Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 3 · column 8 of 10 · from the scan, no model involved
ou nave your eye on the purchase of a “handyman special”. You can arrange the financing for the $40,000 price tag, but it will need about $8,000 in repairs. Where do you go from there?
A construction committment loan is one way to finance immediate improvement on a home you are about to buy. Basically, you will ask for a loan on the future value of the home - after improvements and repairs. In other words, a loan based on the future $48,000 value instead of the present $40,000 price tag. If the bank agrees to loan 75 percent loan, they will give you $30,000 (75 percent of the $40,000 sale price) for payment to the seller at the closing. It will
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