Chase Home Lending

Melinda proudly serves clients in Southeast Michigan and across the country. Melinda has 26 years of experience as a Senior Home Lending Advisor and specializes in lending to self-employed clients, low-to-moderate income lending programs, adjustable-rate mortgages, vacation home financing, FHA and VA mortgages, and first-time homebuyer programs. Whether you're a first-time homebuyer, need to expand or downsize, or are looking for a second home, Melinda is here to help you find a mortgage to fit your needs. Starting with a review of your finances, Melinda can help you get a clear picture of what might work best for you. Melinda will explain your options, answer any questions you may have, keep you informed and guide you through every step of the mortgage process. Above all, Melinda wants to ensure that you have a positive home lending experience. Melinda proudly serves clients in Southeast Michigan and across the country. Melinda has 26 years of experience as a Senior Home Lending Advisor and specializes in lending to self-employed clients, low-to-moderate income lending programs, adjustable-rate mortgages, vacation home financing, FHA and VA mortgages, and first-time homebuyer programs. Whether you're a first-time homebuyer, need to expand or downsize, or are looking for a second home, Melinda is here to help you find a mortgage to fit your needs. Starting with a review of your finances, Melinda can help you get a clear picture of what might work best for you. Melinda will explain your options, answer any questions you may have, keep you informed and guide you through every step of the mortgage process. Above all, Melinda wants to ensure that you have a positive home lending experience. Simply put, a conventional mortgage is a loan that's not backed by a government agency such as the Federal Housing Administration (FHA) or Veteran Affairs (VA). There are two types of conventional loans: conforming and nonconforming. Conforming loans follow lending rules set by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). When a loan doesn't follow these lending rules, it's considered non-conforming. There are a number of factors that may cause a loan to be non-conforming, generally loan amount is a key factor. Term Length: Mortgage loans vary in length, typically from 10 to 30 years.Fixed- Rate Mortgages: A fixed-rate mortgage offers a consistent interest rate for as long as you have the loan, instead of a rate that adjusts or floats with the market. A consistent interest rate usually means yur principle and interest payment will remain consistent too.Adjustable-rate Mortgage (ARM): An ARM loan has an interest rate that stays the same for a set period of time, then changes to a variable rate that adjusts every year. For example, a 7/6 ARM has an introductory interest rate for the first 7 years and then resets every year after that for the loan term. Term Length: The duration of the loan will impact your monthly payment. For example, the shorter the loan term, the more you're likely to pay each month. As you explore options, think about your down payment, your monthly budget and plan accordingly.Fixed-Rate Mortgages: While fixed-rate loans offer a steady mortgage payment, they typically have a higher interest rate. As you weigh your options, you may want to ask yourself, "Is this my forever home, or just a place where I'll live for a few years?" That may help you determine if a fixed-rate loan is right for you.Adjustable-rate Mortgage: While you'll likely pay a lower interest rate during the introductory period, your payment could increase quite a bit once this period ends—possibly hundreds of dollars a month. Rate caps limit the amount your interest rate can rise, but make sure you know what your maximum payment could be. When debating between renting vs. buying, you need to think about your lifestyle and finances. While renting can provide more flexibility, owning a home enables you to build equity in the property and may provide tax benefits.Buying a home is a huge step, especially when you’re moving from renting to owning. When debating between renting vs. buying, you need to think about your lifestyle and finances. While renting can provide more flexibility, owning a home enables you to build equity in the property and may provide tax benefits.Buying a home is a huge step, especially when you’re moving from renting to owning. At Chase, you can choose from several types of mortgage loans to finance your home purchase. A Home Lending Advisor can help you understand the differences between the various loan options so you find one that best suits your financial situation.Once you understand what you want out of a home, determining your housing budget is essential. After determining a loose housing budget, you'll need to decide how much you'll be comfortable paying each month. Your real estate agent will help you find the right home based on all of these factors. Looking for more information? Read our guide on “How to Find the Perfect Home!” At Chase, you can choose from several types of mortgage loans to finance your home purchase. A Home Lending Advisor can help you understand the differences between the various loan options so you find one that best suits your financial situation.Once you understand what you want out of a home, determining your housing budget is essential. After determining a loose housing budget, you'll need to decide how much you'll be comfortable paying each month. Your real estate agent will help you find the right home based on all of these factors. Looking for more information? Read our guide on “How to Find the Perfect Home!” Traditional loans usually require documents that verify your employment, income and assets, and may include:• Your Social Security number• Pay stubs for the last two months• W-2 forms for the past two years• Bank statements for the past two or three months• One to two years of federal tax returns• A signed contract of sale (if you've already chosen your new home)• Information on current debt, including car loans, student loans and credit cards Traditional loans usually require documents that verify your employment, income and assets, and may include:• Your Social Security number• Pay stubs for the last two months• W-2 forms for the past two years• Bank statements for the past two or three months• One to two years of federal tax returns• A signed contract of sale (if you've already chosen your new home)• Information on current debt, including car loans, student loans and credit cards If you plan to be in your home for more than seven years, you may want to consider a fixed-rate mortgage, which offers predictable payments and long-term protection against rising mortgage interest rates. If you plan to be in your home for seven years or less, an adjustable-rate mortgage (ARM)2 could be attractive. Keep in mind that with an ARM, your monthly payments have the potential to go up each time your interest rate adjusts. If you plan to be in your home for more than seven years, you may want to consider a fixed-rate mortgage, which offers predictable payments and long-term protection against rising mortgage interest rates. If you plan to be in your home for seven years or less, an adjustable-rate mortgage (ARM)2 could be attractive. Keep in mind that with an ARM, your monthly payments have the potential to go up each time your interest rate adjusts. Whether you want to purchase a new home, refinance for a lower rate or use your home's equity for updates, we're ready to help you make it happen. You get a variety of powerful online mortgage tools and resources, a dedicated Chase Home Lending Advisor with you every step of the way and access to a personal online site for regular updates about your loan, neighborhood home sales and more.

Cocoa Rox
1 Star
I had been a Chase member for over 30 years until this past week or so. I will NEVER join another bank & especially a Chase bank. I have had some financial struggles over the past few years due to a divorce, job loss & a move. To make a long story very short, I was misled & misunderstood the stipulations with using your debit/check etc., & the time frame you had to make a deposit to correct it. I called this branch & questioned why I had a withdraw & a insufficient fund charged to me when it I should still have time to correct it. I spoke with the Branch Manager " Dan R. Gourlay" & I never in my years of adulthood had ever been spoken to so rudely as him. As I was explaining my understanding he belittled my misunderstanding, spoke louder over me as I would ask another question & even laughed at me & said "HaHa, YOU really need to understand this (my name) that when you write a check YOU should ALWAYS have money in the bank to cover it." I had enough of his poor professionalism & sarcasm so I said to him " You know what Dan, I have had enough of your arrogance & I want to speak to a Manager." He again laughed & said " I AM the Manager." So I said " I am done dealing with you, you're are rude......" & he hung up on me. Three days later I find out my Direct Deposit hadn't made it into my account....WHY?...Because it was froze & will soon be closed. This by no means was a coincidence & the letter I received stated only reasons why Chase can freeze & close an account & I did nothing wrong in that list to have mine froze & closed. This young boy NEEDS to be reprimanded for his poor customer service to a long time customer who basically called him out on his pathetic manager skills & sought revenge on something that Chase gave him leverage to do so. I am glad to the extent of being away from Chase because I have been screwed over by them a few times & am off to better customer service who appreciates my business, regardless of who I am &/or what money I may or may not have. Shame on you Dan R. Gourlay.
Friday 12th June 2015