Decatur Daily Democrat, Volume 37, Number 45, Decatur, Adams County, 22 February 1939 — Page 5

HA Financing Makes Home Owning Easy

UiIIMORTGACE ■incing cosis WTO BUYER Lntial Amount AcL> To Low-Priced home Purchaser Ltxm ti'ii,’ to wider acceptance of r,H A .iii«ured mortgage proI'J lending inßOtutions and Luuon tor these loans as Ln■?lL means a distinct saving ■Thome buyer, according to F K Vannemann. president tHousing Associates Corporgnf BrooklynL, the nnanetiig costs ait t added to the price of the Lor else PS" 1 *' 1 0,1 ,o * he E" he said, "it can be readliy hat in a low-priced house K, saving represents quite an I Financing Costs Cut L federal Housing AdmlnisE program provides the anfw tae question of what caus-

L < ■ff ■' - hl x . '* T k.< ■ ■ r*** I Irair- ~r ?■ Complete Service.... That's what we give you when you bring your building requirements to us. Let us relieve you ot much responsibility by f urnishing FREE Complete plans, specifications, and estimates to meet FHA requirements with each contract. Make your plans now! Own your own home like so many of your friends are doing. We'll be glad to talk to you at your convenience. Decatur Lumber Co JEFFERSON STREET

A MODERN BATHROOM S' That L* Beautiful and Sanitary fl —" t '■* — — jfin v \ \ mSM /_?> 1 • fl i Fgg Hl! i ■’■ ’ -- - '‘ ' **■ .WTr IkXfc. J *4 'fl' I L& \ hi i -*s/x 1 1 • /_„ Modern Plumbing Means Economy in Time and Effort! Invent wisely in heat comfort hv in- Whether you are building a new house or st a iii nir . r remodeling - - most important is the plumbSt k * , ranc ing. Be sure you get the best - - both in o>i r ' " ayne skilled workmanship and in the material urn er. Expert an( ] fixtures. ■ *4i We’ll be glad to talk your needs over with you as our years of service io this community will be most beneficial to you. Walter Plumbing & Heating Co N. SECOND ST.

ed this reduction, Mr. Vuuueuiann (minted out. "The firat inwtitutlone actively to support the FHA program were for the most part, commercial banks and trust companies,” he explained. "As soon as they had taken all of the FHA loans that they wanted for their own portfolios it was necessary for them to arrange for the sale of such excess loans as they were capable of originating Large investment institutions. such as life-insurance companies and banks located away from the large mortgage-origin-ation areas, were anxious tor these investments and accordingly were willing to pay a premium for the purchase of such loans. Retain Servicing "This was profitable to the originating institutions, which also retained the servicing of such mort gages sold, and enabled them to continue to supply the needs of their localities. "However, as more and more financial institutions became familiar with the advantages of Investing in FHA mortgages, the competition to secure tnese loans grew keener. The greatest impetus occurred within the last six months witn the active entrance into the held of large savings banks of New York City, with millions of

DECATUR DAILY DEMOCRAT WEDNESDAY. FEBRUARY 22, 1939.

dollars to invest, which hud bocome sold on the Idea of FHA mortgages for their own portfolios." —-oAppraisal Fees Are Established By FHA An appraisal fee of $3 for each SI,OOO applied for by a borrower from approved lending institutions tinder the Insured .Mortgage System is charged by the Federal Housing Administration. In no case may this fee be less than $lO. The lending agency may charge an initial service fee of 1 per cent to 2' 2 per cent of the original amount of the mortgage and may collect only such appraisal, Inspection. and other fees as are approved by the FHA. COURT HOUSE Guardianship Cases In the guardianship of June Marie. Pauline and James Rupel. inventory and appraisement of real estate was tiled. Bond in the sum of $9,000 was tiled, examined and approved. A petition to sell real estate was submitted and sustained and the real estate ordered sold In the estate of Clark J. Lutz the final report was filed and the notice ordered returnable March 15. In the estate of Floyd Myers the report of the sale was filed, examined and approved. In the estate of Washington Pyle a verified amended petition for the sale of corporate stock was tiled. The petition was submitted and sustained. o BUILD THE EASY WAY THROUGH FHA Missing, Sends Word 4*' a k-... j. Jfc o ■ th vafi r 1 ;IH I I i i sm bi ft 1 Phil ■ll «Uu aM ... .< J I I I alia Margaret Malkoncs A postcard, mailed from West New York, N. J., saying she had a job, is the only word Trank Malkones, Franklin Square, L. 1., has had of his daughter. Margaret, who disappeared from home several weeks ago.

—s| and satisfies for a life-time! 117 Hf'x-X~L7~~I IrSBl 3KgB 1< MJg; •..aril 4’. S ■«. ~ T\ THETHER it be a roof for a new house or a n ~ VX/new roof on an old building, Eternit Ashesw -. ; ft*Tp lin J* W tos Shingles arc the most economical of all ferr-" " Ska forms of roofing. ITIJ jnif ,| • • E® 1 ' /S* a roof that never costs a cent for repairs and never 1 •"*“-> I NF rp |,l! ,-L-vg ~~ requires painting! A roof that provides positive protec1 T-—> ITEM ‘ BQ*I tion against fire from flying sparks! A roof that is "" ; stormtight and weatherproof, forever! A roof that will A,, ±5 a last as long as the inundations of the building! That's •.J wr’j the kind of roof Eternit Asbestos Shingles make iftt\- ■- , . ' ~* ir —- ! possible Let us quote on your roofing requirements. Facts wall “ ~ T r rovc l^at an Eternit Shingle roof is the most cco» -- »a .*1 1 ~ nomical ro<jf you can buy. Definitions Given iterioration. and obsolescence- k 1 For •? Dpchv Terms (li Depreciation is defined as 1 ' * Q W are aISO prepared 10 For JJJecay terms loßs . nviiluefromanjr( . aUg( . what . 1 M 0 R | ..... hp-uinp sidine ever; (2) deterioration refers to <■ lr~~~ 1111 j Olli nCcillllk* The Federal Housing Admiuis (j eca y an d disintegration which « ! and SDOUtinff needs . . ill Z^ - .1 • i tration, in its examination of prop- takes place in structures with the I | • ‘ 1 *.i • r tS ' 'l It 4 erties given us security for insured passage of time, and Cl) obsoles- # »— BED-R I act, everything irOITI Ej 7i Iw mortgages recognizes the follow- cence refers to those changes m Hi Es. R - basement to TOOI. We'll ing definitions of depreciation, de- the usefulness of structures which ■ |«Z» ■ . . . , . , ■■"■■■ . -■=? ■ | T j-4 be glad to estimate any | — imj job you have. Reliable Building I |— i Ashbaucher Tin Shop Service-- I ®“s ™ STSTREET RBAMCIWC I __ I Get our estimate first on any A building or remodeling. We can save you monev and help you ia use them to become less desirwith nuinj rnoncx•saMiijr igchs. able and loss useful. ( Whatever the job, call us in for 0 | reliable, profitable results. Call On dp’ -E i These Firms— I f State compensation insurance on our workmen The following firms will b< glad ' 7" which is for vour protection. t° help you in building your home. ■J I \ i KJ> WVB They can give you the home com- ■ I J ■ I SL Charles “Bob” Robenold rj::; m j vz>a '* B IVU and better home building in D<- <Av • GENERAL CONTRACTOR I catur and will be glad to confer I Ij with you relative to FHA finaucing- For Every Need And Purpose! ■ "" For financing see: YT n tn Firßt stale Ban,< We can save you money on every El JL OU K. 1 W ''tUw»-IK tv P e °f electrical work. If you mm ■ • • *' For building materials buj | d )el us subm jt a bid on a mod- j. . — « - V*, f |jsit Ikg v Decatur Lumber Company. ern e | ee t r j ca | wiring system, it &{J 1 1 I¥2 INCOME Lt Rother tumber_Company. v((u rcm()de| R>( us ( . hc( . k tor , au| . E? I L 113 ’ General Contractor: ty wiring and suggest new outlets ■'/lie c Charles Robenold and improvements. Come in for a z z J!) LjflSK* tree estimate and see how much Plumbing: you save. Wa,tßr plumbill ! Shop ' Iff *ll V C • SS SXrv.ee. < „ ~ Monroe Street »- Uz-zL T I ’ if(*•» z Heating and Roofing Tl. ■ ■ itfei. ' JpUfe—«■ Ashbaucher’s Tin Shop ***"•* '■ ■ ~—— —— -'■* ~ - BE GUIDE buy a very large house ... perhaps (Qi a very moderately priced home. In a j?-dwr your income will allow you to own Z either case, a home may be paid . ... VFiP «a*s- •JrYBJw -i—---for on convenient monthly terms—with payments like rent — suited A V \’J | J to the individual income. Come in ■ \ \\ I Fill and let us explain how the new — A \ \\ FHA terms of the FHA-Insured Mort- ROOFING MzITL UX i iNSURib gage System allow your monthly 7» kA financing income — large or small —to be A big selection of ail typ- IK’fe [V, jl l*U your guide in selecting a home of CXX"- 001 ’" 9 at • v ”“ rown ' N Z 5 LUMBER \J - M'z jk If f For interior and exterior *tAc use. Also sideboard, wallboard and flooring. For “ MILLWORK Wh f her Y ° U / x , or Remodel Make It Last. I I |< l< Windows, sash, entrance ‘P'l'iX 1 1J and ,nter,or doors and JEIt IprT L?llOEffiT'fei'lA, other miii'A.ori.. matter how small or how expensive your plans arc, Ai.-'- ■' 'i. 17 ! LcWTVvF"' jiM* ’ ; —, build permanently! Poor materials not only ruin the apSUPPLIES pearance, but they usually require a sooner-than-expect-A • ————————— - cd replacement. Before you buy see us. Your satisfac- ‘ VZ ‘ Che^t 1 buildhTg .uppltes ‘« K“« r ,«" teed! YoUr savin » s are BIG! Check OUr lOW —. _OX » I at a real sav ' n 0- prices I* IRS J . The FlfSt ? tate BanK © Kocher Lumber & Coal Co ESTABLISHED 1883

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