The Baytown Sun from Baytown, Texas on March 11, 1966 · Page 33
Get access to this page with a Free Trial

The Baytown Sun from Baytown, Texas · Page 33

Baytown, Texas
Issue Date:
Friday, March 11, 1966
Page 33
Start Free Trial

14 Ihr l«Bln»n ftuit Friday, March II, 1966 Vhe Answer Of How To Finance Home Repairs I' buying a new home with a rnc.-e functional kitchen, gleaming baths and added bedrooms seems too far into your future, don't fret. With today's materials and techniques, you can work am izing changes in your present home at prices well within your budget. Modernizing your own home will not only add ease and com- for to your daily living, it will ate add solid value that can be tra slated into dollars again wY n you finally do decide to se ; i course you can't finance a ne l bathroom from the savings in our cookie Jar but banks str '' ready and willing to lend the- necessary cash. They view ho* J improvements as a first cl; ; reason for borrowing and ofi several different types of lot to cover a variety of needs. 3 're is a brief rundown on the six naln ways to finance home im ovements today: l •/£: Title I Loan — You can bor-ow up to $3,500 with five years to repay this short • term loan Insured by the Federal Housing Administration. You can use this loan to modern '.e kitchens and bathrooms as veil as make many other mln >r improvements. But you can iot borrow for projects not cor Idered "essential" to a home like a swimming pool or a green- hot' e, T'.VO: Bank Home • Improvement Loan — At first glance, it will look almost the sam eto you as A Title I loan. You can borrow up to $3,500 and take five years to repay. But interest varies from five to seven dollars discount per J100 a year, l.iese loans cost slightly more but they are more flexible. Banks make these loans entirely on their own. Thus, they ore not subject to FHA regulations. For example, you can use the money for many improvements considered non - essential and thus not approved under Title I. THREE: Open End Mortgage Loan — Take a look at the mort- Mineral Ceilings Are Safe, Smart Mineral celling products, once available only through special contractors, can now be purchased by homeowners from their local lumber dealers. The principal feature of mineral ceilings is that they are incombustible and comply with building codes when such products are required in hazardous occupancies or cxitways. In appeamce, mineral ceilings have distinctive beauty that has made them a favorite for years in prestige office buildings, schools, hospitals, as well as in homes. Surfaces are satin- smooth. Patterns, such as fissured deign, are sharp and rich- looking. The oldest pyramid in Egypt is estimated to have been built about 6,700 years ago. Need to clean your rugs. We stock Blue Lustre Shampoo .. . Your carpet will look new again. Want to make vinyl or fabric look like new! Fabspray Is the way to go. You can restore the new look to fabric or vinyl the easy way. LYHCHBURG Feed & Hardware 1949 Market St. Rd. 426-3119 gage paper on your home. Does It contain an "open-end" provision? Then you may be able to borrow more money, Ui.-illy, you must have already paid in a substantial equity. Then, you will be able to borrow on amount equal to what you've Buready paid off. To handle the y-aa debt.ddedyoyhrmpoltun added debt, your monthly payments may l>e increased slightly .Or the time of repayment extended, FOUR: FHA Long -Term Loan — Under Section 203K of the Federal Housing Act, you may be able to borrow up to J10.000 for as long ag 20 years. If your home is less than 10 years old, you must use the loan to make major structural changes like adding a new wing to your house. On older homes, auch funds may be used for any type of improvements. Interest runs to about six per cent a year. FIVE; Refinancing Present Mortgage — If you have a conventional mortgage without an open - end mortgage clause, see If you can retire your existing mortgage. Then, get a new one In a larger amount to include the money for Improvements. SIX: Personal Bank Loan — Consider a personal bank loan if your home - Improvement projects are small. ANTIQUATKD kitchen (loft) demanded mimjr wasted Ktojis in nicul prcpimilion.1, offered little, xloriiKO spnee, * * • KKMOOELING (above.) nr- nm|;c» work ernler In eompucl arcii behind ('punier, iifie.s free spare for Minek urcn. » « * NEW FLOCKING of vinyl lul.e.s- tos tile, covers up defects of the old, luidly worn Moor, i.s easy to i lean and maintain. I'liolos from Holier Floors Council, Landscaping Can Turn Home Into Something Great Why settle for nn ordinary looking house when landscaping, lumber, labor and ingenuity con transform it into nn exciting beauty. The entrance nron Is the key, and generally It's easy to redesign, For example, n start could be made by dramatizing the doorway with double doors, using glass panels on either Hide and above, Then a pitched or flat canopy could be brought out over the porch area, leaving supporting Douglas lir benms umJ posts exposed for decorative impact. Construction of a canopy Is not difficult and It can bo built either independently of the house roof or tied Into the rooflinc. The porch and front walk cnn become something out of the ordinary if stepped up to the door- Eill In n triplet of brotul pads of paving or wood decking, each slipping over the next like steps. For more design excitement build the porch and walk as a bridge, running a reflection pool underneath and to either side. Water in the pool can be kept flowing by means of a circulating pump. T!ie pool's construction usually culls for professional help, but the stepped porch area can be built, hv an nmatucr 1C wood decking is used. ENJOY LET A BE YOUR CREW \J IT'S SPRING TRADIN' TIME! NO JOB'S TOO SMALLl NO JOB'S TOO TOUGH! A CUB CADET TACKLES EVERYTHING/ Horn's the powerhouse that will handle dozens of lawn and garden Jobs, wlillo you just Hit and steer. Oer CO work-Having attuchmoritM arc available for mow- Ing- in stylo nnil comfort . , . raking, tilling, harrowing, seeding, fertilizing, spraying, hauling, and more. Three new mod«lH to choose from — 7, 10, and 12 lip. All feature direct drive—no belts or chains to worry about. In fact, mch International Cub Cnclot Is engineered like » largo tractor, for hard wear mid long life. Let UN show you the exciting new Cuii Cadet . . . and tlin attractive terms wo offer. ''J '66 Models Start at Only $ 595 & TONY'S Your International and Rambler 'Dealer 330 orth Main BAYTOWN Phone 582-8148

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 11,200+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free