Chase launches Fixed-Rate Lock Option for home equity linesMortgagePress.comFixed-rate locked home equity lines
Chase has launched the Fixed-Rate Lock Option, a feature of its
home equity lines of credit, for new and current customers.
The feature, which carries no setup charge, allows the borrower
to lock in a fixed interest rate for up to five years
simultaneously or for the entire amount of his line. The interest
rates on locked segments do not increase, and borrowers make equal
monthly payments, similar to installment loans.
Chase, a subsidiary of JPMorgan Chase and Company, is a consumer
and commercial bank based in New York. For more information, call
(888) 342-4273 or visit www.chase.com.