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Eyecntchihg wcodtfial paiéi designed or mounting in the living area at home is furn Mug ishedeIIhlhc new residential electronic air cleaning system The panel provides ataglance CONTROL PANEL SHOWS CONDITION OF FILTER Information on the units oper ation and indicates when the litter needs to be removed and washed Housé Building In 61 This could still be good year tor residential construction in the City of Barrie Alexander said today Already this year there have been 126 houses started com pared to 103 for all of 1960 and 248 or 1959 which was one of the best years in the city This is very surprising the ri contractor said as builders have iound it extrem ely diillcult to obtain mortgages with which to build houses for later sale This is called specu lative building litany builders operate this way or at least they have in the past he said They go to lending institution obtain mortgages or given number of houses build them and then go out and sell them its this type of mortgage lKilfitilllIl it will CHECK WITH US FIRST av which Is in such short supply he pointed out Thats why there are so few new homes completed and up for sale right now And we expect this situa tion to continue until at least early winter However he said there are mortgages available dircct ly lo the public who can then go to builder to have home built Mortgages can beobtained by the public from two main sour ces right now from lending in stitutions such as life insurance and trust companies and from Central Mortgage and Housing Corporation are some strings attached to mortgages from CMllC but nevertheless people who want new homes should investigate these sources For information we would MWfiWiiIIIIMMIIIWIMIIIIIIlIlIltliiiiim on litilt tum nanl llllylQIll lnnniinul lupinlat ill utm hilt Orin roundly viltlflllt maintain Illliitlllluili suggest that people contact any member oi the Barrie Builders Association who are lully inior med on the local situation re garding mortgages at all times Mr Alexander said Last week the federal govern ment proposed to add 000 to funds available or CMH direct mortgage loans which could mean an improved pro gram this winter ior house con struction it is expected that speculative mortgages will be available to builders the same as last winter in order to as sist seasonal employment With practically no new un sold unlts Barrie builders will likely start large number at houses late in the year which will swell the number of 1961 starts and provide employment for many men this winter iIIiIiIIIMiliiUilllillflMWI iii lliilllilfli malre buiideruBJduL National Housing Act mort gage loans for new bomocon rtruction are usually obtained from Ipproved leaders such as banks life insurance and trust These loan are tortured by Central Mortgage and Housing Corpor ation the Federal housing ag ency to protect lenders invest ments to NBA mortgages But CiiHC is also empowered to loan for homeowners housing where cans are not available lrnrn approved len ders sll ae pro spective home owners and NV written evidence thxrmhonsu they intend to build have been prosold to bonahde purchasers Belore applying tor CMHC loan Lho prospective homeown er or builder must first apply or an NHA insured loan Cent ral Mortgage and Housing Con porntlon cannot lead in largo centres unless theborrower pro duces written evidence that he has tried to obtain an insured loan from at least two leaders Including the bank or insurance mpany with which he normal ly does business in smaller centres and in rur al area where lending facilities Loans Are Eosily Obtaincible Now may be limited written evid ence must be produced at at least one attempt to obtain an in red loan CREDIT RATING Alintbectuo ofao NHA Insured loan prospective homeowner ower irom mac must have satisfactory credit rating and be capable of the financial obligations oi the mortgage loan The no nnnl mortgage charges or prin cipal and interest plurmnnicipal taxes should not be greater than 21 per cent oi the oss in HOWII The applicant must be able to provide the diiferanco between the amount of the loan and the total cost of thc house ChiHC requires evidence that tho bor rower providingpiromrhis own resources at least five per cent at the total value at the house and land This equity may be in the form of cash land and labor Since loan advances are made as construcan progresses it is necessary for the applicant to submit evidence of the availabil ity if interim financing if the applicant is to act as his own contractor evidence such as let ters of credit irom bank or suppliers must be submitted Where the applicant employs contractor letter is remun ed from the contractor acknow leglng that he understands there wil be holdhack of so per cent or the value of work corn picted until expiry of the mech anics lien period OVER 25 YEARS Financial terms oi CMHC dir ect loans are the same In loans made by approved lenders Ind may be is high as 914900 tor owlamily dwelling at the current interest rate of per cent Repayment is made In con venient monthly generally over 25 years he term may be extended to 35 years where the borrower would be required to use more than 27 per cent 01 till Emeincoma tomeet monthly Payments For every 81000 no It mo thiy payment in interest and principal is about 8155 over 20 years 8635 over25 your and $615 for asyear period Onetwelitb of the estimated an nual taxes mustbe addedJodL tefinirTothe total monthly psy mont An application for direct GMTC loan must be approved before construction of the house is started lt cannot be approved it work has proceeded beyond tho bare excavation stage CANADIAN TAKES RACE BEIDGEH III NY APilpor ond of Toronto won the featured mmilo 500 cc event In the international road motorcycle races Sunday etc 732 HARM EXAMINER MONDAY EZHEMBEB Ii7 Select Builder With Care He Is Always Key Man Planning on building home it you are take word at and select your house builder with the some care you would doctor or dentist Your builder is hey man in carrying out one at the most Important decisions of your tile How well he does his lob can have great Influence on your future advlr happiness When you hire buflticgyon arsreaiiyengmfie services first class manager who will be res Needless commotion delays due to poor scheduling cost money How do you secure good builder early you are not likely to find dependable man by just plotting name at random iron telephone directory Your arch itect it you have one or your lawyer can advise you and many people know friend who has gone through the house buildin CODE OF ETHICS Another goodaource is the condom tantalum your dream home into reality uh °l um hull and not living nightmare Conv Jtructing home is no simple ask the omityourself type ta who has tried ABLE TO ASSIST good builderi familiar with to assist you in selecting suitable building materials in addition he must obtain necessary build ing permits and hire skilled tradesmen to do th wiring plumbing roofing plastering and palatial Another phase of his job is supervising the construction and assuring that material and labor arrive on the site at the proper time so that you may benefit from wellplanned operation constructionco as an TITEKING House Builders Association AH MLbuiidtLmtmberuun scribe to Code of Ethics which assures home buyers of their re liability and sound periorman The NHBA builderls reputation also an excellent guide if you are planning to buy home si ady completed or sale The Associationrbranch cities will rupnly list oi builder members on request REPORT TESTS iReuterstChlnese newspapers which so far have not mentioned the Soviet re sumption of nuclear weapons tests Monday reported briefly the United States task at Fri doymnd Saturday get Dont MoVelmprove We have hundreds of plans available to assist you in re modelling any part of yourfhome Yourself or our experts will do it for on We can supply all the necessary materials for practical eve home Why not decideN6 but HOMErthatyoullitake pride rmr REMEMBER You dont have to worry about cash when you deal with US Our easy credit terms will allow you to pay to suit your bud ounsxpenrswmfno roman or across cosr Yes You can DoIt room in your ot to have Justahouse ARE Is your house really HOME or just place to live Would You Like To Re model Some Part Of Your TTTHome Add Rumpus RoomRemodel Your Kit chen or Bathroom2lf So Why Not Contact BIILL PLANINGMILL IID you TIRED os RENTING WI WOULDNT YOU LIKET mnemonic When your building repairing and improvement work cullsfor top quality lumbar millwork and other building suppliescheck With us first For the largest selection in form for handy help fulsuggestions for free planning service for mamas pricesr $1ch the best buys always shop here firstl Youll be glad you BRAND New IlOMhOFYOUR owm SATE PRICED GLESw 77 slim STANDARD COLOURS IN ASPHALT SHINGLES CASH AND CARRY AT iilllundole LUMBER some in 49 ESSA ROAD ropain for circatalent of the latetidesignandadloouuyouLnlanl with our lumen For the floatyourself preconstructed quality economy individual See 95th in Information on Home Mm Building andTHome no or Totomam Pin PhonePA82496 THE pPLiiNING BAit RIE PA 8558 PA 232496 48 ANNE 511s YOUR ONESTOP BUILDING SERVICECENTRE