OCR Text |
Show Expand Your Home Through Remodeling Loan Projects which are not “essen- ered non-essential under FHA it is getting tougher and tial” to a home, such as a tennis court or a greenhouse. ne house to a bigger or better TWO: Bank Home Improve ment Loan. A home-owner can regulations, such as wall-towall carpeting and |andscaping THREE: FHA Long-Term Loan. Under Section 203K of the Federal Housing Act, a home With the cost of new homes hooting uplike a startled cat bird. tougter to make the jump from ene Many homeowners arefinding that one good answer to this problem is not to moveat all but to improve and expand the homes they have now Noi or f it apt to be che fets themstay in ne 8 they've cometolike and allows kids to stay in schools that are familiar Most home cant be the borrow upto $3,500, and in some cases more, and take five years owner may be able to borrow to repay, up to $10,006 for a one-family depending nevessa dwelling, $20,000 for two-family, $30,000 for threefamily and $37,500 for four-family, for as jong as 20 years. Hf the home is less than 10 FOUR: Open-End Mortgage Loan. Does the home mortgage contain an “open-end” provi- sion? If so, it may be possible to obtain money for home im provements by adding the amount borrowed to the original joan FIVE: Refinancing Present ~ SUNDAY, APRIL 20, 889 Mortgage. If the mortgage has no open-end clause, it may be possible to retire the existing mortgage, then get a new one in a larger amount to include money for improvements Some states’ statutes do not permit refinancing SIX: Personal Bank Loan: If homeimprovement projects are small, consider a personal bank loan. Sunday Herald 9B_ SW INGepRING: CPRING improvements but banks stand willing to lend the sh. the tirely on their own, so they are Not subject to FHA regulations. Therefore, the money can be used for improvements consid- financed right out of pocket, ready and on bank’s_ policy Banks make these loans en- for major structural changes. such as adding a new wing or room According to the American Bankers Associa years old, the loan mustbeused Prove Utah into tion. here is a brief summary Of the six main ways to finance home improvement today ONE: Title 1 Loan. A homeewner can borrow up to $5,000 with Yard-Man or Sunbeam With seven years to repay un- der this short-term loan insured bythe Federal Housing Admin- istration. Such loans can be used only YARDMAN POWER REEL MOWERS to finance alterations and repairs that will protect or imProve the basic livability or tility of the already existing structure ‘The loan may not be used for There’s A New Look In Watering Homeowners who think that automatic underground sprink- ler systems are luxury items hadbetter take another look at the market. You can now end hose dragging and beat lawn walering woes with new underground systems that are both inexpensive andhighly efficient. The advantage of automatic systems is that they place the Tight amount of water in the right place, at the right time. 1040-6 — 18% POWER REBL MOWER ...... Se eeionisye The timing mechanism works like a clock radio. It can be Programed to operate in the early morning hours while you sleep, when water pressure is HAND REELS the highest and the water i from evaporation and wind is Jowest. These sprinkler “controllers’”” can be set to keep Model 1005 16” Hand Mower $37°° Reg. $47.95 NOW .......... your Reg. $49.95 — As shown......$39°° grass watered whether you're in your backyard hammock or under a palm tree on vacation. All the tools needed to install an underground sprinkler system are a square-tipped spade to slit the turf and bury the pipe, and a knife to cut the pipe and control tubing. All connections are madeeasily by and and mistakes (if there are any) are corrected simply. Homeowners who want to be- gin with a manual underground system can do so with a kit that costs only $29.9. The Toro Moist O’Matic kit contains a wave sprinkier, 35 feet of polyethylene pipe, a hose adapter and a pipe adapter. The wave sprinkler sends up a fan-jet spray of water which falls like a gentle rain and will cover up to 2,000 square feet. The Moist C’Matic equipment is designed go that the homeowner can work out his own system and add to it as his budget permits. Model 1010-5 — 18” Manypeople have stated, "Yard-Man Hand Reels are90 quiet, it's hard to believe | am actually cutting my lawn. is to try itt Hf you doubtthis, the one sure way to find out surprise — When you do, you'll get another worthwhile ‘Silent’ Yard-Man HandReels are alsothe easiest pushing without and silent is mowersin the world! The operation Hand effort—the bladescutlike scissors, smooth and clean. operated Fast-Set Wheel and Roller Adjustments always maintain the correct cutting plane. A little effort with a Yard-Man goes a long way towards @ beautiful lawn, Yard-Man also has a 6° open-end Trimmer that operates the same way. 1050-6 — 21” POWER REEL MOWER ....... alale(eeeie! 1070-6 — 21” PROPESSIONAL POWER REEL MOWER ........ Ms cove TBO seer149” oe Soro169° There's @ reason why Yard-Man Power Reels are recommended by lawn experts who know equipment. Yard-Man Power reels are the precision built mowers... boast the finest cutting reel ever made . . .the fomous Silent’ Yard-Man, with @ cutting action 40 exact and precise the blad never contoct the bedknife. Six Austempered Stee! Blades evt grass like scissors, , clean and silent . . + hold @ sharp cutting edge longer and are super-tough fo resist nicking or breaking, Yard-Mon Power Reels feature the Magic Contro! Safety Handle .. . roise to go, lower to stop. The handle adjusts to operator's height and folds down for comPact storage or transport. Wheel and Roller positions adjust by hand levers and knobs through five settings from 4" to 24”. Extended Life Construction offers these features: Chrome Handles. Sure-Fit Hond Grip. Anti-Wind Grase Guards, Double riveted steel spiders. Oi impregnated wheel bearings. Engine mounted controls. Precision, ball-type Reel Bearings. MANY OTHER MODELS TO CHOOSE FROM. Priced From . . a STIG” SESSIONS Homeof Fine Furniture 264 NORTH 100 WEST — PHONE 374-1600 PROVO, UTAH 8460! |