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| Chase |
As of 8/1/2009, Chase is offering a new 1% mortgage cash back loan program. How this works, is that 1% of the borrower's monthly payment (Principal & Interest) is aggregated over an entire calendar year. On the anniversary of the home loan, the 1% monthly sum is then deposited into a Chase checking account for the borrower to use, or may be applied to the principle balance of the loan.
Borrowers are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products available in all states or for all loan amounts. Other restrictions and limitations apply.
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