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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Apr 29, 1957
Page
9
GI loan eligibility is not restored automatically when a veteran sells a GI purchased home and obtains a VA release. VA guaranty remains, so restoration only occurs if the loan is still guaranteed or the home is taken by government, destroyed by hazard, or disposed of for compelling reasons.
Homeowners facing growth can either move or remodel. Key questions cover expansion space values costs borrowing financing contractors and loan options such as open-end mortgages property improvement loans and FHA Title I loans with varying limits and terms.
Steel trade weekly Steel reports first quarter earnings in many metalworking firms higher than a year ago and projects a possible all time high in 1957 if earnings stay in step with sales. Some large producers’ figures pending, but industry outlook remains positive though demand may ease next year.
Chinese Communist guns on the mainland fired six shells yesterday at Matsu, the chief island of the offshore Matsu group. The attack, the first on Matsu since 1955, caused no damage or casualties and the Nationalist Defense Ministry said the Nationalists did not reply.
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