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Show Salt fake tribune e Classified Advertising Section To place your ad phone Dial To cancel or correct your ad Dial The Intermountain Area's Largest Shopping Center ' !,'. v ", GREAT PLACE V f '. ' : i y SELL TO BUY. k mm .9J k on pm f irVi .j,f k. Special Notices 010 010 YOUR AD! The NEWSPAPER AGENCY makes ev y ehort to ovotd errors m LochodhcaretuNv XI? checked ond proofread, but when hundreds of ods are processed each day, mistakes do slip through. We osk, theefore, that East .' RESIDENTS 467 39?? West 4)60 So. Carr toge Squat e ALL 4771 West 3500 So. 1793 West 7900 Best Bargoins ore in Today's WANT ADSI WANT ADS 237-200- 0 AD ESTATE AUCTDN ond personal property E state of, the late Legal CAmANm Services 2.30 p m. 2!h, SUN, 2 30 pm JAN th, $A: RUL0N SPECIAL CONSIGNMENT IMPORTANT CONSIGNMENT Very Impressive lewelry collection, goto bracelets, ooto including r toms, diomond rings ond pms, emerc J rings, sapphire ond broceiets, pendants, watches, over 300 fine lewetry items. SALE CONDUCTED dY. NO MIDDLE MAN No Freight Charges No Distributor Charges DAILY 9 TIL . V V ?! :H ' r t . .. :'.:3 6:45 ... j frj 71 ff; 972-873- Lost and Found FOUND AFGHAN DOG (25th 36th So.) Anyone Claim! East & - J' rX. J ? V V' .1 irKr-- A , ' i.' A Jv- - 4 , " I? 1 E w' . k i;; r$iy :V;3 ... vk'r.r; lfjUk 4 to ft fciU', Swilif ( A . ;X j-- 040 Dating Service AT LAW Si ACCIDENTS Fee on HR 7, $75 FEt PLANS 12 SUI $450 $150 R. WARD, ATTORNEY S. 700 SIC 205, 268-312- 1 Si MPLC) drug card theft, sex offenses, burglary, shoplifting, ckunk driving. Felonies und Misdemeonors Triats Statewide City, Store, Federoi AH - $75 V52 filing fee FAMILY BANKRUPTCY PERCENTAGE ON Bod checks, embezziennt, offenses, credit forgery, Johnson j90 $60 f.f WILLS 550 INCORPORATIONS $150 BASIS ISO & Stillman - aNTERS LAW Lego) services at reasonable rates DIVORCE, stipulated or uncontested $75 plus $52 Filing BANKRUPTCY, Individual CH 7 $75 plus $60 filing tee ADOPTION, ogency or step parent $100 plus 52 filing fee WILLS, Staple $25 FREE CONSULTATION 530 Eost 500 So. 10 B. Johns, atty. Ph SEE AN ATTORNEY FOR LESS WILL SEE YOU TODAY! FREEDS! iNlERVIEV 276-040- HEAR OUR 24 PERSONAL INJURY DRUNK DRIVING AUTO. ACCIDENTS 4 HOUR MESSAGES BANKRUPTCIES ACCIDENTS 9433553 RUuONT. BURTON & ASSOCIATES) Fee on Percentage Basis Evening appointments ovaiktoie MADDOX & SNUFFER 6400 South State Across from Foshion Pioce Moll PROBATE Simple DAY YOUR DATE MEET 97 S HI r XLf'lW$in. 4X Exchange 13335) FEFL 972 kr & Charge for Initial Consultation Evening appts. available DAVO MADDOX: 64 East 6400 South PERSONAL INJURY SIMPLE WILLS-$4Eost .300 So PERSONAL INJURY 14 A'YERS II .FARS EXPERIENCE No Charge for Lonsuttdhon PAY 6 BARNEY LAST CHANCE SALE!! ON of EXTRA SAVINGS on Oak Kitchen and Bathroom Cabinetry before lebruory 1st factory price increase Compare our price ond quality anywhere! Order before January 31, 1986, ond take delivery before April I, 1986, for savings that won't be repeated! re? FRIENDSHIP or ROMANCE TELEPHONE PERSONAL AOS CALL !4 HOURS FREE Matchmaking Detollsl WRITE or VISIT DATEMATE 369 East 900 So., S L.C BL8990 58 CALL MARRIAGE FOR THE NEW YEAR 1986 make marrtoge ond dating your resolution Coll CONTINENTAL MARRIAGE BUREAU 260 Fast 6th South Lk7?90l01 jMOfl MAPRY At LOW CM Ut pahon. Criminal Defense, Collections, Personoi inurv, F emit Low Oivorce Eve appts avail Free Initial consultation. Personals NOTICE As o reminder to oil those considering parTklpnfton In any type of diet or weight loss program, this DRUNK DRIVING newspaper r ecommencS that ony (Pre trtol settlement) Such participation be undertaken Richard L Hol'ldoy only after consultation with you BANKRUPTCY? Attorney who wilt doctor. This newspaper neither sincere'1' work tor you. Divorce, Inlurk eus. rotos Free 1st endorses or condemns ony my B Dishell weight toss pi ogram nor does H tor assume ony responsibility claims mode Changes In Divorce Decrees CATHRYN J. JUDO ATTORNEY 660 So. 200 Eost 100 AMAZING VITAMINIC COMPOUND DIVORCES: GfROVITAL H3 GH3 Mkhoei E Talbot 64 Eost 6400 South, Suite 120 Because of aromatic results being 2632111 Murray reported by millions of people worldwide who are using this JANE at Low eoar ed procolne, it is now DlvorcePersonol inlury w being made ovoliable to you on on Fast 300 So 735 Indivkduo! bosis if you suffer from Dl iQRCE. slmi'le $60 filing fee $5? ony of these degenerative disL Poeimon, ? Fast 4(Jo bo eases vou may want to try this We have custom ond modular cabinetry for every budget Traditional ond Europeon styling for every tnste We are factory owned and offer the absolute best value anywhere Come in aixJ iet 6s give you a FREE ESTIMATE today! S450 Dating Services L fitter Day toeois NAf.ONS LARGFbT to LOS only Snarp Educattoned clientele. 8 SLC, Ogden, Spaciol Noticei BARNEY DEE LONG GENERAL PRACTrCE OF LAW m 010 last chance to take advuntote DIAL DATEMATE S SHOPLIFTING No Socioi Situations & H minuV GuardronTrust Provision Personify Video Taped. Add $150 2 (07 DEFENSE - Practice Concentrates On INJURIES FEE CRIMINAL PERSONAL INJURY AUTO ACCIDENTS DEFECTIVE PRODUCTS Free consuitahon wtth attorney In Injury coses No fee unless a recovery Is obtained. Steven H. LVbder, WILLS. Spatial Notictt WOMEN AND MEN DATING SERVICE FEES! 347 W 7100 So. Lie 247 55c min 4S oddl min TH.Al SETTLEMENT) JAMES D MOTEL SON DRUNK DRIVING E. FeelLine toeus .. NO $75 ATTORNEY at IAW 715 EAST 3900 SO. SUITt 10J (UNC ON TESTED, $449 $449 FIRST CLASS ARCS S.l C Hawaii $649 S L C C.on bean $549 S 1. C Europeon CHies $1400 Coll for other destiriations, some re sfrkttons apply F fRRE 4455 DIVORCE HRS 24 HOURS EXPERIENCE $64V .... . ( San Juar ' (bean S.L C C a 010 MORE Simple plus court cost. CLARK Old WKkUPTCY 24 L SL Si. 1 -- 976-DATE DIAL Pwe ADOPTION, 486-040- UNE b CAU $S $649 f. I ondon C Par i C Fronkturt your DIVORCE 487-998- RECORDING Oirtfl yuu to on attorney ueo who handies rnd of problem U v. rou cur isoftation $ 5 It DRUNK DRIVING 13 ond Denvr , Albuq., Phoenix CALL lAAffR RL'EERAi SIL'CF Wid F 5tn EAST, SO bAB STATE Personols (REE CONTESTED DIVORCE CRIMINAL X LECTIONS or INSURANCE COMPANIES HAVE A LEGAL DUTY TO PAY YOU. Par union UTAH RUL0N PRICE 13 Sr S.L C , CONSULTATION DtVORCE Nk l Bosis hi 4 CONXl 'N Lent 60 investigate pe naps seek references from nil concerned with your organizahons trivote life AJAERICA'S DATING 487-824- 1 APPOINTMENTS 24 Ob H. c enrage to wise is 040 Perionoli AlRFAlR SPECIALS Round THpkl NOTICE YOU TOOAYI AUTO ACCIDENT Orem Bl3766 Over 18 Years Financing Available Experience! Three Factory Owned Showrooms product Anlzeimer's thittts P xr Memor y Heart Disease Fatigue Angina Psctorls Parkinson's Diseose Senility Poor Circulation Depression Stress Wkose Veins Asthma Allergies FREE LITERATURE AVAILABLE For more Info., 2354 South Buildmart Mall 8475 So. Sand;-Pfcwy- 112 562 4371 . Redwood Road 972 5984 Cottonwood Village 6269 South Highland Or. 278 2808 Vs In $ 039 AUTO. (UNLON TESTED) YEARS Reduce your debts, rebuild your credit, get up to 3 year to catch up house poymenti, stop foreclosures. Chapter 13 may help you much more than filing straight bankruptcy. plus dog LOST Gold brocelet at Nordstroms, Foshion Pioce Mall Reward. Call after 6. 6 k. rv It $6090 TO START AIS0 LOST: Gold todies Omega rouiid wrlstwatch. Sm. dkirnonos around toce bond of 5 Gold stronds. S5C0 reward. Coll Dr. Alston 7 6 DEBT ADJUSTMENT BUSINESS PERSONAL STOP FORECLOSURES STOP REPOSSESSIONS STOP COLLECTIONS REPAY ON Y OUR TIMETABLE FREE. CHAPTER 11 BOOKLET LOST Femoie white Ametlron Eskimo 'SlS. REWARD. Mike S3, ?06 7 366. 1555 WEST 3500 SOUTH CASES CHAPTER OR LOST: J100 REWARD Large block cut ley terrier. Male Airedote Ton legs ond face Ernie" Tugs. Hd today oreo amis & dick's ATTORNEY 2225 CHAPTER CHAPTER FOUND: Mid Sized BrownBlock Mole Dog. Vic. Trolley $a FOUND Femoie Golden Retriever, vie 1300 So. State. Buy Direct W. HOLBROOK! DAVID OR galleries FOUND block white femoie Vic. 9th Eost 21st So. otter 5 p.m. )35 -- Logoi Services i DIVORCE $90 BURTON T. "Fresh Start' Chapter 4X3 Snum Mom Street SI C,UT. m - ftUi f J kl .'f- 1V. Legal Services BANWICY BANKRUPTCY Including Western and 0k0N auction 12, 263 3782 Evening oppts also Private collection of bronze See our new line of kitchen cabinets ond vanities: CAD Oakridge, CAD LaBelle Oak and CAD Alder Ridge, each in 3 different colors. Manufactured by Chris A Dick's. CAN St FREE & ASSOCIATES No Cose Too Small or Too Large etc sculptures. European. 035 TO DECIDE Bedroom furniture, dining room furniture, sterling silver, couches, chairs, china, paintings, chonde-Her- January PLUS 15! HUNG LOST White American Eskimo pup. 8 mo. REWARD LOST mans Gold Coin Diamond Rng, vk. Canyon Racquet Out). Reward Coll bur. JAN. ' RARUHCY M NAMI IN LAST LOST Whrte moe Maltese dug, snort hair Lost Thursday Jonu-ar9tn, bchweeen 5 and 530 vk 5uu i4o Redwood Ha He needs hts X) reward. tomlly Contact Sharon EDITH HELEN MRTH To be sold at Public Auction, bv order of Trust Officers and local fActURE (frOWMAnU I FOB KITCHEN r ,fu.J L S All large Block Laii mEx white diest, Bluto" vie. 1st bo 6thE'ast. stiver choke tholn, Ioj 5619 Sales CALDER 5000 LOST 237-200- 0 got cum KNOWN A Gold brown Lg femoie dog, feet streak down heod LOSr Goiden Refriever Nome "Hogor" Green collar isc LOST Long hoired mole terrier mix Whtte with block on b(Kk( toce & r ears Blk coliar, aide dog Retwcrd k eons. Auction Tongibie from the RICHARD LOST kvge white femoie SHEPHERD Like DOG. Downtown REWARD' a V . - k Sunday Morning Legal Services 035 SugarhouseReword our a am MONDA NOTICE TO CONTRACTORS New subdivision improvements needed for Mutton Hollow Subdivision in the LovtonKavsville eo Need bids on sewer and curbs and gutter, sidewalks, block top, fencing and security gates. Gath Gardner at The white 800-662-91- So LOCATIONS FULL SERVICE Open 7 rtovs 7 o.m.11 p.m. l1 I - 4 vi. . , ; x bos sett Hrmd. ferrwr Hoi LOST vVAllSl'Nt to pioce YO'JK k Clussltled 1730 you chedk your od the FIRST day H appears ond Immediately report any error to the Clossrtied Department by colling We legiet that we connot be responsible for more thon one dovs Incorrect Insertion It you do not call the error to our attention Tbonk You of Found LOST Dy nos tar Viso sMs, on sklus from Brighton Thurv Jonuory Vfh Christy (outside Soft Lake Area) Tce odvontoge - 1 i V U oeo UTAH STATE TOLL FRIE 3300 So. lost ond 030 LOST TlRfD 0t oid crowded dirty ioundi v nsots? Try the Cleon, Spooous ond Convenient CENTURY COIN LAUNDRItS Over 100 machines Never ony wotting PROFESSIONAL DRY CLEANING 5 locahons near you! 910 West No Tempie PLEASE CHECK V i ' r , . i.4 4 Special Notices Notices 4 hf- 237-200- 0 ' Salt Lake City 515 Special - , . jy :P v'j w i Section C DIAl . -- ( ii x 4 s'-.-- V" fV4y I f ,,-- ' ! : . Jt ",T-- ' - : I ' .iwn " V 1 t 237-200- 0 rV ':" afv'TAyil - 5 ' J A, About Real Estate Paying Off Mortgage Early Has Advantages and a Few Disadvantages By Don G. Campbell There is more than one way to skin a cat, mix a pot of stew or cut a head of hair. And none of them is necessarily the best way: taste and practicality are the key considerations in deciding which was to go. And exactly the same thing applies to whether or not to pay off a mortgage before its due date. r, one-hal- S&L? (4) Would it be more beneficial to invest in something else, or is it bet- ter to build up equity in our home9 (5) Why is our mortgage holder so about this issue? (6) When would it be beneficial to loan (le, refinance for a points, interest rate, etc.)? - W. F. T., Laguna Hills. Calif. tight-mouthe- d Whoo! Where to begin9 payments ($1,242 a month), you will have laid out a grand total of $447,120 and a cool $333,120 of it will be in interst only. By cutting it down to 15 years, however, you will end up hav-tn- g paid out $256,320, of which a savings $142,320 of it in interest of $190,800 and certainly nothing to be shrugged off lightly. Im not sure, though, what you f of the mean by including monthly principal as part of our payment. I dont know how old this mortgage is, but in the first year of your mortgage only about $27.33 of each months $1,242 payment would go to principal in the first place. Applying another half of that, $13.66. each month would not cut it from 30 one-hal- Dear Mr. Campbell: We have become very interested in the current real estate loans. talk about We find it very valuable. We current$114,000, mortgage ly have a at 1244 percent fixed interest What are the complications if we include f of the monthly principal as part of our payment? My calculations show this would create a luan. My other questions are: (1) Does the total amount of the loan (principal and interest) decrease9 (2) Does having the excess deposited to principal only decrease the length of the loan? (3) What are the legalities with our A1 . How about starting with the basic question Is it better to apply this extra monthly payment toward building up the equity in your home (by cutting the mortgage down from 30 to 15 years), or would it be better employed in some other form of investment9 t lour dillerent You'll answers from I ii different people, but a lot of it will v.;rl around your tax situa turn an.i h v important the deductibility of ih1 mortr ige interest is to your overa.l planni g Let's look at some of the figures Altei 3(1 years of current mortgage years to 15 years. If, however, you added the full principal payment for the next month it would reduce it to 15 years). (In other words, say that $27.33 of this months payment is going to principal and is included in your regular payment. If you skip down a line on your amortization schedule and include the next months principal as well and this would figure out to about $27 61 then, sure enough, you've knocked one full month off the life of the mortgage. If you continue doing this, month after month and year after year, then, bingo, youve paid it off in just 15 years). The simplest way to reduce your to 15, however, is to buy yourself a paperback mortgage payment tables book from your nearest stationery store and run your finger down the pay off column (on the 12 percent page) to Lnd the monthly payment required to retire a $114,000 mortgage. Ya.'tl discover that increasing your n nthly payment from your present $1,242 a month to just $1,424 $182 a month, or 15 percent more nil! retire it. What if you conti.M'i'ri with your present payment, however and invested that extra $182 a month in something safe at, say. 19 percent a year? Well, instead of saving $190,800 in interest payments, thai monthly $182 could grow in 30 years to an imii the rate holds, pressive $407,630 ar if you religiously follow such a program. and if you cut it roughly in half to reflect the tax impact. Now, as to your specific questions: of loan (1) The "total amount doesnt actually decrease by accelerating your payments. You borrowed $114,000, and one way or another youre going to pay back $114,000, but the total expenditure will certainly be influenced by how fast you pay it back. (2) Yes, principal-onlpayments, as we have seen, definitely decrease the length of the loan. y (3) There should be no lAga! problems with your S&L. Prepayment penalties exist on many loans, but IRS Offers Exclusion of Gain on Sale of Some Homes If youre 55 or older, you could be eligible for a $125,000 exclusion of gain on the sale of your home, the Internal Revenue Service says. You qualify if you are 55 years or older on the date of the sale of your home. You must have owned and lived in the home as your principal residence for at least three r years out of the period ending on the date of sale, and have never excluded gam on the sale of a home after July 26. 1978. e five-yea- If you sold your home on or before July 20, 1981, the maximum exclusion was limited to $100,000. For homes sold after that date, however, the maximum exclusion is $125,000. residence is the home you own and in which you live, whether it be a houseboat, A principal mobile home, condominium, apartment or house. If you own two homes and live in both, your principal residence is the one you reside in most of the time fore: the due date of your return for the year of sale; three years from the date the return was filed; or, two years from the date the tax Your gain is the selling price of the residence minus selling expenses and the adjusted basis of the home. If you are married, yor mav not choose to exclude the gain unless your spouse joins you ii mak.i.g the choice. However, if you are married and filing seoarile'y, yea may choose to excluje n imre than $62 500 of the gaia You nay make or revoke your dfcision to exclude the gain from r. pai Cedar sale or exchange at any time be was paid Foi further information. IRS Fubiiiation 523, Tax Information on SVing Your Home, and IRS Form 2119, Sale or Exchange of Principal Residence are available To obtain ft ee copies, use the hands order form found in your tax package or call the IRS. Buying a House Slill Is an Excellent Investment NEW YORK (AP) - A decline in the rate at which houses are appreciating in value has precipitated an chorus of lamentations that it no longer pays to invest in a house Really9 What really is true is that it is more difficult to buy and pay the monthly costs of a house, that often two incomes are needed, that many young couples cannot handle the costs, and that the return is lower than in the off-ke- y 1970s M A M. i Less convincing is the argument that lower appreciation rates constitute a roadblock to ownership or that they make ownership today more than in bygone days, or that they are a reason to rent rather than buy Appreciation rates have indeed slowed sharply, falling from an annual 12 percent to just 3 percent since Joint Cen1981. as the Harvard-MIter points out in its October review But what's so bad about 3 percent ' Forgotten in such examples is that a leveraged 3 percent is vastly superior to a simple 3 percent simple illustration, involving a $50,000 house bought five eirs jgo, demonstrates the point After five years of 3 percent annual appreciae tion. the house now has a market of nearly $58,000. An $8,000 return on Lit ,otm over five years is mediocre, worse But a yield of $8,000 on an investment of $5,(H'0 beats anything m which a al-u- young couple might consider investing Most houses are purchased with moitgages, and it isnt at all rare, even today, lor lenders to require only 19 percent down. That means $.5,000 on a $50,000 house. Even with a down payment of 20 pei cent, or $10,000, the appreciation r amour's to 80 percent over a period or an average gain of 16 pen i u'. a year Moreover, that gam is tax deterred, and quite likely evt n tax free five-yea- they seldom go into play unless you repay more than 20 percent of the loan in any single year. (4) I think we've answered this invest in something else" question above. d (5) Why is your S&L so about all this? The savings that we illustrateu above is money not going into the S&Ls pocket, thats tight-mouthe- why. (6) Unless interest rates plummet down to 8 percent or dramatically 9 percent why bother to formalize, and pay points, to accomplish what you are already doing? Dear Mr Campbell: read your recent column about th reverse annu-'- ( mortgages w th great interest, but .t aises some Questions. It sounus as if the lenders are lending money on homes and not collecting anything until the owners are dead. That part sounded fine. But what if a great many people do take this reverse equity and the company does not start collecting soon enough and they go into bankruptcy? 'What happens to the homes they have given the money on, and the people are still alive, but have nothing with which to pay the money back? Would they lose Mrs. C. C. T., Bulltheir homes? 1 head City, Ariz. A You forget that bankers are constantly playing the law of averages and are always taking risks. A certain percentage of all loans, for all urposes, are going to go sour. They now it, expect it, and that is why they are required by law to maintain to offset these losses. reserves While a certain percentage of these older homeowners who have entered into a reverse annuity mortgage agreement with a lender will defy the actuarial tables and live far longer than anticipated leaving the lender with payouts that he may never recover from the eventual sale of the home this will be offset by those who die sooner than expected. (For a copy ot Don Campbell's booKlet, Who's Got the Money? F Inonclng Your New Home." send H ond o long, stomped, envelope to: Don Campbell, Who's Got the Money?, P.O. Box 4994, Des Moines, IA 50306 ) ' r Cowles Syndicate, Inc. |
