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Compare Lock options — With the Chase Fixed Rate LockSM Option, you can lock an interest rate for all or a portion of the outstanding balance of your home equity line of credit.
The table below displays the maximum amount you can lock. Please:
  • Enter your desired Lock amount and click "See Lock Options."
  • Choose the Lock that appeals to you most.
  • Use the "Select a Lock description" drop-down menu to name your Lock.
  • Click "Next" to move on to the next step.
 
 
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Lock My Equity Rate – Step 1 of 3

    
 

HOME EQUITY LOC (...8446)
  You can lock an interest rate for all or a portion of your current variable outstanding rate balance.
  The maximum amount for a rate Lock is:$59,000.00
A*$ B See Lock Options  
C*:
  * Required field
 
 
 
 

Disclosure

Currently the minimum term is 12 months and the balance minimum is $1,000 & cannot be more than principal revolving balance (including any pending advances taken that day). Term must be greater than 12 months & cannot exceed the lesser of 30 years or the HELOC maturity date.

1 The payment amounts are estimated based on the Lock amount. Your actual payments may vary slightly.

Interest-only payments will vary each month based on balance and the number of days in the statement cycle (not month). The payment amount each cycle will include Lock payment(s) as well as revolving monthly payment. During the interest-only lock period principal is not reduced. Always consider paying more than the minimum payment to pay down the principal and reduce higher payments at the end of the lock period.

Your first payment after establishing the Lock will be larger than normal because it includes not only the Lock payment, but also the interest that accrued on the line balance before it was moved to the Lock.

If you decide to unlock or cancel this amount after Chase processes the Lock, Chase assesses a fee for unlocking or canceling. At this time, the fee is 1% of the original Lock amount up to $250.