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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Apr 23, 1977
Page
6
Energy conservation advances arrive for homes and buildings. A monitored space system can auto turn off lights and power when rooms are empty, reactivating on entry. Wood remains top for insulation and value, with studies showing lower heating costs versus masonry. Replanting forests keeps wood renewable.
Home buyers should compare mortgage money from banks, savings and loan institutions, mortgage companies, and nontraditional sources like pension funds and life insurance firms. Conventional loans dominate, while FHA and VA loans offer insured or guaranteed options with specific terms. VA loans may require no down payment and offer long repayment periods. FHA loans provide low down payments and long terms with restrictions on points.
The Paradise Valley planning and zoning commission recommended approval of a 16 lot subdivision plat this week. It continued action on the Lincoln Ridge six lot project at Lincoln Drive and 40th Street to allow changes such as shortening or removing a 900 foot cul de sac. A letter from the Arizona Water Commission supported Quail Hollow water adequacy, guiding council approval. Town action paused on several subdivisions over groundwater concerns.
Boston AP report quotes Jackson W. Goss of Investors Mortgage Insurance Co outlining credit standards for single women seeking home loans. Key points include steady employment, local residence, adequate income, financial identity, 10 percent down, and housing costs not exceeding 25 percent of gross income. He advises shopping for a lender and home together.
Scottsdale Board of Realtors honors top sales achievers for Private Property Week Banquet. 1976 Residential unit sales go to Jean Sterling. residential dollar volume to Ellie Shapiro. commercial award to Robert L. Boyd. 12 students win 1977 essay contest on What My Home Means to Me. Graduate Realtors Institute designates Phil Lippmann, Paul Ebeyer, Rosemary Terhaar, and Darcie Felter.
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