February 23, 2007:  For the Texas market, Chase Bank, one of the country's largest residential home lenders, is unveiling a new mortgage product that gives consumers immediate access to use available home equity.

The institutions's new Chase Cash-Out Refinance Mortgage, refinances the first mortgage and puts in place a home equity allowing consumers to take out additional cash as needed up to 80% of equity without adding to their monthly mortgage payments.

With Chase's Cash-Out Refinance Mortgage, borrowers in Texas can:

- Borrow up to 80 percent of the value of their home with a single loan and just one monthly payment.
- Choose from a range of options, including fixed- and adjustable-rate amortizing mortgages and reduced-documentation loans.
- Use for single-family homes, condos and planned unit developments.
- Take advantage of tax savings, because interest may be tax deductible.