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the georgetown herald wxlnuday jun 3rd 1959 pach 4 sipasmile ttelaxawhile l enjoy orange ns goodness begins with v fresh oranges r ob you can geta genuine kodalcamera value 500 for only 250 plusfourcrush bottle tops see de tails on the orange crush cartons bottled by credit v alley bottling works georgetown ontario huttonville park opens sunday june 7th opening night community sing movies entertainment western music come and bring the kiddies only 6 miles from georgetown huttonville offers fine accommodation for picnics dances pr vate parties for information phone huttonv me 29m or brampton gl 1 1889 this is the second in a scries of weekly articles entitled how to buy a homo and how to take care of it provided by the nat tonal house builders association and its local affiliate the north halton builders association as a public service tj help you find the right home for jou and your family and to show you how to get the maximum satisfaction from how to finance your new horn once you decide to buy a home you should weigh the desires and needs of your family against the amount jou feel you can spend for your new hqme it is wise to set a cost limit basing your esti male on three tactions your em ploment security 2 chance of your having to support additional dependents 3 your ability to give up luxuries and non essentials how much you should spend for a home depends largely upon your standard ot living and how carefully your family income is managed the rule of thumb most frequently used to arrive at the price range you can afford is two and a half times your annual in come this figure should be qual lfied however by the cost of liv ing in your community and by the down payment you will be able to make generally speaking the higher down payment you can make the more expensive a home you can afford to buy moving into a home of your own usually involves expenses for addi lional furniture appliances yard tools etc other new expenses may include heating costs water rates and additional transportation costs since there is no pat formula to tell you the exact overall cost of hrtmp ownership you should take all these item l lunaidotiu when budgeting to purchase here jour builder can be of considerable help as can your banker and jour local central mortgage housing corporation manager they arc all experienced in the economics of home ownership and can help ou arrive at a rcaltistic estimate generally speaking there arc two type of mortgage loans a ailable the conventional mort gage available on new and older homes and the nha national housing act marinate available onl on new homes conventional mortgage the first type is that offered b lending institutions such as life insurance and trfcstcompanics who have funds they wish to invest in housing the rate of interest on such mortgages is generally jonc half to one per cent higher than that for nha loans the life of conventional mortgage loans is us ually five years renewable at 5 year intervals at the current rate of interest also the amount these institutions can lend on a single mortgage is set by law at a maximum of 60 per cent of the total appraised value of the house and land that means if you take out a conventional mortgage you should be prepared to pay for 40 per cent of your house and land in the cash down payment second mortgage if you cannot raise this large a down payment you have the op tion of taking out a second mort gage a second mortgage is usu ally for a limited amount of mo ney a few thousand dollars at most and for a term of three to five jears the interest rate is rel tivelj high running from eight to 10 per cent second mortjalls are to be a oidcd it at all po sible for ihej impose a hca financial burden upon the family during the first lev j ears of home occupancy an unforeseen financial emergent cm throw a monjkey rtnch into the arrangements and loss of the home is risked the nha mortgage the nha morgage is that m which the government guarantees the lender against loss under the terms of the national housing act the actual money usually comes from one of the lending in stitutions mentioned above but the governments guarantee encou rages them to put more funds in to housing than they might other wise it also makes it worth the lenders while to take a lower rate of interest on their investment than they would receive on a conventional mortgage at pres ent the nha interest rate is fixed by law at six per cent there are limits to the size of mortgage you may obtain under toe nha it cannot go over 90 per cent of the first 12000 ap praised value of your house and land plus 70 per cent of the re mainder up to a maximum of 512800 the government has set these restrictions to encourage building of lower priced homes and so enable more people of av erage income to become home owners nha loans are usually taken out for 25 years the rate of interest remalninunchanged throughout the life of the mort base normally if you re bujlng a house in a mw subdivision or arranginl with a builder to con struct one specially for you the builder himself would look afur details of obtaining the mortgage for vou he will hac alt thcnt cessary information on down pay ments and other initial expenses which wilt be incurred if for some reason youi builder unable to obtain a murtj iw for you you can faciliuu buiwiin of jour home by applying to the lender of your choice or railing that to your central mortgage housing corporation office for a direct mortgage loan providing your financial position shows yu arc able to take on the responsl bility of home ownership a mort gage may be released to ymi and your builder can then proceed with construction understandably the potential home buyer feels he is on unfain uiar ground when it comes to ma king arrangements for financing and other business details connect ed with home ownersjup tortu tiatcly competent advice is al ways available from the individ uals and organizations mentioned above without charge or obliga tion the best thing to do is in vestigate thoroughly before you make any decisions farm news twilight meeting at brampton seed farm by j a f farmers in halton county will have an opportunity to take part in a twilight meeting on monday evening june 15th at the bramp ton seed farrn at brampton this programme is sponsored by the field husbandry department of the ontario agricultural col lege and the soil and crop im provement associations in halton peel and york counties the pro gramme is being repeated this year as a result of the interest shown at last years event there several questions tha halton farmers will be able to nave an swered at the meeting should spittlcbugs on alfalfa be controlled some obsencrs bel leve this inseet is building up in our area to the point where it ma be depressing haj jiclds there will be an alfalfa nu adow which has been sprajed to control this pest where does dupuits fit lpots re sown to show this anet in comparison with vernal al o the group will sec how first and sec ond yiar duluils meadows look after a winter that killed wheat and thinned meadows can br me be the onlj grass in a haj mixture brorac establish ment has long been a problem tood stands with alfaffa made an excellent hay mixture bronte and alfalta are compared with mixtures by themselves and with red clmer and timothy what about birdsfoot trefoil seeding or birdsfoot trefoil will show it trowing alone and in mix lures these tests will allow far mers to see where trefoil fits in the farm program and what type should be grown can we improve our forage cs tabllshmcnts studies on differ ent methods of seeding alfalfa and brome grass with a grain drill should help to answer the follow ing should ou pack pr harrow after seeding docs the new melh od of band seeding forage crops pay dividends interest is alwajs high in new varieties of oats and barley in cluded in the tour of the farm are the regional tests o foals and bar ley the meeting on june 15th will start at 7 30 with group lours of the various plots speaker for the general sessions at the conclu bion of the lour will be dr d huntley head of the field hus bandry dept of the ontario agn cultural college kelly registers one under par north halton golf and country club pro russ kelly a frequent tract urer of par last season was up to his old tricks again thursday when he carded a trim one under pa 1 during mens day here kelly twice had to cope with treub esorae temporary 5th and 7th greens to register the emiable eigh t en hole total d i rand and ken nash took lovt g os on ue day white 1 or uin rranlf ua and rill tlick capture low net second low net was retibtered bj cec mcnamara special prizes went to john walsh for hidden score and dae junes for bird ing the second the handicap committee arc re- nnn lint players to be sure to post all scores on their handicap cards each nine hole round should be doubled and carded as eighteen ho les teles ce l t axtxi- the dudogirl married the ro mantically lazy cowboy but the marriage wasn t going very well buck she complained one da 1 m ashamed papa pas our rent mama sends money for food my sister sends me all my clothes you shore ought to be buck broke in you got two uncles back east and they don t send us a slinkin dime cause for complaint but you won t have any complaints to make when you invest in one edkuiti hi bbmicb of our dependablesafoty franklin prous8 checked used cars and we vc rounded up quite a selection of late mo dels lo show you so how about moseying down to the old corral todays best buy 19s5 buick one owner spotless condition fully equipped frankun prouse motors ltd pontiac 8uick vauxhalt omc trucks euttm limit gaortovn stall station tr- 7991 1495 coneccte foundations brick block work sidewalks new homes floors garages commercial industrial residential institutional bill hamilton hamilton construction every building need 8 raid court gmfgetown phone triangle 73480 canadas largest household moving co hilhh mover 7392 dundas street west tsftcwrt local and long distance household moving modem furniture warehouses crating and shipping for overseas call le 14671 averse charges june lltfi is your day nwmr lmim if froet on june 11th approximately 15000 polling places in ontario will be ready to receive your vote they will remain open from 8 am to 7pm standard time and from 9 ajn to 8 p m day light time timetested election machinery will assure every voter the free full and impartial exercise of this ancient and honourabhjrlydege of democratic citizenship how you vote is your business but it is also important to your family friends and neighbours that you do vote your vote means many things it expresses your judgment on the issues put forward by the various parties dunng the election campaign it gives your opinion about the candidates who have placed their names before you it states your decision ibout the future profrross of our province and the men who will guide its desuny in the years immediately ahead in these last few weeks you have had many opportunities to assess the policies and platforms ol the principal parties you have been given a complete and comprehensive accounting of the rtewardship of your affairs by our progressive conservative administration we believe the record has been one of good stewardship wise management and sound planning for the future the purpose of this brief message is to suggest respectfully that the safest surest and most forwardlooking decision that yon can make on june 11th is to give your vote for the candidate who represents the progressive conservative party and the government whose pohoes have been so lirgely responsible for ontarios spectacular pro- grvs in the last ten years even greater progress lies ahead- ortjmbettth vote progressive conservative m m i i f