Chase Mortage Loan Refinancing Program
Started by NYCREBUBBLE
over 15 years ago
Posts: 68
Member since: Sep 2008
Discussion about
Just recently qualified for a chase mortgage refinancing program on a midtown east high rise condo unit. The application is in the process. Locked in a lower rate (5.375% from 5.875% at origination), changed term from 15 to 30. Most refinancing fees are waived. No check of income, or property appraisal. My DTI ratio has crept up since origination but I own several investment properties, and a decent mortgage reserve. Has anyone had any success with the loan mod program with manhattan condo units? Curious to hear some thoughts.
i'm dealing with chase now and when they said that they needed some documents, i was fine. i've had to provide to them so much documentation, going back 1 year, that a board package seems easier.
the buyers of my old place almost lost their 10% down payment because chase kept asking for more and more documentation. after board approval, it took 9 weeks as opposed to the standard 4.
Are you speaking about the streamlining refinancing program or a normal refi? Thanks.
if your loan amount is for less than $417,000, then the rate should be lower. While they're not charging you a fee, in essence they are with the higher rate.
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