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Show toy rites of Interest fcrS:IMc::e l.::nel::"Ers ; Mortgage ,- and loan agents doing business tn Salt Lake declare that ."The City of Opportunities" la one of the moat substantial and solid In tb n. tire, counOry, particularly .in that part of the country bounded by the eastern' edge of the Rocky mountains and the Pacific coast line. They . declare that there Is more money to be had here, at lower rates of Interest, than in any othef city of the Rocky mountain or Pacific coast region. .Salt Lake real estate la considered the best possible kind of security for mortgage loans, andlnoney Is obtainable obtain-able at as low a rate of Interest as anywhere else In the West, and at low-er low-er r&taa than in some Pacific coast and Rocky mountain cities that are making a great deal more noise than tnia city about what they are and what they will be In the ner future. Spokane. Wash-. Is cited as aa example exam-ple of this. There the rate of interest for business toans, for general business, busi-ness, Is 8 per cant per annum, Los Angeles An-geles runs from to 7Vi per cent. Portland Port-land the same, and Salt Lake holds the low mark at per cent flat. New York call loans are from SK to t per. cent ..Salt Lake aa Xar from the financial center as she Is. lets money out on call loans at B per cent. This Is better by from H to 1 per cent to 1 per cent than it can be had in certain other cities of the West. Business property loans run at per cent, and loans for modern residence buildings are made almost invariably at T per cent. There are a large number num-ber of heavy loana on first-class business busi-ness properties, with stated Incomes from rentals, at as low a rate as S per cent. . The homeseeker has advantages and opportunities here to secure for himself him-self a modern and comfortable home at any cost he may desire, on easier terms than In any other city of the West. Every advantage Is offered, and every inducement Is held forth for homeeeek-ers homeeeek-ers to provide themselves with their own homes, and pay for them at their own convenience. More homes are being built here at this time, and -In this era oi general prosperityj than at aay other period of the citys growth and development. These homes are not the outgrowth of 'a boom spirit that pervades Investors, but are the result and the natural Indication Indi-cation of the confidence that the .common .com-mon people, as well aa those of wealth, have in this dry and her future. Many men of small means are building build-ing homes, paying a small part down, and the rett In monthly installments. While paying for his home toy the month, which is virtually the same as paying rent, he can Improve his property prop-erty and add to its value. Ultimately he will reap all the benefits of his Industry In-dustry and foresight. These conditions have not always prevailed. - They have existed only within the last few years, when the far-sighted business men, the moneylenders money-lenders and other Investors felt assured that Salt Lake's future was so bright that her real estate, either improved or unimproved, was and always would be, a gilt-edged security. a- e e -The low rates of Interest charged to legitimate Investors and to homeseek-ers homeseek-ers is the greatest evidence there is of the unbounded confidence in the security se-curity f the city. Both . capitalists and borrowers realise this. The day win never be seen when homes can be built at better advantage than they can at this time, and the day will never come when home-owners cannot cash their homes In at par value the aame as though they were New York drafts. Mortgage loan agents who have been In business for many years say that conditions were never better for the homeseeker than they are today. Ten years ago, they declare, the Interest demanded de-manded of borrowers who desired to build their own homes was from 10 to 13 per cent per annum. As the future of the city became brighter, and as conditions generally Improved, aa more permanent Investors appeared and placed their money and their confidence in the city, the rates gradually dropped, until they have now reached rock-bottom, and now therd Is not a city In Che country that offers better advantages to the legitimate Investing borrower than Salt Lake. "The City of Oppor-tunltles." |