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Newspaper
Pella Chronicle
Location
Pella, Iowa, United States of America
Date
May 09, 1963
Page
5
Do not enter an agreement without checks from established local firms. Visit offices, consult Chamber of Commerce and banker for reputations and financing history. Verify material suppliers, insurance, detailed drawings, a fully filled contract, and a brush clean clause.
Many families planning remodeling or modernization will need to borrow. The article outlines FHA Title 1 short term and long term loans, bank home improvement loans, open end mortgage options, and notes interest rates, loan limits, and eligibility for structural changes or essential upgrades. It emphasizes choosing the best plan for the investment.
Van Vark and Randol plan a new residential development east of their Independence street apartment building. Sixteen homes are planned near Morning Side and Sunrise additions with utilities installed in the summer. Two homes are under construction for resale, one on Jefferson street near the hospital and another on south Hazel I street, both three bedroom Ren designs. The team expects a busy season and will hire carpenters as needed while Van Vark pursues education at Central College this winter.
If your mortgage lacks an open end clause, consider retiring the present loan by obtaining a new mortgage large enough to pay off the old debt and cover the extra cost of your home improvement project. This strategy could simplify payments and finance renovations under one loan.
The 1962 crop soybean loan takeover is extended to July 31 to give producers two additional months to redeem loans and market soybeans. Producers with outstanding loans or storage liens on 1962 soybeans or with purchase options will be informed by ASCS county offices of the new terms.
Guthrie Center lodge of the Independent Order of Odd Fellows awarded 40-year jewels to Fred Schoenver who joined in 1921 and Chalmers Hagelin who joined in 1922. The rest of the text discusses floor cleaning myths and local carpentry plans in Pella, with quotes about remodeling homes and career focus.
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