HARP, a federal government program, provides an opportunity for eligible homeowners to refinance with less paperwork than a traditional refinance. Even if the home has declined in value, refinancing through HARP can help lower payments or change to a more stable loan type (for example, from an adjustable-rate mortgage to a fixed-rate mortgage).
Here are some of the benefits of refinancing with a HARP loan:
You, the customer, are not responsible to pay any bank fees, which means no application, processing, appraisal, credit report or origination fees. Third-party costs associated with closing the loan are also paid by Chase. Items other than bank and third party fees such as daily interest, property taxes, and escrow adjustments must be paid by you, if applicable. You may be able to finance these as part of your new loan balance instead of paying for them at the time of closing.
The amount you save on a refinanced mortgage may vary by loan. If a refinanced mortgage has a longer term than remains on your current loan, you will incur additional interest charges for the extended term.
We believe you are eligible for this special program based on information available at the time this mailing was prepared. Eligibility is subject to the following items:
If we are unable to verify any of the items in section 3 above or you do not meet the requirements in section 4 above, we may not be able to proceed with this offer. However, we still may be able to help you reduce your mortgage rate or payment with one of our many other Chase mortgage programs—please call us for details.
If the borrower or a family member is an auditor or examiner of JPMorgan Chase, additional restrictions may apply.
Not available for cash out or debt consolidation loans. Interest on the portion of the loan in excess of fair market value of the property is not tax deductible for federal income tax purposes. Consult a tax advisor for further information regarding the deductibility of interest and charges.
Home Lending products offered by JPMorgan Chase Bank, N.A.