Welcome to Mortgage Company Guide
First Omni Mortgage Company Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Loan Options of the Chase Mortgage Company
from:The Chase Mortgage Company is a subsidiary of the JPMorgan Chase group. The name Chase is used for US consumer and commercial banking purposes since JPMorgan and JPMorgan Chase are the names being used in worldwide deals. As a leading lender in the US market, Chase Mortgage Company offers different loan options for you to choose from.
The Chase Mortgage Company has different loan packages available for your different needs. Whether you are a first time borrower or you need to refinance you home, Chase Mortgage Company has the answers to your dilemma.
They have seven main types of mortgage packages namely Fixed rate mortgages, Jumbo Mortgages, Adjustable rate mortgages, Interest-only mortgages, Specialized loans, First-time homebuyers loans, and Homebuilder loans. The advantages of each type of mortgage package are discussed below:
Fixed Rate Mortgage
An option of a 15, 20, 30, 40 year loan term with fixed monthly payments and evenly spaced out payments.
Jumbo Mortgages
Jumbo Mortgages are called as such since they are loan amounts greater than the normal limits allowed. They come in 10, 15, 20, 25, and 30 loan term with a fixed interest rate therefore having a fixed monthly payment as well.
Adjustable Rate Mortgages
The concept of adjustable rate mortgages is that the interest rate is fixed for a chosen period, then, adjustable for the remainder period of loan. An advantage of this type of mortgage is the chance to benefit from lower interest rates in the future.
Interest-Only Mortgages
This type of mortgage enables the client to pay the interest only for the loan amount for 10 years. After which, the client will be required to pay the principal plus interest for the remainder of the loan period. Paying interest only for the first 10 years will enable the borrower to improve his cash flow. The interest-only mortgage of the Chase Mortgage Company also offers the option to have it as a fixed rate or adjustable rate mortgage.
Specialized Loan Options
The Chase Mortgage Company also offers loans to those people that do not have the usual requirement in obtaining a loan. This type of loan is very helpful to self-employed individuals and to those working abroad yet planning to invest in a US home.
First-time Home Buyers Loans
The Chase Mortgage Company also offers a light plan for those first-time home buyers. They even consider people with less than perfect credit standing. Their First-time Home Buyer loans are usually fixed rate loans that do not need borrower investment and have predictable monthly payments.
Home Builders Loans
Depending on the type of Home Builder Loan package, the interest rates differ from being a fixed rate, adjustable rate, or lock-in rate.
These are the different mortgage packages offered by the Chase Mortgage Company and it is your choice to select the best one.
First Omni Mortgage Company Specific links
First Omni Mortgage Company News
Martin's Mailbox: Fix that leak - Bridging and Commerical
Martin's Mailbox: Fix that leak Bridging and Commerical At Omni Capital, we're keen advocates. With a past rooted in the mortgage market, the senior team has seen first hand how well-organised, well-supported trade organisations can deliver clear member benefits. We want to see the same in bridging. |
Bridging watch - Mortgage Strategy
 Mortgage Strategy | Bridging watch Mortgage Strategy Another lender that has reported strong performance recently is Dragonfly Property Finance. Dragonfly, I was reading in last week's Mortgage Strategy, issued 500 agreements in principle in the first four months of the year on loans amounting to a ... |
Bridgingwatch - Mortgage Strategy
Bridgingwatch Mortgage Strategy Are lenders like Omni Capital, West One Loans and Dragonfly Property Finance, for example, lesser lenders because they don't do regulated contracts? Of course not. That would be like saying that Paragon Mortgages and The Mortgage Works are lesser ... |
First Coast Happenings for May 18-26 - Florida Times-Union
First Coast Happenings for May 18-26 Florida Times-Union 31, Omni Amelia Island Plantation, The Shops. Includes live music and family recreation. omniameliaislandplantation.com. Celebration of 100th Birthday of Sallye B. Mathis (1912-1982), today and Saturday, various venues. Free. |
Bridging bonanza subsides - Mortgage Introducer
Bridging bonanza subsides Mortgage Introducer Figures released by the Association of Bridging Professionals show larger bridging lenders' volumes fell in Q1 2012. Fahim Antoniades, group director at Mortgage Centre IFA, said it could be “that we are coming off the crest of the bridging bonanza ... |