Show OGDEN STANDARD EXAMINER SUNDAY MORNING SEPT OGDEN UTAH J 4i 1062 23 Mortgage Can Represent I Savings for Homeowner ! " You don't need to be a finan their mortgage For many this is a goal and an incentive for tier to understand mortgages ansaving And while they are pay Actually a mortgage is other way of saying loan But ing off the mortgage they are a mortgage is also a means of enjoying their new homes In forced savings For most of the lhe end they own their own millions of American families home outright and instead of a who have one their mortgage ?ollection of worthless rent re represents the only possible way ceipts they have property worth could have bought their thousands of dollars' they 4 There are three main types of homes A mortgage is simply a docu- mortgages One is known as the ment containing a written prom conventional This is any kind ise from the borrower to repay of mortgage that is not insured to the lender the amount of the or guaranteed by the Federal loan on the house together with government SUBJECT TO LAW a specified rate of interest The house itself is the security for The terms of the loan are the loan agreed upon between the lender Payments on interest and prin- and the borrower subject only cipal of the loan usually are to state interest rate laws scheduled through a plan of A second type is the d At monthly payments Federal The (regular mortgage ithe start the interest represents Housing Administration a Gov'the bigger share of the monthly ernment agency insures the I i lender against' loss through default on the part of the borrower Tho borrower pays an insurance premium Before it issues the insurance the FHA makes its own appraisal of the property to see that it meets the Government's standards The other type is the mortgage The "GI" bill authorizes the Veterans Administration to guarantee against loss any home loan it approves made to an eligible veteran by a private lender The ceiling on a VA guaranteed mortgage is $7500 ed so-call- ed Laundry Savings Can Reach $180 Homemakers can conservative or ly save 12 cents a load their cent by owning per own automatic washer as compared to what it would cost to machine use a In four years they will have saved approximately $180 enough to buy a new washer according to the American Home Laundry Manufacturers' 46 coin-operat- ed Planning to Remnodel? OR ADD AN ADDITION -- Then Call 1 STACEY&SON a:vis::-::J)f:- Construction Co : For FHA-in-sure- V r CAU VERN IX Expert Work 41447 Frti Ettimttt — Reasonable Prices payment INTEREST EASES But as it decreases payment on the principal increases by the same amount Thousands of families have watched with satisfaction as their monthly payments melted - CIRCULAR FIREPLACES are appearing in many new homes This one— installed in the middle of the living room— achieves beauty with stainless steel hood and ductwork DownVlfithnhese ri Inn 'uraia IWBOM Eioine Builders Week These Homes HOME INSULATION SPECIAL! Be Opened Will for Inspection Keep Your Home Comfortable All Year And Save Fuel Too! OPEN FROM 2 PM TILL DARK AAT Salo-Sa30 Special Close-OBalsom Wool Blanket Insulation LOMOND ESTATES 3100 NORTH 450 EAST-NOR- OGDEN TH — NEW READY FOR IMMEDIATE POSSESSION RAMBLER WITH ATTACHED GARAGE FIREPLACE FULL & Double Thick Sq Ft 712 C OVEN Standard Thick Sq Ft BASEMENT LOAAOND Hard Surfaced Streets THE- - ' Curb and Gutter Birch Cabinets and Doors Aluminum Windows and Screens Fireplaces Optional Post Formed Formica Tops Fuseless Overload Electrical Protection Heavy Sliding Glass Patio Doors Prewired for Phones Fully Insulated Gas Furnaces with Perimeter Heat O STEEL SINKS Flat THIS WEEK ONLY ESTATES Total Price $19500 FHA OR GI FINANCING BUILT BY WADE BROS AND THESE ARE 32 C CEILING TILE CHOICE VIEW LOT IN BEAUTIFUL AAT Cf PLUS ANOTHER FIREPLACE IN LARGE-LIVING-ROOMJM- PROPOSED RECREATION ROOM IN BRICK RANGE BUILT-I- N vo ut 12x12 Acoustical sq foot ' ' J 12x12 Decorator Sink only 498 16'ac 16x20 Sink only 16c 18x24 Sink only 765 965 18x30 Sink only 1060 16x24 Sink only 810 sq foot 16x32 White sq foot 14c Glass Lined Gas Water on Heater Eaves Gutters Double Compartment Sinks Brick Veneer or Frame Construction i Select Oak Floors Without or Basements With G E Built-i- n Ranges and Ovens Heavy galvanized Slip connectors for easy installation Spacious Wardrobe Closets Ventilating Fan Colored Crane Bath Fixtures Large tots 4-in- ch Half Round foot ch K 3-in-ch Sewer style foot THIS HOME IS ALSO BEING BUILT IN 18c 20c Conductor Pipe ft 20c This Wok TOILET SPECIAL Only have all accesories make it easy to "do it We NEW SKYLINE TERRACE to Complete With Seat 7TH NORTH— 7TH EASf IN BRIGHAM CITY ' BESSINGER ADDITION 1 TREMONTON UTAH 7TH NORTH TREMONT ST 2419 KIESEL AVENUE PIPE VALVES FITTINGS — Era AND INSURANCE AGENCY PRESIDENT LISTING 1 rO Cut and Thmnrl Pirrx ROY UTAH 3775 SOUTH 1900 WEST REALTOR-MULTI- PLE S I For All New and Repair Purposes We Have What You Want WADE PARK BLAINE HANSEN Acid-resisti- ng 14x20 PLUS FEATURES: 40-Gall- Rim j PHONE EX 4-45- 60 M m m 3 m V EX Across From f he Depot on 4-88- 65 Watt Ave L 5J7)fC3 £y |