The Bismarck Tribune Newspaper, September 6, 1934, Page 7

is: ~~ ‘ s \ feo ini ~ ms as PROPERTY OWNERS. | » WITH SET INCOME MAY SECURE LOAN May Make Application to Any Bank or Financial Firm Approved by NHA LOANS FROM $100 TO $2000; + Lending Agency May Not Col- lect Total Charge of More Than $5 on $100 ‘The following questions and an- twers will tell you, in the simplest possible way, how to go about getting @ loan for “renovizing” your home. ‘They have been prepared with the aid of experts of the Federal Housing 6. Administration. 1, Who may apply for a “renoviz- ing” loan? Any property owner—individ- ual, partnership or corporation 1 —with a regular income from salary, commissions, business or other assured source. 3. To whom doI apply? To any national bank, state bank or trust company, savings bank, industrial bank, building and loan association or finance company approved by the Fed- eral Housing Administration; or to a contractor or building THE BISMARCK TRIBUNE, THURSDAY, SEPTEMBER 6, 1984 ; " Questions on NHA Answered the financial institution you consult for a loan. ‘What papers must I fill out? The government has provided @ uniform application blank for the use of home repair borrow- ers. After this is filled in and approved, the lending agency makes out a note for the amount loaned, calling for pay- ments monthly or as agreed upon between lender and bor- rower. This note requires the signature of the borrower, and (except in special cases) if the borrower is an individual and is married, also the signature of wife or husband. No other co-signers or endorsers are re- quired. How much may I apply for? From $100 to $2000, depend- ing on your income or ability to pay, for improvements on any one property, and in con- nection with not more than five properties unless approved by the Federal Housing Adminis- tration at Washington. ‘ . How long may the loan run? For any number of months up to three years, although this time may be extended in ex- ceptional casés by special per- mission of -the FHA. What security do I need? That you have an adequate regular income and a good credit record in your commun- ity. ‘What assurance need I give? (a) That you own the prop- erty. (b) That the income of the signers of the note is at least five times the annual payments on the note. (c) That your mortgage, if any, is jm good standing and that there are no other past due encumbrances or liens ‘against your property. 10. 12. pay up On my mortgage, or on my taxes? Then apply to the Home Own- ers’ Loan Corporation, another government institution design- ed to help home owners in distress, What is the cost of this credit? The lending agency may not collect, as interest, discount or fee of any kind, a total charge of more than $5'on each $100 of the original face amount of the note. This acutally aver- rig about 5% per cent inter- es How do I pay the note? By making regular, equal, monthly payments until the note is paid in full. If you are @ farmer, however, you may make seasonal payments, al- though not less than once a year. May the owner of any kind of Property apply? Applications will be consid- ered for credit to improve one- family, two-family or other residences; apartment build- ings; stores, office buildings, factories, warehouses and farm buildings, Where do I make payments? Your regular installment pay- ments may be made in person at the place of business of the lending agency; or by mail; or as otherwise arranged. Make 13. 4. 15. ropay this telephone ringing machine has a day off ... skilled hands are cleaning, adjusting— while its mate rings the tele- phono bells of the city. no payment to any governmen- tal office or organization. May I pay the note in full be- fore it matures? , Yes, at any time. And if you do so, a reasonable rebate will be allowed for repayment, if charges have been collected in advance. May I make more than one payment at a time? Yes, as many as you wish, but such payments should be in exact multiples of the agreed payments — that is, if monthly payment is $10, larger pay- nents should be $20, 30, etc., odd sums, such as $18 or $25. What if I am late in making my payment? If you are more than 15 days late, this tardiness incurs an extra expense on the lending agency; therefore, the financial institution should be reim- bursed in part at the rate of not more than five cents for each dollar due. If you keep on being delinquent in your payments, the financial agency will have to take legal steps to collect all that is due on your note, and that will cost you an additional sum including (1) earned interest at 6 per cent a year; (2) “late charges;” (3) court costs, including fees paid for issuing, serving and filing summons; (4) attorney's fees not exceeding 15 per cent of the amount collected on the de- faulted note; (5) handling fee of $5 for each note, if judgment is secured, plus 5 per cent of the amount collected after re- turn of unsatisfied property ex- ecution. And all this in addi- tion to the principal due. 16. What if I want to pay, but can't? The FHA has provided a plan whereby you can extend your note so as to make smaller monthly payments, or you can get ao new note on the unpaid balance, for as long as three yesrs, SF SO } Call an Architect _——$$—$____ i's When altering or remodeling, ive the architect an abundance of leeway. He is an expert. He can see what the layman cannot see. He can make practical sug. gestions, and he can save you money. He can suggest small, in- expensive changes you may not have thought of, but which will Mean much to you. Give the arch. itect a general idea of what you want, but let him develop it. He can visualize the finished product as only one so trained can see it. Java has thunderstorms on an av- erage of 225 days of every year. istration, Key Point Housing |eomplete appointment of chairmen in Ch yy A Chairmen are: John Morgan, Devils |each of the ten key cities in North airman ppointed Lake; Frank Ray, Dickinson; John | Dakota to form @ nucleus for the bet- oes |McGutre, Fargo; Paul E. Griffith, 'ter housing program in North Dakota. Chairmen of the local moderniza-|Grand_ Forks; E. J. Gurski, James-| The campaign, to acquaint citizens aon eid ign to be d on in con- | WR; F. E. Wetastein, Mandan; W. H. ie that state with benefits they may mpa arrie CON! Sohnson, Minot; Harry L. Polk, Wil-|derive from the national housing act, nection with the better housing pro- | jiston, is expected to begin within » week. gram in eight cities were ‘announced | Cummins said local chairmen for Thursday by R. B. Cummins, state di-| Bismarck and Valley City will be ap-| There are 16 sound-equipped movie rector for the federal housing admin | pointed within the next few days to |noubey in ancient Palestine. | PAINTS NEW TYPE DOUBLEQUICK HOUSE PAINT —Dust-free in 2 hours, dries in 6 hours. One gallon gives 400 feet 2 coats...$2.75 per gallon CAPITOL WALL FLAT— In latest tints...... + $2.10 per gallon JEWEL WALL GLOSS—Washable and wa- terproof paint for walls and woodwork. $300 per gallon JEWEL LO-LUSTRE SEMI-GLOSS ENAM- EL FINISH for your woodwork, $3.50 per gal. Complete line of colors, varnishes, paints, kalsomine—anything needed for an up-to- date PAINT JOB. WALLPAPERS EERE REE Re a - ‘ supply dealer, who in turn can get the necessary funds from his bank with FHA backing. You need not be a depositor in (a) That you will use the proceeds solely for improve- ment of your property. 8. What if I have been unable to Take Advantage of Our Low Prices on 1934 Wallpapers 6e, 7c, 8c, 9c and 10c per roll .30c per roll and up ME THROUGH THE ROOM LOT PLAN. 10x12 room, for in- stance, decorated with 9c paper, including walls, borders and ceiling, for only— $1.80—total cost Limited amount of free pamphlets. “How a Property Owner Can Benefit Under Better Housing Program,” available at our plant. & Bismarck Paint and Glass Co. ¥. E. Spohn, Manager Paints—Glass—Painters’ Supplies . 401 Fourth Street Bismarck Phone 399 Countless telephone workers are busy providing your service «+ engineers, builders, installers, repairmen, testers, operators, employees in seores of telephone jobs. Because of them and the equipment with which they work your telephone is alive with al- Through Our Service BUILT-IN FEATURES, such as breakfast nooks, wall telephone cabinets, combination linen and clothes hampers, utility and kitchen cabinets, fireplaces, china closets, ironing boards, etc. service ... and to do eo at the low- est cost to the public consistent with fair treatment of employees and of the 850,000 men and wo- men who have invested their savings in the: Hee Hands AT YOUR SERVICE CABINETS and FURNITURE of all kinds remodeled and repaired. We are now equipped to make any kind of millwork, including odd mouldings, doors, windows, frames and screens. We also carry a complete stock of LUSTRAGLASS, the ultra-violet ray admitting glass. It costs no more. . . . the Need of the Day! CHECK YOUR HOME FOR THESE FEATURES THEN PATRONIZE HOME INDUSTRY Let us help you plan your modernization work. It pays. in Our Father’s Time This Was Modern... . «+. but today Dad would drive a late model car. Likewise today he would have a modern heating plant in the place of the old hand-fired dirt-spreading system that was modern in his day. j And it really costs so little to modernize your present) heating plant with a HEATMASTER Gas Burner. You can, have all the advantages and conveniences of automatic Gas | Heat for no more than you now spend for sweets, for tobacco, '. entertaining or amusements, or cleaning. Just add this ' small amount to your present heating bill and have modern heat . . . forget your furnace troubles. Aune Carpenter Shop 614 Broadway Bismarck Phone 205 There could be no more advantageous time for you to build, modernize or repair than right now. Bismarck needs more homes. Our prices have been reduced. Take advantage of these low prices and do your building now. Your place will increase in beauty and comfort. You will benefit, everyone will benefit. Let us help you with your planning.. We will be only too glad to assist you. No cost or obligation for our services. Ifyou spend 18c a dey. you spend $54.75 in a year I you opend 28c 8 day, you epend $73.00 ina year If you opend 25 2 day, you spend $91.25 in a year You can enjoy all the advantages and conveniences of automatic Gas Heat for no more than the average family spends for any one of these accepted necessities. SO LITTLE for the plumbing you have always wanted. MODERNIZE NOW AND SAVE NATIONAL HOUSING ACT AID FOR MOD- ERNIZING. We can supply you with all the in- formation necessary. to obtain National Housing Gas Act aid for Home Modernizing. ~ WOME When You Need é j FIRED a 5 Pipe, Fittings, Valyes, all sizes, Plumbing Specialties, EQUIPMENT Sinks, Tubs, Toilets! Lavatories and Plumbing at Low and Lompeiye Costs, Frank G. Grambs Company Behind Corwin-Churchill Motors. (ie Bismarck Lumber Co. Building Material and Builders’ Specialties . J. A. LARSON, President Montana-Dakota Power Company Bismarck, N. D. 101 Seventh St. Bismarck - Mandan - Hebron - Dickinson