The Golden State: Where & How to Live, Secure, Visit, Enjoy and Thrive in California
15 Basic Ways To Landscape Your Homepage
If you live in a state whose real estate laws permit "open-end" mortgages, and if you have bought or contemplate buying property under this type of mortgage, you have no problem about selecting a loan agency. The open-end contract allows you additional sums on your property as they are needed. One of the distinct advantages is that under its terms you are allowed a longer time to pay than is offered by any other home-improvement plan. Suppose your mortgage has another lj years to run at the time you apply for an additional loan, then you have 15 years during which to make payments. In such cases, the rate remains the same as that charged on the original investment. Another advantage of the open-end mortgage is that the company holding it has ready proof of your financial solvency and can therefore make a loan much quicker.
Perhaps you do nor have an open-end mortgage bur are in good standing with the credit agency holding your mortgage, then chances are good that you will be able to get an additional loan or have your mortgage rewritten for a larger amount. In either case, the interest rate is lower than on the F.H.A. Title I loan, and the longer payment period allowed you insures smaller monthly installments. If your work estimate runs high, say two or three thousand dollars, the advantages of a supplementary loan on an open-end mortgage or a new mortgage are particularly agreeable, since the extended payment period minimizes financial stress.
The problem of setting up a loan plan suitable for you is small when compared with the benefits your whole family will de rive from home-improvement projects. With such a loan (state regulations differ as to items included under "improvements," so check first), you are permitted to repair, modernize build or enlarge your home or any structure considered a permanent part of it. Therefore, "luxuries" such as patios, swimming pools, decorative fences, beautiful lawns, etc., which add to your recreational delight, come within reach.
Why?
AN OFTEN-ASKED QUESTION IS. . "Why should I bother to landscape my home?"
Dozens of answers urc offered every day in the nation's publications devoted to home gardening. Of all, none fit the question so well as the reply, "You should landscape the grounds of your home to improve its value and beauty."
