaction history
Confirm payments
Set up repeating payments
Order checks
Find or change your monthly payment due date
Have account "alerts" sent to you automatically
Transfer funds from your line of credit to your Chase bank account- Powered by https://www.chase.com/
No comments:
Post a Comment