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V&rHoE MDEINZA TION À13 SECTIONV rt v 'f DOOR CLOSERS CONVENIENT How much more comfortable and convenient many homes would be with d"o~ closers! These small items of utility are almost universal in offices, schools,* stores and elsie- where. In the home, they would in- sure relief from slamming doors, save heat lost through doors carelessly left open, and prevent injurious drafts and disagreeable kitchen odors. PLA S<1>rAimNs !For interior or exterior use Brr-hes evenly; dries witl hihgloss. ib. $245 FLORNIDE ! Special floor enamel. Re- MwIW=ýists hardest wear. Makes ý3f lac rslaok,8 1~ I I Pitcaim Quality FLOOR VARNNSH UVnmatched for ha long wear. Withstands water; won't tumn white. Dries bard in Ï4$1 .55 hours. '/r-gaUIsm 1 L tggl pays go coneIot. he Ridge" HOFFMANN1BROS. For Feed, HARDWARE antd Fertifixer Wilnmette Avenue - Ridge Road Phone Wilmette 651 How You Can Obtain That Repair Loan' Here, in a nutsbell, is the plan for borrowing modernization funds under the Federal Housing program. 1. A modernization boan is solely for the purpose of repairing, altering or improving your home, sbop, farm- bouse, store or other building. Diver- sion of the money to any other pur- pose is strictly probibited. 2. It cannot be for less than $100 or for mpore than $2,000. The bor- rower must have a bona fide source of income equal to at least five times the annual payments. Provide 3-Year Ter»»n 3. It can be made for terms up to three years, but may be paid in full earlier than the maturity date if the borrower desires. 4. Maximum charges, including in- terest and fees,* cannoe exceed an amount equivalent to $5 discount per year per $100 original face amount of the note. .. 5. To get a modernization loan, the property owner must present to the bank or other lending institution a precise estimate of the cost of the improvements and should be able to prove that tbey are necessary or ad- visable.. Must File Stateinent 6. In addition, the property owner must file a Property Owner's Credit Statement, showiing his financial con- dition, sources and amount of income and other information necessary to determine bis ability to repay the loan. If the bank considers the improve- ments advisable, and the property owner able to . meet the pavments wben due, it cati advance the money BHEATING SERVICE CO.o O11 Durner Service ALL MAKES Winnotlka 375Day orNight OLIVER HANSEN MORTOACE. LOANS ,We are in the maa-ket for conservative firist mortgage, ban's on . residences, apaÈrtmenXs and..office buildings. Quinlon &Tyson, Imc. 1N. La Salle Street Chicago Central 0227 1571 Sherman Avenue Evanston University 260 on the personal note of the property owner. Thenote must be signed by both husband and wife,ý if the prop- erty owner is niarried. No mortgage or collateral security is necessary, un- Iess State laws or the financial insti- tution's officiais demand it. New Roof on Old One 1Real Economy Measure When reroofing a house, it is some- times advantageous to select a roof- ing material that can be applied di- rectly over the old roof. "Over-rb)of- ing," as this process is termed, is a method that is practical, economical and profitable. The labor and expense of removing the old roof is eliminated. The ease and simplicity of application is great- ly increased. Littering of the lawn is avoided, and the home is complete- ly protected from any possible dam- age byiclen weather during the operation. A double' roof is the resuit of this method, which offers increased pro- tection from storm damage, and acts as an insulation, enhancing home comfort both in winter and summer. Reconditioning money may be bor- rowed, if desired, from any local financial institution authorized by the Federal Housing administration to make boans insured by the govern- ment, s0 that no home owner. need neglect this important item of in- provement. This and similar improve- nients should be attended to immedi- ately, before the ravages of winter make them impossible and doubly im-, portant. Make Plans Now for Proposed New Home VVhile the new building feature of the National Housing Act-that por- tion enibracing the insurance of ,mortgages and establishment of na- tional mortgage associatîons-prob- ablv will nlot' become operative be- fore the early part of îîext year, the Federal Housîng Administration is activelv engaged ini laying the ground- work for this broad' program. Admin- istration officiaIs are urging those, conten'nplating new work to consuit with architects and builders this faîl. A fanîily building a bouse must have in cash at least 20 per cent of the total value of the house and land, or the equivalent in land, which is owned free and clear. Mortgage loans made on new and exîsting homes, to, be approved for insurance, are limited to a maximum.of $16.000 representing not more than 80 per cent of the. appraised, value. Tbhey are to be-amortized olver a period of flot more than 20 years. HOME Country- Wide. Repair Job is Pushed by U. S. In an ambitious movement de- signed to lift the lagging construc- tion and capital goods industries out of the doldrums, the Fed eral Hous- ing Administration bas launched its nation-wide pr ogramn to encourage the repair and modernization of resi- dential and commercial properties. This programn is in liue witb the objectives of Title 1 of the National Housing Act, passed by the 73rd Congress as one 'of the most im- portant pieces of recovery legisia- tion since the National Recovery.Act. Under the terms of the Act, pri- vate financial institutions are enabled to make investmeuts having the same degree of security and liquidity as is possessed by their best collateral boans. The goverument unakes no direct boans to property owners, but, rather, creates the machi nery' by which borrowers may obtain funds from established credit sources with greater ease than even. in normal times. A National Need Private iudustry and public officiais alike agree that property mioderniza- lion ini the. United States cofistitutes a national need. Millions of Amien- cati homes, apartments, offices,,stores, factories, and other buildings have suffered serioiîsly f romin ack of nor- mal care and attention during the past four or five years of depression. It is conservatively estinîated that 16,500,000 buildings in the United States have reache(l a seriouis state of disrepair, and of these at least 3,000,000 -have arrived at such a phy- sical state that nothing short of a major building operation cati save themu. The remaining 13,500,000 for the most part require only mninor re- pairs, but they are of the character that must be initiated at once to off - set serious deterioration. How Goyernint Aicli The Federal goverýi ment, through the Ilousi'Yg Adminisktjoi, will in-, sure lending agencies against 100 per cent of aIl losses, provided the total of sucb losses does not exceed 20 per cent of the aggregate amount of funds advanced for property improve- ments. This insurance is virtually an iron-clad guarantee of protection for the financial ins titutions, sinice the highest known îoss ratio on similar types of boans bas flot exceeded 3 pe'r cent. Convert Cellar Itito Fine.*Recreation'Room The dismal depths of the old fasb- ioned cellar have given place. to a new American, institution-the rec- reation room. People are taking ad- vautage of the opportünities for ob- taining boans made easy by the Bet- ter Housing program to have their cellar walls and ceilings lined with insulating board. This attractive ma- terial is pleasing in appearance and ýturdy ini character. It costs little to instaîl, and makes a perfect back- ground for the informaI furniture and decoration of the recreation room. Septeniber: 20, 1934 WILMETTE LIFE