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tax benefit. Stretch said the shock might be as much psychological as financial. However, the commercial banks will ensure that where financing facilities are extended by them to the exporters for chase manhattan mortgage payoff refinance facilities under the Export finance Scheme and their maximum margin does not exceed 1.5 percent p.a. Mac deputy chief economist. “The large share of borrowers who took cash out when refinancing their mortgages combined with the strong overall refinance volume led to an extraction of home equity through prime first-lien refinances of $60.4 billion, almost equal to the revised estimate of $60.7 billion extracted in chase manhattan mortgage payoff second quarter. With