Chase recently added a No Closing Cost option for new home equity loans. This option, which is offered on both amortizing and balloon loans, expands the financing options brokers can offer their customers. The No Closing Cost fixed-rate home equity loan is available to borrowers who meet standard Chase underwriting guidelines except in NC, SC and other states where Chase Home Equity does not currently offer loans. Rismedia.com reports:
“By offering borrowers a fixed-rate home equity loan without closing costs, Chase-approved brokers can offer both peace of mind and potential cost savings to their customers. In a competitive market, that’s very significant,” said Kimberly Salvo, national sales manager of B2B Home Equity for Chase.
Read more:Chase Adds No Closing Cost Option to Fixed-Rate Home Equity Loans
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