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 7 · column 1 of 7 · from the scan, no model involved
Real Estate tE?
Eileen M. Day REALTOR
NEW WAYS TO FINANCE
In addition to the well known adjustable and fixed rate mortgages, buyers can also choose from two new va riationsof them.
Convertible ARNls are adjustable rate mortgages that can be converted into fixed rate loans Their rates are only a little higher than regular ARMS, but you can convert them to a fixed rate loan without paying high refinancing costs. Some limit the period of time during which they can be converted.
Biweekly mortgages are fixed rate mortgages, but instead of one payment a month, you pay half as much every two weeks. So you actually pay the same as 13 monthly pay ments a year—thus paying off a 30 year loan in 20 years, 9 months, and saving a gre at deal of interest. These mort gages, not yet available every where, are increasing in popularity
With all the varieties of mortgages, you should choose the type- that best meets your needs. We work very closely with mortage lenders and can help advise you.
If there is anything we can do to help you in the field of real estate please stop in at EILEEN M. DAY. Realtor, The Clopton House, Washington, Va. 22?47. Phone 675-3033. Were here to help.
63.5%