The factors that affect a Chase home equity rate are multiple, including the fluctuation of the variable rate as well as the terms of the specific loan agreement, according to the products and services page on Chase.com.
The Chase home equity rate is a variable rate which includes fluctuations that are not dependent upon the borrower's loan amount or withdrawal activity. The maximum rate charged for a home equity loan is determined by the amount borrowed, according to the Chase HELOC information page. For home equity lines of credit between $45,000 and $99,000, the maximum interest rate is 6.38 percent annually, as of 2015. For loans and lines of credit between $100,000 and $149,000, the maximum rate is 5.87 percent. Rates for loans between $150,000 and $249,000 also have a maximum rate of 5.87 percent annually. The top bracket of borrowed amount is charged at an annual rate of 4.5 percent.
A borrower can receive a discount .25 percent on his HELOC rate when combining a Chase home equity loan with a Chase personal checking account. A rate discount of .50 percent is available to Chase customers who have a Premier Platinum checking account.
The base terms and rate for a home equity loan are determined by the strength of the initial application. The application is evaluated based on the customer's credit score, the home's loan-to-value ratio, and the customer's personal debt-to-income ratio.