Salt Lake Telegram | 1922-01-01 | Page 28 | Home Purchase Plan Popular

HOME PURCHASE 5 PlAN POPUlAR Jenkins Ashton-Jenkins Company Has Novel Scheme 5 That the home purchase plan re recently reent re- re ent inaugurated in Salt Ll Lake e b by the Jenkins Ashton-Jenkins company company in conjunction Ion tion with wih the Equitable Life Insurance company is meeting the favor of local householders is the declaration of Blair lair Richardson of the Jen Ashton ins kins company compan Mr 11 Richardson be- be lees ieves that the plan will wi prove pro e a de desirable do- do aid in relieving the housing situation and in aiding peo people le of moderate mod mod- mol mol- rate erate means to clear the mortgages on I their home on an easy payment plan extending over a period of ten years Under this plan the man buying a amine borne mine need have ha e no fear that his family fam fam- II ily nY will wi be left lef with wih a heavy contract in n the event of his death The home is accompanied by life ins in- in s urance which automatically pays off he loan in the event ent of death The plan is open to those people who 11 have their homes half paid for it t enables them to obtain it a loan for fori i l period of ten years ears at a nominal rate lof of Interest The loan loan loanis is repayable in tasy teasy monthly instalments and is free of hf the difficulties which are faced by bythe the ine he home purchaser when ordinary Boans l are recalled Under this contract only 6 per cent centis js is jl ch charged although the present present rates of f interest run rn as high as 8 and 9 per percent dent cent This saving alone makes it at attractive attractive at- at although the most substantial feature of the plan is to be found in inthe inthe inthe the fact that that it provides a home for forthe forthe forthe the family free tree of all aI incumbrance in inthe inthe inthe the event of death