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February 08, 1991 - Image 2

Resource type:
Text
Publication:
The Detroit Jewish News, 1991-02-08

Disclaimer: Computer generated plain text may have errors. Read more about this.

CHASE How EQUITY
LOANS AND LINES
OF CREDIT:
THE COMPETITIVE
TAX ADVANTAGE.

INTEREST PAYMENT DEDUCTIBILITY

CHASE HOME EQUITY PRODUCTS VS. OTHER FORMS OF PERSONAL CREDIT

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

As shown above, Chase Home Equity
Loans and Home Equity Lines of Credit may
provide substantial tax advantages. That's
because interest may be 100% tax deductible
on your home equity product amounts up to
$100,000'.' With credit cards, student loans,
installment loans and other forms of personal
credit, you may deduct only up to 10% of your
interest payments in 1990. And nothing from
1991 on. Plus with many of these other loans,
you may pay higher interest rates.
So it may make sense to pay off your existing
loans and credit card balances with a tax-

advantaged Chase Home Equity Loan or Home
Equity Line of Credit. Or use the proceeds to
finance home improvements, college tuition
and other large expenses.
Talk to the financing experts and maxi-
mize your tax savings. A Chase Personal
Financial Consultant is ready to help you select
the Chase financing package that's compatible
with your individual cash flow requirements. So
call today—and enjoy personalized service from
a home equity expert.
For information on Chase Home Equity
Loans and Lines of Credit calla local Chase
office at the number listed below. Home
Equity Programs up to $500,000, and
higher are available if you qualify.

Chase Personal
Financial Services

il■ CHASE

*Since each person's tax situation is different, it is recommended that you consult your own tax adviser on how tax laws may apply to your particular situation.
The Chase Home Equity Line of Credit is available only for 1-to-4 family primary residences. Your Home Equity Loan or Line of Credit will be secured by a mortgage
or deed of trust (lien) on your home.

CHASE MANHATTAN OF MICHIGAN

BLOOMFIELD HILLS
Ross Roy Building
100 Bloomfield Hills Parkway Suite 140
Bloomfield Hills, MI 48304

313-645-6466

© 1991 Chase Manhattan Financial Services, Inc.

2

FRIDAY, FEBRUARY 8, 1991

EQUAL HOUSING
OPPORTUNITY

4231

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