"I REDUCED MY MONTHLY MORTGAGE PAYMENTS BY $437 THANKS TO CHASE:" • • If you took out a fixed or adjustable rate mort- gage several years ago, now may be the right time to refinance with a mortgage from Chase. That's because interest rates are currently very favorable. And Chase has a variety of flex- ible financing options that help you take advan- tage of these rates. Switch to a Chase Financing Program now. On a $500,000 fixed rate mortgage, you could reduce your monthly mortgage payments by as much as $437 a month by changing to a Chase mortgage at competitive rates. Since Chase doesn't require a tax or insurance escrow account, you'll also save on upfront costs. And with our low closing costs you might save even more. You also have the option to refinance your mortgage for more than your present loan bal- ance. This option lets you borrow your closing costs, so you pay no out-of-pocket expenses. The equityyou've built up in your home can also be used to fund your child's education, make home improvements, finance a vacation home and more. Let a Chase Personal Financial Consultant show you all the benefits of refinancing A Chase Personal Financial Con- sultant will work closely with you to help design a financing plan to meet your needs. And since our expert Consultants have the authority to approve loans, you'll receive a quick loan deci- sion in 72 hours or less. Discover how much you could save when you refinance now with a Chase mortgage. Simply call your local office below. If your borrowing needs are up to $1 million or more, talk to a Chase Personal Financial Consultant. Chase Personal Financial Services d m. CHASE As an example, assume a 00,000 fixed rate loan with a 30 year term at an interest rate of 11.25% and two points (APR 11.510) and a monthly payment of $4,856. Refinancing this fixed rate loan after two years to a fixed rate loan at an interest rate of 10.00% and one point (APR 10.118) with 360 equal monthly payments of $4,419 would result in a $437 reduction in your monthly payment. This interest rate mayor may not be in effect at the time your loan is approved. 4235 CHASE MANHATTAN OF MICHIGAN BLOOMFIELD HILLS Ross Roy Building 100 Bloomfield Hills Parkway, Suite 140 Bloomfield Hills, MI 48304 313-645-6466 © 1990 Chase Manhattan Financial Services, Inc. 2 FRIDAY, JANUARY 25, 1991 EQUAL HOUSING OPPORTUNITY