Even after you have paid any mortgages or other charges related, your property will still hold some value in it. This is what is referred as mortgage home equity. The equity will act as collateral in the loan to finance major expenses. How to apply for home equity line of credit must differ depending on the financial services firm you are choosing. If Chase Mortgage home equity loan is what you ask, you have come in the right place. Let us tell you how you make the application in this chance then.
- Make Sure Things and Get Prepared
Before you even start applying for this Chase Mortgage home equity loan, of course you will have to make sure everything and get yourself all prepared. If there is you need to make sure, it would be none other than your eligibility to this loan. Just meet all the requirements to be eligible for one. Also, you must be prepared with the application process and the necessary documents needed. At the very least, let yourself understand them so as to avoid confusion when you are applying for Chase Mortgage home equity loan. Try then.
- Visit the Right Address for the Needs
Remember that home equity loan is not for investment or rental properties. If you understand this already, you can proceed with the application. For primary residences, you can go with online application through https://apply.chase.com/HomeEquity/LandingPage.aspx. For others, you can call the firm regarding Chase Mortgage home equity loan at 1-888-342-4273. You can visit the branch in person yourself too. See which one that fits you the most based on your needs. If you go with online one, you can continue the steps.
- Fill in the Form with the Correct Info
Once you open the link above, you will see there is Collateral Property Address to be filled out. So, provide correct information for each point in this form of Chase Mortgage home equity loan. If you don’t know the estimated property value, you will find that there is ‘See the estimated value’ link right next to the property value box. Click on the link and they will do the job to estimate the home equity for you. Once you get the estimation, don’t forget to fill the right info in the form of Chase Mortgage home equity loan to get the job done.
- Click the Button to Finish Initial Phase
Now that everything is complete, there is only one more thing that needs to be done here. That very thing would be none other than clicking the ‘Calculate My Potential Loan Amount’ button below the form. Doing this will mark the end of the initial phase. Sure, it takes time to get the application of Chase Mortgage equity done, but it is worth it. The next phases of the application of Chase Mortgage home equity loan should be about this easy too. So, you shouldn’t be too worried at all.