Chase Adopts Loan Benefits to Help Expanding Families

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.