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JP Morgan Chase

JP Morgan Chase is not only one of the world's largest financial institutions, it is also one of America's oldest. While today the bank represents a merger of more than 1200 predecessor institutions, the original bank was formed in New York City in 1799.

Chase operates in more than 60 countries serving millions of consumer and business customers. The bank has 19,000 ATMs and more than 5,600 branches in the U.S.

At the end of 2012, it had assets of more than $2.3 trillion. In addition to personal and small business banking services, Chase provides investment banking, private equity and asset management services to its customers.

Financial products

Chase is a full-service financial institution that offers life insurance and annuities, investment services and both online and mobile banking to its customers. Personal financial products in addition to mortgage loans include auto loans, student loans, credit cards, checking accounts, savings accounts, certificates of deposit and retirement accounts. You can even order gift cards online from Chase.

All deposit accounts are fully FDIC-insured to the maximum limit of $250,000 per depositor.

Mortgage products

Chase offers mortgage loans for home purchases and for refinancing, including fixed-rate home loans, adjustable-rate mortgages (ARMs), FHA loans and jumbo loans. Fixed-rate loans are available in 10, 15, 20, 25, 30 and 40-year terms, and ARMs are available with 5/1, 7/1 and 10/1 terms that are fixed for the initial period and then adjust annually.

The "DreaMaker Mortgage" from Chase is a specialized mortgage product with flexible credit requirements and the ability to finance as much 95 percent of the home value. Chase also offers home equity loans and lines of credit that you can use for paying for home repairs, college tuition or debt consolidation.

The Chase website offers a variety of educational information and tools to help you make an informed decision about your mortgage and the homebuying process. In addition, the Chase Homeownership Center is an online site to help homeowners avoid foreclosure.

As one of the five largest banks, Chase’s size allows it to offer a wide range of products for its customers. Bauer Financial gives the institution a 3.5 star "good" rating for its stability.