Show - mi yf jr "“hij r r y i0rfiarye?fSi‘ y To place your ad phone Dial Classified Advertising Section 237-200- 0 To cancel or correct your ad Dial The Intermountain Area’s Largest Shopping Center 237-200- 0 THreat plage ( TO BUY SELL V TRADE OR RENT Salt Lake City— Sunday November 20 1988 C Section Page Tight Credit May Hurt US Housing About Real Estate Homeowners Should Be Aware of Tricky Insurance tects" the home buyer By Don G Campbell What we think or say and what others THINK we have thought or said can sometimes be miles apart DEAR MR CAMPBELL: I read your column and get a lot of useful information from it However in a for the home buyer It simply tects the lender's investment As you have " indicated simply means that the federal agency is insuring the lender against loss resulting if the home buyer defaults on his mortgage Small comfort for the home buyer And the insurance that lenders insist that their home buyers carry — the premium for which is tacked onto the monthly payment along with the impound for taxes — once again offers scant if any protection "FHA-insured- recent column I feel you missed the point that these poor misguided people were asking What they were really talking about was insurance You see they referred to Federal Housing Administration insurance and the last sentence was “I know that it needs more insurance coverage” You say “insured” to some people and they think it means insurance for THEM My daughter works at a mortgage company and people all the time call in thinking their house fire will be " loan covered by the they have In fact many people do not bother to get home insurance because they think they are insured by FHA I know this seems hard to believe but it is true Many people do not understand the basic language of insurance and mortgages Mrs SMK Columbus Ohio ANSWER: I couldn’t agree with you more and the points you raise are 100 percent on target I would only quarrel with you on one detail: The previous letter wasn't really about insurance (at least in my opinion) but about the mistaken belief the writer had that if she and her husband improved and expanded their home — and if the lender found out about it — this would open the door for him to raise their monthly payments Which of course is not the case I have found that most letter writ” ers use the phrase simply to mean that they are talking about an FHA loan as opposed to a conventionally financed mortgage However you are dead right about the extent of the misunderstanding not only regarding FHA insurance but perhaps even more importantly about the insurance that home buyers must carry at the insistence of their lenders Neither really “pro pro- So you've got a house that had an original $75000 mortgage on it and over the years you've reduced it to $50000 A horrendous fire erupts and the house is leveled The insurance pays off the $50000 still owing to the lender You? Sorry about that You have nothing coming for the replacement cost of the house nor for any of the contents You own the lot the house stood on and that's it The only real plus for the home buyer with this sort of insurance is that in the event of total loss he won't still owe on the mortgage for a house that no longer exists Some comfort but not much The only true protection for the home buyer then is homeowner's insurance Depending on how much coverage you want it will cover YOUR losses either entirely or in part This means replacement (or repair) costs loss of contents the cost “FHA-insured- Mr Pelton SOUTH) Best buy In 300 (5700 Cottonwoods! txfrms 2 baths 2 fireplaces double gar ape Estate sate Cosh or refinance 73 acre with tons oI 2 Call Tkn potential Veda Barrie Real Estate 941 E 3300 South has announced the addition of four real estate agents to its staff Lyla Fuller formerly associated with Groupwest Properties and Mansell & Associates brings five years of experience to the company Lyle Gurney and Liz Hansen formerly with Gump & Ayers both have been in the business for three years Karylyn Yelderman has worked with Sugarhouse Realty and Mansell & Associates Zane D Bergeson MAI president of Bergeson & Associates 60 S 600 r East has been elected to a term on the governing council of the American Institute of Real Estate Appraisers at its annual convention earlier this month in San Francisco He is a past president of the Utah chapter and was a member of the national admissions committee He is a member of the national legislation and state certification committee HEART 393— luxury Homes 390— luxury Homes HIGHEST PRICE This beautiful brick rambler Is in located one of SC's finest oreos and Is offered below approKoi ond below competition Over 3e00 sa ft wtth 6 fcxfrmi 3 baths dining wet bar and the list goes on anti on! Private secluded ywd with pool ond tocuzrl ond QUALITY Beautiful family home Great floor plan Main floor family room plus large family and rec room down Master bedroom wtth fireplace lots of becfrooms GREAT VIEWS Must see Interior 4500 sa ft Priced of (195000 Located at 8339 So 1975 E LYNN or JIM MILLER&C0 Of COTTONWOOD REALTORS $169000 4500 Sa Ft all on one level Choice wooded 167 ocresl Secluded In3 credible potential! 4 txfrms baths horse property Constonct Foredo-Sire- HOT FROM ! 3 Call P0a AND 3 NEW TUB 2 story with 4 bdrm In Top of The World trea Main floor family room with large rec room ©ve garooe Large master suite with flrepioce and deck Upgrades too numerous to mention Coll for details 1199000 Skip Lvge TUDOR TIME! Two luxury tudors prices sloshed! 1 Creek Rood was (169000 Now Very LUXURY HOMES S219000-S23900- custom homes BuMI by Construction 2 story entry hall Spacious family rooms Distinctive shling of stucco and brick Main floor dens Sweeping stair coses Voulted ceilings Fabulous master suites and bathroom on h ocre lots C att Scott CHAPMAN RICHARDS (149000 Top of World was (279000 Now REALTORS (7549501 Immediate possession on both Caft Rtctxrd ENJOY FOR 2 HOLIDAYS Fieifole terms Buy now whe InterDESIGNER est ore low rates Listed of Perfectly designed 2 story cootem-partr- y (729000 now only ( 199000 Beau-tffoverlooking Soft Lake Vol2 while brick trastory large ley Stunning open foyer formal ditional In Farmington 5200 sa ftvtng and Jning large family ft window overcathedral large Sired gourmet kitchen main floor looking great view S bdrm 4 txfrm with private bath Master 2 kitchens formal dining baths e suite with vaulted catting extro large living room swimelegant private bath with ming pool wtth pool house oversized wo64n closet Absolute room sauna 3 car go TOP QUALITY CONSTRUCTION rage plus RV parking walkout ond energy efficient features moiot secluded great Low bsmt this home maintenance freeway orress ample storage free and affordable (790000 far or more mce Information showing cat! Rod or private Or RMS Redtors SO CO 417-- Ford FINES CUSTOM HOMES BuMderOevekoer 4 Alan 58 2 Ms Fuller THE 390— luxury Homes 390—Luxury Homes brkk 9 vears south- CONTRACT?? (165000 Browns Pk 6 Bdrm 4 bath brk rambler A22 bdrms 8 baths 5 kitchtarn rooms 14000 has everything units Retirement home possibilities (395000 awarded to individuals meeting the group's education and professional excellence requirements Inc has announced the addition of three people to its inHelp-U-Se- ll ternational headquarters Frank Weinrauch a mortgage banker for more than seven years and formerly with CrossLand Mortgage Corp has been named vice president of product development mortgage services and will oversee the international mortgage operations Richard Pel-toa mortgage loan originator with Home Savings and Loan is the company's franchise sales specialist for the southeast part of the US Rebecca Briggs has also joined the company as national marketing operations consultant She has more than 10 years of marketing and advertising experience The company a subsidiary of Mutual Benefit Life Co has more than 70 employees n Century 21 McAffee BEST KEPT SECRET HQLADAY'S A very short tfrtve from fawn fa this unbelievable English Monar set on 3 91 ocres of rotting fawn ond forest Perfection pkrt quality and condition stately Tudor confining old world charm ond modern convenience Wen bet you didn't even know It was there For more defalls can TERRY HILL Of ROBIN HOUGH GUMP 4 AYERS CORPORATE OWNED HOMES BANK OWNED HOMES TREMENDOUS VALUES New: Carpet-poin- t Great homes Prices no other realtor can match CaN today for oil Information VIERiG REAL ESTATE 277-390- YOOB RE M ESTATE SPECIALISTS PRICE SLASHED! Specfacuior new custom home overlooking WlUowcreek Designer decor! h round windows skylights tow plus 3 bdrms up Reduced (10000 fa only (129 950 Probe Realtor Tom Ctoyfan PRESTIGE OUS AREA AFFORDABLE PRICE High East Bench Contemparcry-PanoramiViews on 3 levels Light neufrafs and oak trim Lower level has prrvote gtroge and entrance Minimoi ycrd ctre Loaded wtth extras Ttm-ke- east ens 11 3 frplc 4 sa ft Home Zoned muttipie RAMSEY Joyce JOYQ BREMER PROPERTIES ARLINGTON HILLS ELEGANT HOME SUPER VEWS! 1447 E Krhttano Cfrcie (415 No) 6 Bckms 3 baths 3 frplcs over 5000 sa ft Priced fa sen 1279500 Call Ralph R Preston Miller Real Estate OPEN 9:30'-1202549 E WMmingfan (2 185 South) SELLER WANTS HIS HOME SOLD! He win even pay you a tremendous sum If you can qualify for over his market rote and loan Superb location 3 txfrms fad both (68000 VKI LYNGLE fre GROUP 467-668- 8 OPtN 556? Fast equity only pne benefit ol mortgag— add to it the thoudollars sands interest savings and the attioc-tion- s are obvious Our leaflet "Free and Clear Getting the Mortgage Monkey olt Your Bock explains how Send a long stamped envelope and $2 to cover costs to Don Campbell P 0 Box 15273 Phoenix A2 85060 1988 Cowles Syndicate Inc 2:00-4:0- 343 N Virgimo Si (1345 EXCLUSIVE RANCH on 20 acres Rambler -- owner Virginia HelcJits with ksoe bora Home has 11 OPEN 2:00 2:30 transferred 4 txfrm 2 bath new txfrm 9 baths which Ind a 1250 E La Von Circle (3430 So) roof windows storm huge main mother-in-towing or servants RATES ARE GREAT SNOOZE floor family room secluded yard Quarters Indoor pool Asking YOU LOSES Reduced fa 187000 Rhode more! much and (189000 (999000 Chuck Carlisle New dvfag room carpet floor fa Osmond Real Estate celling front windows 4 befrms 2 large Hied full baths 1000 sa ft FIRST TIME OFFERED OPEN 3:00-5:0garoge and workshop Come see! 7 txfrm brick rambler on high Aves VMO LYNGLE 777 East 4th Ave (190 No) with spectacular view Priced fa OPEN sell knmed at (179 000 You'd be Absautely charming brick bungfaw! 3370 W Danube St (5560 So) 3 txfrm fireplace secluded yard sorry If you miss tors one Cannon Wonderful 3 bdrm home (5190013 Associates (76500 Suzanne new interior wtth decorator CotA TOUCH OF CVASSI Live the touches! Large yard with tonwood life styte on this mkm esOPEN 2:00-5:0redwood deck tate Private 23 ocre park Hke DEBBC NETTLETON Guest 2 80 E Vimoni Ave 2730 So) setting Total renovation OPEN 1:00 3:00 house and artist studio (796000 Price reduced over (6 M0! Owners Possible trode VWt Sunday 830 E Three Fountains Drtve ready to move! Rombler on c 6060 So 2110 East or call McrHyn 4 bdrm 3 on main with ? (4900 South) RetoH Realty ORY BRICK CONOU Great bath double family room secludNew carpeting new fured bock yard double gcroge INDOOR POOL GYM Tennis Court nace cozy family room French a Whot (76500 ouyl 7150 sa ft private luxury estate doors Many upgrades! A definite Nortne Approved Of (375000 sett at NANCY PETERSON (95000 seem Owner must (296000 agent OPEN 12:30-23OPEN I 00 REDUCED (15000 4739 So Idtewld Rd 3310 EJ 4 txfrm 7 both stunning decor E 2634 S- Beverly SI (1380 East) CHARMING HOME! 2500 sq ft 6 "Mount Olympus" city and mountain (136000 or MembersRE bedrooms formal (ftnino 7 ctr vtowsl Beautiful home stunningly redone 4 txfrm 3 bath secluded garoge JO DA Z RICH OVER 1500 sa ft Draper 4 Lxfrm 4 BEVERLY ROAOC 262 3007 ycrd (139000 Suzanne RV bath 5 E 1:004:00 le )n trea 1715 Assume (Uttmo (163300 Cannon Assoc is acceleration of m 395— Open House A ZENITH TAMPA Fla (UPI) — An economist and chief policy analyst for President Reagan's Commission on said he expects Housing in 1981-8the Federal Reserve Board to tighten credit before the end of the year and interest rates to go up about 1 percent That spells problems for the housing industry nationwide David Seiders chief economist and senior staff vice president of the National Association of Home Builders told delegates to the Southeast Housing Forecast Conference Seiders a former senior economist with the Federal Reserve said he sees increasing wage and price pressures a lower dollar ana stable oil prices combining to increase the possibility of inflation He said the board believes it is best to act early rather than wait for inflation to lake hold "The Fed views housing kind of as a sacrifical lamb at a time like this" he said The administration is saying the economy need not slow down but the Federal’ Reserve Board and its members are highly independent becausp it does not have to look to Congress for funding and appointments are long-terSeiders said Seiders said the outlook for the housing industry is “not terribly good but it's not terribly bad either" "In terms of interest rates wecur-rentlhave a long-termortgage rate of roughly 106 percent effective yield basis I'm looking for that rate to be about lPk bv end of the vear or early 1989 and I really do believe it will probably pierce '12 percent before it tops out by the middle of next year" he said Seiders said 1989 will be “kind of a transition year" for the housing industry as its decline bottoms out before starting back up in 1990 ) but said multi-familhousing faces the biggest problem because of overbuilding which has resulted in a nationwide vacancy rate of about 8 percent a high "Multi-familhousing is destined to be a very weak sister for at least another couple years" he said "You've got to soak up the y y 20-ye- y 395— Open House 395— Open House HOllADAY HOME HUDVA HOMES FOR THE HOLIDAYS See why llO’s of families have beneOPEN NOON TO 5 fited from Milter & Co's exclusive 2685 E WREN HOLLOW (4850 SO) marketing progrom New 2 story located on Exclusive catalog featuring color Oak and tile fhruout formal dinof eoch 8 every property ing oversized garoge and much os It comes on the rTxrket dotty more! Must see fa believe! Cali with all details Sterling From (500 down pymt program EAST Payments as tow as (200mo PM OPEN 12:30-2:3OPEN 122 Professionally trained agents fa PRICE REDUCED (9000! Confalete-l- y oet vour offers accepted qukkly 1127 E LAIRD AVE Investors! 5 down positive cosh redecorated! Looks Hke new flaw property management ovoii model home! Just painted Inside (1205 SOUTH) out New carpet finished bsmt ABSOLUTELY TERRIFIC BUY AT Free by mortgage 4 txfrm 2 both rec rm Only co representative ONLY (139500 ON THIS CHARMING 2 STORY HOME with o most Keys to every property for (68000 Must seel immediate showings 7 days 0 unusuol FABULOUS YARD that Is week dovs or mghts 94x173 feet wtth GORGEOUS AH areas all prices 100's fa choose FLOWERS AND LANDSCAPING OPEN 2:30-- 5 (2574 East 2185 So) from 23- and 4 bedrooms Great Garden Park neighborREDUCED PRICE! Darling home! Coll or stop by Mtotown Office 467 0 hood ! Coll Les Hoymore Remodeled kitchen nice frplc or South East 3300 So oo mantle and bookcase Volley Office 1225 E For! Unon PM oo OPEN floors storm windows Blvd 300 full bsmt Cute decor (74900 2232 EAST 900 SOUTH NICE BRICK HOME IN THIS CHOICE MILITARY MONUMENT PARK NEIGHBOROPEN 2:30-(904 So 1700 East) HOOD so near to the “U" ond 2 STOR Y TUDOR! OkJ home charm Park! ONLY (107500 In an Refinlshed porauet hordwood ea of generally more expensive NEED OUT NOW floors leaded gloss windows homes A GREAT BUY FOR Seller bought another and must sell French doors coved ceilings forSOMEONE! CaN Les Hoymore this immediately No qualifying mal dining 4 bdrm i4 2 frplc 0 VA toon you name the down 8 new furnace rec rm Great bdrms 4 baths partially rented Harvard-Vole PR0B8 REALTORS areal (169900 on tail ocre horse prooerty Net RICK PLUMB 3048 pymt unoer (665 Open BU6 PLUMB NEW MILIBP00K LISTING West 1200 So Too good to tost OPEN Secluded canyon 39 Coll Dave Swenson now 943-setting Winding streom Mature MODERN VICTORIAN frees 3300 sq ft Cape Cod home 3 befrms hardwood floors charm Reody for ccrpets choose colors 1657 East Mllfarook Rd (5610 So) kitchen Island bar Super views Blian in closet large mas8'xl0‘ wo ter see at 4022 W Lour H Rxfae OPEN HOUSES SUGAR HOUSE STEAL!! Drive (9370 So) (81950 Models 236 J STREET 2 TwtefaNy remodeled OPEN 11 open 1230 fa p m Drive out 3 throughout chorm new ook today! Keith Haves Charming Dutch Colonial reody to kitchen beautiful addition gives move in hordwood floors original EAGlEBROOK-BRANNEW this home 3 befrms mon floor and flrepioce newer country kitchen master bam (89900 1631 So 400 1100 So 300 E Close-o3 modeh 5 with excellent appliances nice silEast Scoff tots remom (64900 fa (85000 ting area off kitchen that opens BeautffuH 7 floorplant fa choose IASI CHANCE -S- TEAL Onto o compoct but functional from See why so many hove saM ycrd 2 car garoge that has OPEN 2 5 Buy If this weekend or I yes! Open 2 00-- 00 Monday or txfrm opener study will! The seller wants fa give the Friday and 1100--5 "00 through with to both on motn 3 bdrm with buyers one lost chance before Saturday ond Sunday both upstairs oood closet space they let me steal It! 2900 sq ft H Owner wonts EMERALD ISLE sold before the rombler (79 900 Contract! 191 IE now ftv (113000 7160 South Paul Builder Houktatlon! Prices reduced 73 W APRICOT AVE (5000 Two homes are ready or (73 West 350 North) build to suit immediate posses0 sion In Murray from V590001 See Fabulous condo townhome In Capifor yourself at 5600 So Na 90 tol HIHs Mcrmotode district faod-eWest Open 121X) fa 400 Saturday ( 17 15 East 2960 So) OPEN NICE CLEAN BRICK RAMBLER new appls freshly New etecfrfaal pointed Insideout formal dining Nice bsmt wtth new bath large rec rm storm windows 3 bdrm 2 both 2 ctr gar 576900 2574 phos 2100 SO 1615 WILMINGTON 904 MILLER&CO a PLUMB & PREFERRED W SUGAR HOUSE ASSUMPTION o OPEN 12 TO 4:00 1437 East 2700 qualifying FHA assumption tow (709 00 payment low 9 In terest rate little downs Large alt price reduction! Remodeled brk home wtth 2100 saft 4 bedroom 3 batfa flrepioce ESTATE SEE THIS WEEKMe END!! me an offer Call DAN for more Info COTTONWOOD 5 bedroom 3 both Kids will love NEW LISUNG fomily home e PARK LIKE YARD with loo ond waterfall Greo price Of (74900 COME SEE at 6831 So 1495 East OPEN PETE aNfTURY 21 MCAFFEE HOLIDAY CONDO 1711 E Cannes Way Open (5990 Sa) Superb location in the "Heart of Hoitodov" convenient fa att shopping ond SKI RESORTS new upgraded carpets Great far entertaining 2 flreptoces huge rec room wet bar 3 bdrms 3 boths THAYNE Asking only (89500 Gokfre QUIET MIDVALE AREA 201 E 7570 Sa 4 txfrm Open Rombler on outet street in Brx New kitchen nice neighborhood peenhouse 2 Replaces large yard fruit frees RV parking ond extra CO ctr pkn garooe shops office ?J ocre horse property OPEN 200 - 5 00 Best offer considered 185? Sa WHtow Green Dr (3030 El 2911 EastOolview Circle ENGLISH TUDOR frg executive PRICE SLASHED TO (2399008 ThH home 4 bdrm 5 baths den farv corporate owned home H vacant ftv (750000 (7725 So ond reodv to move Into upfrodei throughout beauttfal views ex100-cond Only (164500 00 Cyd cellent floor plan Shows Hke o EXCEPTIONAL CoktweW Banker Stunning volley and mountain view 3 txfrm 4 bath all on I level Huoe liz memmott )r tot oak on quiet with scrub Large oak covered tot massive wine LOVELY HOllADAY AREA 5 bedrms 2 baths 2 OPEN 300 5:00 cellar Groce opeat tmmocutote brick rombler 3 66 sa 2 or (74900 flreptotes garooe 8853 So EosthWH Dr (2435 E) ft 5 bdrm ESTATE sale (155000 Hoifadoy EXCITING WKLOW CREEK CONboth frptcs family Ann Tarry 6 txfrm Lon of extras 6353 mv large rumpus rm with wet TEMPORARY - Custom home In 4225 South Olympus View owner '’broker bar den central a Ir security syv Pic perfect condition oak wtth brass many extras Prof landscaped TlsToOO art TOM HOV£ oc cents private master suite forwith custom feotures 3 (3480 E ) oufa sprtr far Exceptional price mal and kitchen dining spacious (1038 oer month May frodt txfrmv 2 bath dbt garooe as(149 9M) Shawn bv apcxMofajewt Tec main floor famtty room fantastic wood 4 00 2:00 sumable loon Convenient to SECLUDED only 777(241 ownefQgent DEBY LEE City VIEW downtown airport etc A steal a VALlEVMloe view best toe Home Olympus Cove rambler 5 beefrms Nfc W! Now Under Construction huoe master suite 3 baths family mode far entertaining (198500 (25000 ONE PICTURE 1000 WORDS 2700 sa foot stucco and stone 453 4 TH AVE 272 142J Help U Sell 77? loop room view worxjertul THIS IT HOMt MAS 3 AlLI 4 Private tail Or covered 5 Cherl Sue to in Granite 4 Jlmpt baths 2 family rms kxge formal EXECUTIVE 4 bckm lvkk Dell Immaculate Victor ton cottage beau-ftfa- l kitchen huge kitchen 5 dfalna country (ltf000 ftreuL 76! East Bytw Ave (1560 So) area 4 bckmv 3 baths country with o feminine decorahno Se 295 8000 6JQ Melp-double gar and RV oar Conkod kitchen wtth family room huge touch ail new roof and mechani2 30 500 pass (119900 Desperafal Offer HISTORICAL home 4 bdrm 5 faric master suite wtth vaults and deck cal systems targe bright Hvln totted!' Bev CurtH smaM opt 5 OC (174900 M7 room with original flrepioce Sugar House Tudor 3 bedrms 2 go age pkn RV poking trf McOougd Well worth toe (185000 price' 795 6000 txittn far mai dining 2 car garoge txfrm fan both exha nice modMcPOUGAL REALTORS Drive by 3700 E AST 9950 SOUTH ern kitchen new appHoccet tun(70'S OF O deal ( 10000 5 txfr m fl V£W 6 RANDY MOORE Douglas ing room good I ctr oarage o Terry both 4 cc Til 2970679 COMPLETELY MODEL ED RE perk RINDLESflACH HOMES very coiy spot and o good price Mefa 6000 75 OfTN 2661116 (66 00 9fa No I Ithe VaMev Rd (I Nth Av ) LIBRARY Compliments GRfcd pnrgws JOEL 378 8921 FVINGi NOQHAi ThN is one youk want to see Vid 6 BounfffaU txfrm 2 story (179000 NOTHING DOWN interest uvtorsvkte Low down-lotxfrm brkk fnmfty home wonA 79? 6619 Hetp-SeN 295000 AN brick 3750 new decor J bdm 7 bath tamttv ft 9 yr old derful yd wtth tads and view Adian Wnght Inc 466-865REALTOR rm garage deck Only (53750 Owner wants It sofa ImmedfaMy 6 txfrm 3 bath Fornlngton 457 East 3rd So Roof WANT ADS 237-200- 0 F He 577 3773 969 877 ctf SUGARHOUSE build-u- e-principal 395— Open House 395— Open House PROPERTIES 278-441- 4 CAST0 70 F 500 HOLBROOK Hansen Ms EXECUTIVE tm CHAPMAN Merrill Title Company has moved into new and expanded offices at 6985 Union Park Center Jeff Merrill said the move allows the firm to be in a center of an active real estate area and will help meet the needs of mortgage companies Realtors buyers and sellers He said the firm has na title plant and updated country records allowing a thorough title search and examination right in the office Marty Merrill announced the addition of three new officers Roger Sutherland Joan Killpack and Linda Berrett bringing to 21 the number of employees The two formed Merrill Title six years ago with Bill Roeder M John Martin an appraiser with Strategic Asset Valuation & Management 185 S State has received the Certified Real Estate Appraiser designation from the National Association of Real Estate Appraisers two-yea- ELEGANT DELIGHTFUL LIVABLE incredible mountoin views PEPPERWOOO ESTATES What o Transferred owner asking great family horn! Space charm (142900 Can Dove Freifrickson view! Sprrkttng new carpets file 9 and hardwood floorl Gourmet kitchen family room huoe tort THE DREAM Of A LIFETIME 4 baths 3 library A txfrm Hidden In the Cottonwoods see your fireplaces Low JTOO'v Connie vine covered English Tudor complete wtth circular frlve fountain PARADISE ON ARBOR LANE ond o covered gazebo Inside the 5 befrms 3 bath eiegont dtntng and Over acre flowing lawns and gar(peenhotrse are lust as stunning dens along lovely streom! SecludAli for an inviting (2 19900 Robert ed Immocutate home1 Hardwood Farnsworth 4 bdrms floors 2020 ARBOR LANE (5000 SO ) Mid (200's Coll Constance Jeff Merrill Marty Merrill Local Area Real Estate Roundup “FHA-insured- OPEN HOUSE to 2202 PHEASANT WAY Ms Yelderman of replacing garages or other structures on the property living costs while the house is uninhabitable and so on The annual cost is relatively low — especially compared to the tens of thousand’s you could lose by NOT having it DEAR MR CAMPBELL: We purchased our first home four years ago for $40000 at 12 percent’ interest We went through the Veterans Administration and paid no monev down We still owe $39200 We both have a difficult time saving money because when we have something extra each month it seems to burn a hole in our pocket We ll never be able to move unless we save some money or build equity in our home the homes in our Unfortunately area have not'appreciated very much in the past five vears Our monthly payments are $4§5 and so I was wondering if we applied an additional $ 100 per month to the principal (it IS the principal and not the interest that we apply it to correct?) what would our balance be four years from now? Mrs KT Indianapolis Ind ANSWER: Yes that's right Any accelerated payments are applied to the principal not the interest Well if you really can't save money any other way accelerating the equity in your home is indeed one way to go about it even though your savings have no liquidity At your present rate of payoff (with NO acceleration) you should have an equity of about $6494 in your $40000 home in another four years (in other words you'll still owe $33506 on it) If however you start adding $100 a month to your principal vou'11 owe $27384 on it in another four years for a total equity of $12616 And of course if values’ DO start increasing in the meantime you'll even be better off than this If this is what it takes to build up a kitty in your case then go for it but vou really SHOULD cultivate the liquid-saving- s habit too storage (79500 Bob 264 8036 Century 21 Executive ' 2 00 ? 30 OPEN 8967 SOUTH WILD WILLOW (1816 EAST) NfW MUITI In exeiMk C $7000 REDUCED LEVEl to Quiet Summer Meodows Stoerb kitchen wtth tom of oak cabinet Main floor family rm ? frplcv formal entry hall Exciting moster sulfa with ieffo tub formal dining (142900 Must see FRED HOLT CHAPMAN and Sunday RICHARDS MILLER&CO UNION WOOD MOBILE HOME TRADE SUGARHOUSE ASSUMPTION with no Qualifying FHA loan tow (709 00 payments little down Remodeled all brick 4 bed home with 2100 sa ft rooms 2 berths ftrPoce state sale - must sell fast Mce me an offwtt Cc1 DAN far more into Assume 7800 South 500 East SANDY Quiet Open area P 10 m SUNDAY IVORY & 9 5 t home tftes Model CO 57 2 0 68 279 4414 RFAITORS We will trode ytw mobile home far o brand new tingle family home ond pay off your old loan Deni throw your money away frapqpd and unhappy! You pick the colors Many sMes Call far detaiiv ChrH Century 21 McAffee Don SUNW00D HOMES tCa V 1 A |