Credit Cards & Lending with Chase Private Client | Chase

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Past performance is not a guarantee of future results.

Asset allocation/diversification does not guarantee a profit or protect against a loss.

JPMORGAN CHASE AND ITS AFFILIATES DO NOT PROVIDE TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY, AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL OR ACCOUNTING ADVICE. YOU SHOULD CONSULT YOUR OWN TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION.

See Deposit Account Agreement (PDF) and Deposit Products & Services (PDF) for more information. Speak with a banker for current interest rates.

“Chase Private Client” is the brand name for a banking and investment product and service offering.

Bank deposit accounts, such as checking and savings, may be subject to approval. Deposit products and related services are offered by JPMorgan Chase Bank, N.A. Member FDIC.

Qualifying personal and business deposit accounts you own include Chase personal checking and savings accounts, CDs, Chase business checking and savings accounts (balances in attorney trust accounts, client fund trust accounts, and Government or Non-Profit accounts do not qualify), or certain investment management fiduciary and custody accounts, certain Chase Retirement CDs, or certain Chase Retirement Money Market accounts.

Qualifying personal investments include balances in investment and annuity products offered by JPMorgan Chase & Co. or its affiliates and agencies. Balances in 529 plans and certain retirement plan investment accounts do not qualify. Investment products and related services are only available in English.

Investment products and services are offered through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMS, CIA and JPMorgan Chase Bank, N.A. are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

INVESTMENT AND INSURANCE PRODUCTS ARE:

• NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED

For the adjustable rate mortgages (ARM) product, the interest rate is fixed for a period of time and adjusts periodically thereafter. At the end of the fixed rate period, the interest rate and payments may increase. The APR may increase after loan consummation. The mortgage rate disclosed at the time of application will be based on current eligible banking and investment balances held by the customer(s) at JPMorgan Chase excluding any funds associated with the mortgage, such as down payment or closing costs.

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JPMorgan Chase does not require that customers structure or hold their balances in any particular type of account in order to qualify for a loan or the Private Client Mortgage Rate Program, nor does JPMorgan Chase require customers to purchase any nontraditional banking products or services (such as brokerage accounts) from affiliates like J.P. Morgan Securities LLC. Personal banking and investment balances will be used to determine the appropriate mortgage rate discounts. Business accounts do not qualify for mortgage rate discounts.

All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.

All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.

The Chase Home Equity Line of Credit features variable rates based on the Prime Rate (as published in The Wall Street Journal), which as of 7/31/2020, range from 3.75% APR to 6.14% APR for line amounts of $50,000 to $99,999, from 3.75% APR to 5.51% APR for line amounts of $100,000 to $149,999, from 3.75% APR to 5.51% APR for line amounts of $150,000 to $249,999, and from 3.75% APR to 5.51% APR for line amounts of $250,000 to $500,000. Rates vary depending upon credit line amount, lien position, and collateral location; please inquire about available rates in your area, and about rates for line amounts less than $50,000.

Chase Private Clients with a minimum of $250,000 in qualifying checking, savings and/or investment accounts with Chase that secure a new Chase Home Equity Line of Credit can qualify for a .50% rate discount (or a 1.00% rate discount with a minimum of $1,000,000 in qualifying Chase accounts), with a $50 annual fee waiver.

A customer can qualify for a rate discount of 0.25% when they (a) provide contracts or bids for home improvements totaling at least $30,000, to be withdrawn subsequent to closing; OR (b) withdraw at least $30,000 from their Chase home equity line of credit at closing. Discount not available for existing HELOC customers with more than three (3) years remaining in the draw period.

Lifetime APR will not exceed 21%. All stated rate ranges apply to lines secured by owner-occupied, single-family residences (includes townhomes, row homes, and condominiums) co-ops, 2 unit and group homes. Ask us about our collateral and combined loan-to-value (CLTV) ratio requirements to be eligible for these rates.

The Chase Home Equity Line of Credit may not be used to purchase the property being used as collateral.

Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well.

If your property is located in AL, FL, GA, MD, MN, NY, OK, TN or VA, you will pay a mortgage recording tax between 0.115% and 2.175% of your credit limit amount. This tax is due at closing but may also be financed. In the Orleans Parish of LA, you will pay a flat fee of $325.

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Chase Home Equity Lines of Credit are not available in AK, HI, and SC.

The minimum allowable line amount is $25,000 ($10,000 in MI).

Advertised rates are tied to the Prime Rate published in The Wall Street Journal, effective as of 7/31/2020. The Prime Rate has a direct relationship to the Federal Funds Rate established by the Federal Reserve Board’s Federal Open Markets Committee. Any change in the Federal Funds Rate effective on or after 7/31/2020, will directly affect the Prime Rate published in The Wall Street Journal, as well as the rates advertised here. Therefore, depending on the date that you apply, the advertised rates may not be available.

Debt Consolidation Information: The amount you save on loan consolidation may vary by loan. Since a home equity line may have a longer term than some of the bills you may be consolidating, you may not realize a savings over the entire term of your new line. In addition, your line may require you to incur premiums for hazard and, if applicable, flood insurance, which would affect your monthly payment reduction. Federally Guaranteed Student Loans should not be consolidated because you will lose important federal benefits.

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6 Please note that assets used as collateral for a securities based line of credit are subject to liquidation to meet collateral/maintenance calls. Proceeds from a securities based line of credit cannot be used to purchase, carry, or trade securities.

7 Line of credit documentation executed and/or delivered in Florida is subject to Documentary Stamp Tax of 35 cents per $100. Max $2,450.

8 ADDITIONAL CONSIDERATIONS: Please note that lines of credit are extended at the discretion of J.P. Morgan, and J.P. Morgan has no commitment to extend a line of credit or make loans available under the line of credit. Any extension of credit is subject to credit approval by the lender in accordance with the terms contained in definitive loan documents. Loans collateralized by securities involve certain risks and may not be suitable for all investors. Market conditions can magnify any potential for loss. If the market declines, you may be required to deposit additional securities and/or cash into your account. The securities in your account may be sold to meet a collateral/maintenance call, and J.P. Morgan may sell your securities without contacting you. In exercising its remedies, J.P. Morgan will not be required to marshal assets or act in accordance with any fiduciary duty it otherwise might have. Some or all of the securities sold to meet a margin/maintenance call may be sold at prices higher than their initial cost, which may result in adverse tax consequences. You should consult your tax advisor in order to fully understand the tax implications associated with pledging securities in connection with a margin loan. Please read your client agreement carefully so that you understand your obligations.

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