Posts Tagged ‘mortgages’

Chase $100 Check Account Bonus

The Chase $100 Check Account Bonus has been a promotional offer that this financial institution has used several times over the past couple of years. The last time this promotion was run was in October of 2009. At the present time, all links that were associated with this offer show up at the Chase online banking site listed as cannot be found.

Each time this $100 bonus is offered for opening a checking account, there are several requirements. There must also be at least one direct deposit transaction each billing cycle and the ATM card used a minimum of 5 times. If the direct deposit is stopped for any reason, Chase will charge the account a $6 monthly maintenance fee.

The bonus also will not be awarded until 10 days after the first direct deposit has taken place. After which the account must stay open and active for a period of 6 months.

The use of any Chase or participating bank ATMs are free. However, if an ATM from another institution is used, the account will be charged a $2 service fee per transaction by Chase.

Once this promotional offer is active again, a coupon must be printed up and taken to a local Chase Bank branch office for a customer to take advantage of this deal.

This is not the only cash back bonus offer from Chase. They have a $125 promotional offer from time to time. Both have advantages and restrictions.

Be ready the next time Chase $100 Check Account Bonus becomes available and take advantage of it.

Chase Bank Loan Modifications

The Chase Bank Loan Modifications is a program to help those that are having trouble making their mortgage payments the opportunity to restructure their mortgage and keep their house from being repossessed. This is a great program that will stop a foreclosure from occurring on your principal residence.

This loan modification program was started on January 31, 2009 and will expire on January 31, 2011. Under this program, only mortgages owned by JP Morgan or any of its subsidiaries are eligible. This includes Chase, JP Morgan, Washington Mutual, and EMC Mortgage Corporation.

This program has several requirements including a present hardship in making the current mortgage payment. This hardship package must include a hand-written or typed statement clearly stating the hardship. Included with the statement must be tax returns, current and past pay stubs, bank statements for checking, savings, and any investments like CDs and any other financial statements you may have.

The types of loans that qualify for modification are adjustable rate mortgages, subprime rate mortgages, and Option ARM loans.

To qualify financially, the homeowner must be able to afford a debt ratio of 31% to 40%. Simply put, they must be able to pay 31% to 40% of their monthly income towards their mortgage payment.

By going to Chase Online Banking, homeowners can find the Chase Homeowner Center and receive help with their mortgage. There they will inform you where to start and what is needed to modify your mortgage.

The Chase Bank Loan Modifications program has saved over 750,000 homes from foreclosures so far.