Chase Home Finance Informative - Original Mortgage Co. sold my mortgage
MARYLAND -- I have not had any bad experiences from this as of yet but having been an avid reader of my3cents reviews I'm getting a little worried.
In October, 2005 I purchased my first home. I locked in at 5% interest. I got a notice in November that my original mortagor "transferred" my mortgage to Chase Home Finance. With all of the horrible things I've heard about Chase Bank, I'm a bit gun shy when it comes to dealing with this company.
Now, for those of you who have owned homes for a long time, this may seem like a really stupid question but I'm hoping someone will be kind enough to answer. It isn't possible for Chase to raise my interest rate, is it? I already have $250,000 equity in my home as my down payment was for that amount. Should I wait a little bit and then refinance or do you think I'm safe with this particular company?
Thanks for your help!