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What is the Chase Fixed Rate LockSM Option?

April 26, 2017Chase fixed LockSM option rate

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What is the Chase Fixed Rate LockSM Option?

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If you have a Chase Home Equity Line of Credit, you’ve probably noticed that your monthly payments change with your variable interest rate. With the Chase Fixed Rate LockSM Option, you can solve this issue by converting — or “locking in” — all or a portion of your outstanding balance to a fixed rate. This gives you greater control over your monthly payment.