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By MARIE F. ATKINS Phone 987-B802 patient in a Delaware hospital. Mrs. Knick is the granddaughter of the late Mr. and Mrs. F. R. Frazier, Sr. This writer asks for your prayers. Mr. and Mrs. Harry Racey and children have returned home after a week’s vacation in Williamsburg and other places of interest in the area.
^f^Sa^cEstate Eileen M. Day m^on HOW NEW HOMES FINANCED There are many ways to finance the purchase of a new home. Last year, between a half and one million homes were sold and all of them were financed through five basic sources. Here is the breakdown according to the Bureau of Census. ♦Conventional mortgages.56.16% ♦FHA insured mortgages.23.20% *VA guaranteed mortgages.11.68% ♦All cash (surprise).7.68% ♦FMHA (Farmer’s Home Administration insured).1.28% As you can see, over half of all the financing for the new homes is through conventional mortgages, but it’s nice to know that there are other sources. Which one is best for you? That depends on your present income and the property in question. The job of the professional agent is to match the right house to the right buyer and to the right financing. Call us if we can be of assistance.
If there is anything we can do to help you in the field of real estate,- please phone or drop in at EILEEN M. DAY, Realtor, The Clopton House, Washington, VA. 22747. Phone: 675-3400. We’re here to help.
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