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Show Refinancing Available On Veteran Home Loans A new Uw provision permits veterans who obtained a Veterans Administration guarantee to refinance it with a VA guaranteed loan at a lesser rate of interest without use of additional loan entitlement. "The dollar amount of the loan guarantee applicable to the old VA loan is essentially transferred to the new loan," said Floyd Johnson, VA loan guaranty home-loa- n guaranteed wont be appli- cable to the new refinanc- ing loan, he continued. "There won't be any additional charge to the veteran's remaining loan entitlement, if any, in connection with the refinancing to 19.5 percent during that same period. Home loans and mobile home loans may be refinanced with new guaranteed loans under the new procedure. The refinancing loan must be secured by the same home, mobile home and-o- r mobile home lot as that which secured the loan to te refinanced, loan." Johnson stressed the importance of the new provision since the basic VA home- - loan rate currently Johnson said. 15.5 percent The veteran must own ranged from officer for Utah. and occupy the property 16.5 percent to 17.5 per"Any increase in maxi- cent between last August securing the loan to be remum guarantee entitle- 17 and Novemlier 16. And financed. N'o property ment authorized by law that for mobile- - home units appraisal or credit undersince the prior VA loan was now 18.5 percent went writing will be required by - - - - VA in connection with be refinanced. such loans. And the new If the veteran whose enloan must be at a lesser titlement was used to obrate of interest than the old tain the existing VA loan is VA loan. deceased, Johnson said, reJohnson said that the gardless of the cause of veteran cannot oMain cash des'h, and the veteran's The new loan is unmarried surviving spouse firoceeds. a maximum of was a on the the balance of the old loan existing loan, the unmarplus allowable closing costs ried surviving spouse is and a reasonable discount. considered to lie a veteran If necessary, the refifor the purpose of refinancnancing loan amount must ing the existing VA loan be rounded down to avoid under this program. Such the payment of cash to the surviving spouse must own veteran. The terms of the and occupy the projierty to new loan cannot exceed the be refinanced. He said that the refi original term of the loan to nancing of a VA loan under this new program won't preclude restoration of the veteran's entitlement subject to existing requirements. Further information is available by telephoning the loan guaranty division in the Salt Lake City VA Regional Office toll free in the Salt Lake in Ogarea, City in Provo and den, 524-5Ki- 399-443- 3 375-290- 2 elsewhere in Utah. Him whom a little will not content, nothing will content. F.picurus - The new year means Tourlc Transcript, Thors. Decendier 10, 19S1 New Year's resolutions. One way to start the year out right is to resolve to eat better. And, eggs can lie an important part of a nutritious diet. They contain only about 80 calories each, but they're packed with vitamins and minerals as well as high- - quality protein. 08?QfilbGi)(5WiH Many Christmas butter cookies do not need buttered pans or sheets for baking. When they do, it's nice to have parchment or foil wrappers from sticks of hotter keit refrigerated for doing the job quickly and n (Oy Vfcl' oasttooastt easily. he Christmas Place Special 7.77 Womens flannel sleepgown. Our cozy sleepgown chases the chill away. 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