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Understanding services, fees and costs

Home Equity

This section shows the common services, fees and costs associated with your home equity account. As our customer, you don’t have to pay for many services that can help you manage your account. We may charge other fees that aren't listed here.

 

No-cost services

  • Making a payment
    Paying your mortgage online, by mail or by phone. Go to chase.com/WaysToPay for all the convenient ways to make your payment at no cost to you.

     

  • Payoff quote
    Preparing a payoff statement. Call our automated service at 1-877-505-2894 to request a quote.

     

  • Over the limit
    Exceeding the credit amount for a home equity line of credit.

     

  • Prepayment penalty
    Closing the line of credit within 36 months from the date it is opened.

     

  • Stop payment
    When a stop payment is requested on a line-of-credit check.

     

Fees

  • Home equity late fees
    • $25 or as determined in the home equity loan/line documents.
    • Charged when a scheduled payment isn’t received by the due date or end of the grace period. To avoid this fee, go to chase.com/WaysToPay to see how you can make your home equity payment at no cost to you in many convenient ways.

     

  • Non-sufficient funds (NSF) – $0
    If a scheduled payment is returned due to insufficient funds.

     

  • Annual fee – $0-$50 depending on individual program and terms in the home equity loan/line documents.
    Charged annually during the line-of-credit draw period, beginning on the first anniversary date.

     

  • CEMA Tri-State Transfer Fee (CT, NJ, NY only) – $125
    Fee charged to perform the Consolidation, Extension and Modification Agreement to transfer the existing lien to the new lender. Service provided as an alternative to the high tax to record a new mortgage. Applies to mortgage and consumer loans. Applicable in NY, NJ and CT only.

     

Costs

  • Recording – Cost set by county recorders or local laws.
    When the county recorder charges a cost for the recording of the mortgage or deed to secure our loan and the document to release the lien once the loan is paid off as allowed by applicable law.

     

Amounts may vary depending on the service, location, timing and any investor or legal requirements.

 

If you’re seeking mortgage assistance, go to chase.com/MortgageAssistance to find the information you need to apply for help.

 

Last revised June 2025