Show FUNDS all FOR HOMES SUPPLIED BY BAN ta V by ROME C stephenson president Anse american rican bankers Dan acquired aaaron LARGE portion of the funds required in home building always has been furnished by banks they havo have shown constantly a a deep interest in the performance for mance manco of this feature of national development ulon it rests rest much ot of our count rys f future ty t u r e stability and ana any contribution to its advancement vane van cement 0 in n t redounds resounds red to the tha advantage ot of all K R C Q stephenson so bo banking h his as never permitted its operative cooperative co attitude toward home boma building to lessen practically all banks now accept savings deposits which can well bo be turned to the advantage ol of the tha home builders the construction ol of individual dwellings requires a large amount of financing and la Is a thoroughly commendable commend ablo enterprise necessarily the aid given to home builders la Is governed by the tha sound banking rules which have grown out of the years ot of experience and the tha constant studies ot of bank practices all of the efforts made to secure broader real estate loan privileges to adjust resources to mako make it possible to lend larger sums tor for long terms tho standardization ot of mortgage loan formulas and the actual lending of 0 vast sums on mortgage notes evidence the desire ot of banks to contribute con tributa a full measure of support to the I 1 home iome build ing movement this la Is true ot of all classes of banks but even in a more marked degree of 0 those whose deposits are ara largely in the form ot of savings and whose loans are primarily for building or home purchasing purposes both sides protected tho process through which bank loans are made on real estate Is as simple as tho the nature ot of such an important transaction will permit when money to Is advanced the lender must know that repayment will be made the specified time likewise the borrower wants to be assured that alter after he has figured the loan on the tha basis ot of his conservatively anticipated ability to pay ho he will not be required to do more that he be will not be ba disturbed dahis la his of et forts to work out of his obligations under those terms whether his agree ment Is to repay the entire loan in three or five years or on a monthly or yearly basis he wants the assurance that no additional burdens will be ba imposed upon nhim him all ol of this la Is settled definitely la in advance there Is no mystery about any of the details and when the negotiations are complete the borrower knows just what he may expect and what he will be required to do to meet his obligations loans made to person who wish to acquire homes are not necessarily building loans loana ono may wish to purchase a homo home already constructed in this form ot of transaction bank loans ar are used very freely because it Is the only a kind of a real estate loan some classes of at banks may make others of course may lend upon real estate with improvements prove ments uncompleted and advance funds as the construction progresses different styles in home finan financing clag have developed in the various states and banks have tried to adapt their facilities to the needs whatever character of assistance is required in any particular instance stanco In usually can be found in some bank la in the local community among banks arid and borrowers for home purposes along established and thoroughly tested relationship exists banks ure are not the only agencies through which such funds are available theado the they ydo do not embody all the spirit ot of helpfulness which abounds however through the years of their operation cooperation co their aid haa bai been of unquestioned value to the home builders whose efforts to establish a permanence perman egeo tor for themselves have received constant encouragement hankers bankers everywhere are ara ready to counsel with their customers about their homebuilding home building plans and to assist to the extent ot of their ability this to is being done constantly and the many advantages of it are not without recognition |