The Chase 40 Year Jumbo Mortgage Plan:
Serving Detroit's Metropolitan
for four decades.
Charles A. Buerger
Arthur M. Horwitz
Whether you're purchasing or refinancing,
the new Chase 40-Year Plan lowers your
monthly payment and increases your tax
advantage. Your tax advisor can give you details.
In addition, the plan offers:
• 15-year term with a choice of 15, 30 or
• Loan amounts up to $1 million or more
• Competitive fixed rates and fixed monthly
• No point programs.
• No application fees and no tax or insurance
• 48-72 hour loan decisions.
For more information, call your local Chase
Personal Financial Services office. And discover
how to pay less per month and less on April 15.
Carla Jean Schwartz
Chase Manhattan of Michigan
Bloomfield Hills: 313-645-6466
For example. On a typical 15-year fully amortized $500,000 loon, the loon would be repaid in 180 equal monthly payments of 55,451.47 if the A.P.R. were fixed at 10.256%. On a typical 15-
year 5500,000 loon with a 30-year amortization, the loan would be repaid in 179 equal monthly payments of 54,529.29 and a final balloon payment of 5417,064.72 if the A.P.R. were fixed at
10 381% On a typical 15-year 5500,000 loan with a 40-year amortization, the loan would be repaid in 179 equal monthly payments of 54,445.30 and a final balloon payment of 5475,081 75 if
the A.P.R. were fined at 10.506%. These rates may or may not be in effect at the time your loan is approved. Down payment requirements apply. C 1989 Chose Manhattan Financial Services Inc
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1989 by The Detroit Jewish News