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An Important Message To Prospective Home Buyers... ti :• r ! - • - y Now's the Time To Buy a New Home If you are thinking about a new home - - or perhaps have put off thinking about one - - we at McHENRY SAVINGS AND LOAN believe the current depressed housing situation is rapidly im­ proving. Consider. * "A new season of home buying traditionally begins each year after Christmas frees are down and the holiday decorations are packed away; that's when prospective buyers begin in earnest to look for homes." • - Chicago Tribune, January 1981 Because of the continuing soft realty market, many home owners have been forced to lower their selling prices in a desperate attempt to at­ tract buyers. At this moment there are bargains to be found in all price ranges. "If interest rates get low enough to spur a noticeable upsurge in buying, most analysts expect home prices to begin rising again. Even without strong business, some home builders, because of rising costs, already have been forced to increase prices. Chicago Tribune, January 1981 "Housing demand can't be held off forever. We have already waited longer for a rebound than ever before. . . We now see good signs that the demand is about to break out and for the first time since 1978 we are plan­ ning an expansion of our offices." • - Leading real estate firm in the Chicaco area, quoted in the Chicago Sun-Times, January 1981 But you say, even if I find the home we want, how can I afford it at today's sky-high interest rates? There's good news here too. Not only are housing prices coming down, but interest rates on mort­ gages are also dropping. And here's where McHENRY SAVINGS AND LOAN has found a way to help you. It's called a Variable Rate Mortgage. . .a new financing plan that periodically adjusts the rate you pay to reflect changing market conditions. You are not locked into a permanent interest rate established at the peak of the market. *"We are looking for rates to come down, especially when we move on in­ to January and February." - - Housing consultant Gary Meyers* quoted In the Chicago Tribune, January 1981 Like everything in life, timing is important. This looks like the time to make your move to a new home. McHENRY SAVINGS AND LOAN suggests you stop in now and talk to one of our loan off­ icers. It might be the most timely move you'll ever make. • ^ * "There is much more 'air' ,in the used home market and sellers probably will increase what they are asking only af­ ter they perceive that demand has become stronger. And purchasers who get the best deals probably will be those ready to purchase when the market turns." - - Chicago Tribune, JanuaVy 1981 Call Bob Stermer or Mary Ann Utriainen at 385-3000 for more information. McHENRY SAVINGS < LOAN ASSOCIATION. McHenry Savings Wm AND LOAN ASSOCIATION^^ 1209 North Green Street, McHenry I15/3S5-3000 10520 Main Street, Richmond 815/678-2061 ) 10402 North Vine Street (Huntley Center on Route 47), Huntley 312/669-3333 SAVERS HOURS: *:00 am to 4:90 pm Monday, Tuciday and Thursday; 9:00 am ta 0:00 pm Friday: 9:00 am to 9:00 pm Saturday. McHonry Off ica Drivo-ln Windows opan Wodnotday »:00 am to 2:00 pm. Clasod Wodnotday in Richmond and Hontloy. . \ : r - • L . ; . . Deposits insured to $100,000 by the Federal Savings ft Loan Insurance Corp. tmiM mimar. LENDER