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March 11, 1994 - Image 33

Resource type:
Text
Publication:
The Detroit Jewish News, 1994-03-11

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

INTEREST

HOME EQUITY LINE

and Clerical Trainers' Net-
work. The network is com-
prised of secretarial and clerical
trainers from around the
world.
—WILLIAM E. ORTiE has
joined the Bloomfield Hills in-
vestment counsel and financial
management firm of Zaske,
Sarafa & Associates Inc., as a
vice president. The 35-year-old
West Bloomfield resident
comes to ZSA from Roney &
Co., where he was director of
its Investment Management
Services in Detroit.
— JOAN BROWN of
Farmington Hills is a new sales
associate at ERA Ryrnal Symes
Realtors in West Bloomfield.
Ms. Brown is responsible for
ERA Rymal Symes listings and
sales in the Farmington Hills
area.
— RUTH RATTNER of
Art Advisory Services in Birm-
ingham has been elected Mid-
west regional representative of
the Appraisers Association of
America.
—ROBERT GOLDFARB,
president and CEO of Goldfarb
& Company Inc., a Southfield
advertising agency, has an-
nounced the formation of a new
division, On-Ramp. The divi-
sion will study and utilize the
emerging applications on the
"Information Super Highway"
as they relate to advertising,
media and marketing.
— TED EFROS is helping
staff the first branch office of
Capital Mortgage Funding, lo-
cated in downtown Rochester.
Mr. Efros is a company assis-
tant vice president.
—ROBERT B. LABE has
announced that his recently-
formed Southfield law firm has
been selected by Martindale-
Hubbel to be listed in its Bar
Register of Preeminent
Lawyers in the areas of corpo-
rate law, tax and estate plan-
ning. Martindale-Hubbel is the
premier rating agency for at-
torneys.
— ROBERT A. FELD-
MAN has become a principal
with the law firm of Wise &
Marsac, which has offices in
Detroit, Birmingham and Ann
Arbor. Mr. Feldman is an au-
thority in computer law.
— JEFFREY WEISS has
joined the International Tax
Services Group of Price Wa-
terhouse in New York as a tax
consultant. Mr. Weiss is a for-
mer West Bloomfield resident.

We welcome your suggestion&
Please mail typed and double-
spaced items for °Kudos". to
Steve S:Tin at The Jewish News,
27676 Franklin Road, South-

Lowest Payment
In Michigan.

Old Kent's new Interest-Only Home Equity Line of Credit gives you a
minimum monthly payment that's over 60% lower than any leading bank in
the state! In fact, if you find a lower advertised home equity line of credit
payment at any Michigan-based bank, we'll match it!*

FLEXIBILITY PLUS DEDUCTIBILITY.
Our Interest-Only Home Equity Line offers the ultimate in financial
flexibility: You can pay less when you need to, more when you want to.
And unlike many loans, home equity interest is tax deductible. So your
low 8% variable APR can become an even lower 5.76% after tax rate?*
So why not consolidate your loans now and take advantage of our
flexibility and deductibility?

INTERESTED? COME TO OLD KENT!
Get our Interest-Only Home Equity Line – another CommonSense LoanTM
from Old Kent.

MINIMUM MONTHLY PAYMENT REQUIREMENT

FIRST OF AMERICA

$241.60

COMERICA

$240.00

FMB

$240.00

NBD

$240.00

$217.44
........,.:.,.-- ---.. :..-„, .-: – :,:...:.-1&-:•
- ......,....-w..!?.74914... ,-.-. .-- ....-- .„ .::.,:4.,-,..„7,

MICHIGAN NATIONAL

Minimum payment based on advertised rates and terms, $17,000 credit
limit, $12,000 balance outstanding, and rates as of 1/3/94. Old Kent's
minimum monthly payment requirement based on interest only. All other
banks include principal and interest. Rate based on Wall Street Journal
Prime Rate, plus 2% for Old Kent, NBD, First of America, Michigan
National and Comerica; and FMB's Treasury Bill Index, plus 4.5%.

IX OLD KENT

Common Sense. Uncommon Service!'

Grand River

Ann Arbor

Brighton/Main Office

Brighton Mall

Clarkston

East Highland

662 8666

227 8700

227 8750

625 8800

887 4141

227 8740

Plymouth

Southfield

Walled Lake

-

-

-

Hamburg

Highland

231-3900

887-4181

Milford

685 1555

-

-

455 5010

-

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353 3010

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624-4534

Coming Soon: Novi & Canton

*Based on the most recently advertised rates and terms.
**Based on 100% tax deductibility of interest and 28% tax bracket. Consult your tax advisor regarding tax deductibility.

Annual Percentage Rate on Home Equity Line of Credit as of 12131/93 is 8% on credit limits of $5,000-19,999 and 8% on $20,000 and over
APR may vary but will not exceed 18% and can go as low as 8%. A balloon payment will be due at the end of the fast year if your line of credit
is not renewed. Homeowners' insurance required. Must apply and be approved. Offer valid only in Michigan;
LEN
expires March 19, 1994. Offer subject to change without notice.
COLD KENT BANK 1994.
MEMBER FDIC.

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33

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