Lower rates reduce cost of home-equity loans for adoptive families
NEW YORK, Nov. 26, 2007 – Chase today introduced New Additions, a discounted home-equity loan program to help families pay the often steep expenses of adopting a child.
“Adding a child to the family brings great joy, but the costs involved — fees, travel, time missed at work and upgrading your home-can be sobering,” said Brad Conner, President of Chase Home Equity. “So we created Chase New Additions, which will help homeowners tap their equity more easily and less expensively.”
Chase New Additions provides an introductory rate discount on home-equity lines for adoptive families. In addition, borrowers are served by dedicated lenders available online or by phone.
“I applaud Chase for reducing the expenses for families who have so much on their minds,” said Rita Soronen, Executive Director for the Dave Thomas Foundation for Adoption. “We believe every child deserves to live in a safe, loving and permanent family.”
Chase’s home equity website – www.chase.com/NewAdditions – also provides links to the Dave Thomas Foundation and its range of resources. Chase is launching New Additions in concert with today’s National Adoption Day across the United States.
Chase’s parent company, JPMorgan Chase & Co., consistently ranks among the best employers in the Dave Thomas Foundation’s annual Adoption Friendly Workplace ranking. Chase provides employees with $10,000 in adoption assistance, in addition to family leave and other benefits.
For more information on Chase New Additions, call 1-866-345-7687 or visit www.chase.com/NewAdditions.
Chase is the U.S. consumer and commercial banking brand of JPMorgan Chase & Co. (NYSE: JPM). Chase has more than 150 million credit cards issued and serves consumers and small businesses through nearly 3,100 bank branches, 8,900 ATMs and 280 mortgage offices as well as through relationships with 15,000 auto dealerships and 4,300 schools and universities. It also serves more than 30,000 commercial banking clients, including corporations, municipalities, financial institutions and not-for-profit entities. More information about Chase is available at http://www.chase.com/.
About The Dave Thomas Foundation
The Dave Thomas Foundation for Adoption is a nonprofit public charity dedicated to dramatically increasing the adoptions of the more than 140,000 children in North America’s foster care systems waiting to be adopted. Created by Wendy’s founder, Dave Thomas, who was adopted as a child, the Foundation leads signature national service programs and works to streamline the adoption process and make adoption more affordable for families. As the only foundation dedicated exclusively to foster care adoption, we are driven by Dave’s simple value: Do what’s best for the child. To learn more about the Foundation’s work, please visit http://www.davethomasfoundationforadoption.org/.