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Saint Charles Journal in Saint Charles, Missouri

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Newspaper

Saint Charles Journal

Location

Saint Charles, Missouri, United States of America

Date

Jun 19, 1975

Page

16

Uncomplication Mortgages Explain Three Loan Types

William Hoffman outlines three main mortgage types conventional FHA and VA. Conventional loans dominate most financing with 10 percent down and rates around 8.5 percent. FHA loans require 3 to 20 percent down with insured backing and VA loans offer no set maximum with lender guarantees for qualified veterans.

FHA Veterans Administration

Real Estate Groups Meet to Discuss New Federal Act

Representatives from real estate related organizations will meet June 26 to study the Real Estate Settlement Procedures Act which becomes effective tomorrow. The event, sponsored by the Real Estate Board of Metropolitan St. Louis, will be at the Colony Motor Hotel in Clayton at 6:30 p.m. Experts from each group will explain the act’s impact on builders, realtors and lenders followed by Q and A. Additional round tables on real estate techniques are set for 1 p.m. and 3:30 p.m. with sessions on open houses, obtaining caller numbers, showing property, buyer objections, creative selling and buyer empathy.

Federal The Real Estate Board of Metropolitan St. Louis Colony Motor Hotel Bonhommer Ave Clayton Real Estate Board Home Builders Assoc Mortgage Bankers Assoc Savings

Also Mentioned on This Page

West County Music Ed Brown John DeBres Sandra Kownacki O'Fallon Eastside Plaza Journal Don Adams William Hoffman St. Charles G.K. Morgan SOUTH MAIN $T_ CHARLES Mobilemate Dickhérber Ing North Main St Ameter
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