Lacky Mortgage

Chase (www.chase.com) offers programs that fit specific needs whether it’s your first home, your second or a new vacation home you’ve been planning to buy. They offer several options that may just be what you’re looking for.

 What loans are available for me?

 ARM (Adjustable Rate Mortgage), FRM (Fixed Rate Mortgage), conforming and jumbo loans are offered, along with special mortgage programs for low-to-medium income buyers, FHA or VA loans, low downpayment option or special credit needs. An interest only mortgage is also available for an agreed-upon period.

 What do I do to apply for a loan?

 After identifying your needs and the price range of your choice, you will need to prepare your documents before applying for a mortgage. Here is the initial list of documents you may be asked to prepare:

 - SSS number or proof of permanent residency
 - Last two months’ pay slip
 - Last two years’ W-2 forms
 - Last 3 months’ bank statements
 - Last two years Federal tax returns
 - Information on your current creditors

 If you have already spoken with a seller of your chosen home, a signed contract of sale may also be required.

 Applications may be done privately and securely online. An interactive tool can help you look for the loan that’s best for you. You can also call any Chase Mortgage Consultant at 1-800-873-6577 or find the nearest Chase branch and speak to a Loan Officer who can walk you through the loan process.

 Online applications will be reviewed by a Mortgage Consultant who will then get in touch with you to ask for the required documents and other additional supports.

 What happens next?

 Chase will then order your credit report, so it’s best to review it first before application. Correct any errors so delays may be avoided during processing.

 Chase does not require a home inspection, but it would be good to know the true condition of your home as evaluated by a professional.

 A Home Analyst will order a property appraisal, property boundary survey, title search and insurance. A Closer will prepare the closing package which will include all the fees and closing payments required from you. He might establish an escrow account to pay the necessary taxes and insurance. He will then authorize the release of the mortgage funds. A Chase representative will get in touch with you to schedule the closing.

 As with any other loan, it is best to check your best option before making a commitment. Information is given free online, through the phone or from a consultant who can discuss with you if Chase can offer the best choice to meet your needs.


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