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Get 1% cashback on mortgage from Chase Bank


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#1 markber

markber

    1 billion bucks

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Posted 11 October 2009 - 09:48 AM

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Terms:

Offer available on new Chase first mortgage purchase and refinance applications submitted on or after 8/1/09. 1% of one month's scheduled monthly principal and interest (P&I) payment of the new mortgage will be calculated and totaled over a 12 month period. The 1% calculation applies to scheduled principal and interest payments only and does not apply to additional principal payments made by borrower or to payments for escrowed items such as taxes and insurance. The first and last year's anniversary calculation will be based on the number of monthly payments in that year. All other subsequent annual awards will be calculated and totaled over the prior 12 month period. At discretion of borrower at enrollment, the sum will be awarded via direct deposit into a Chase checking account or applied to the outstanding principal balance on or about each anniversary date of the loan origination.


The patent pending 1% Mortgage Cash BackSM program available in AZ, CA, CO, CT, GA, IL, KY, NJ, NY, NV, OH, OK, OR, TX, UT, WA, WV, WI. Also available in FL, ID, IN, LA, MI however certain geographic restrictions apply in these areas.


A new or existing Chase or WaMu personal checking account is required along with enrollment in Chase's automatic mortgage payment service at the time of closing where the mortgage payment will be automatically deducted from the Chase or WaMu checking account. Verification of the active checking account will occur prior to issuance of the annual award. The offer may be nullified, and no payment will be made for the 12 month period involved and thereafter, upon any of the following: (a) cancellation of automatic mortgage payments or the Chase or WaMu checking account, whether by you or by Chase as described in your automatic mortgage payment or Chase or WaMu checking account agreement, (cool.gif any monthly payment not received within 45 days of the payment due date, or © any payoff of a mortgage included in the 1% Mortgage Cash BackSM program other than a Chase to Chase refinance.

This offer may not be combined with any other offer or program and is not transferable. The offer is limited to one per borrower. Bond loans and any other loans where servicing is not retained by Chase, are excluded. There is a $500 calendar year cap on the principal reduction and cash back amount, including any anniversary award payouts and accrued rewards on a Chase to Chase refinance paid out in the same calendar year. The program may be discontinued at any time.







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