Page 4...The Portland Observer...October 9,1991
A HOME
DOWN PAYMENT
even the usual federally insured hom e loan requires.
And most closing costs, for tilings like title insurance
and oth er tees, don't have to be paid up tro u t they
a hom e loan from a bank.
But right now, a lot of people in P o rtlan d w h o
think they can't qualify for a hom e loan, can. W ith a
H om ePartners loan from U .S. Bank. It gives you the
ADDITIONAL CLOSING COSTS
All costs must be
Most costs can be
paid up front
financed
TOTAL CASH REQUIRED AT CLOSING FOR
A 11OUSE WITH A SALES PRICEQJF S M O
For down payment, up front closing costs,
estimated taxes and insurance)
S3,652
% OF MONTHLY INCOME ALLOWED
FOR HOUSE PAYMENT
28%
$89
HOME
EQUITY
LINE.
a d v a n ta g es of a c r e d it line
linked to the equity in your
home. W est One Bank gives
you the ongoing availability
of funds, w henever you need
some extra money. And unlike most consum er loans, the
interest may be fully tax deductible*
$
The set-up pro­
cedure is easy and costs
you only $89. So there are
many reasons you should
be using you r hom e for
all it’s worth. This offer is limited, so call or visit any West
One Bank today for the details.
BANK
West One Bank offices in Portland. Beaverton, Clackamas. Eugene. Gresham. Hillsboro,
king City, lake Oswego. Milwaukie. Salem and Tigard.
•Consult your lax advisor Current M’R of 10 3% on lines I p mi *.">.000 tu KM.9RR
T s 1 ni.n k.trv maximum \PR 18*. 588 fer for ftnrt year. S50 per year thereafter
Toprrh insurance required Member FDIC
Up to 33%
CREDIT HISTORY
Previous loan
experience on cars,
credit cards, etc.
Without prior loan experience,
landlord references or a
good record of paying utility
bills can be used to establish
credit historv.
The U.S. Bank HomePartners Program can help you purchase- a house
in Portland for up to 549,000. You are eligible to apply if your annual
household income docs not exceed the following income guidelines:
1 pei son S24.000, 2 people - 528,500, 3 or more people - S31,"00.
I lomePartners is offered through U.S. Bancorp Mortgage Company.
that a lot o f people w h o th o u g h t th e y 'd never be
able to get a hom e loan, w ill get one.
So, before you give up on the idea o f o w n in g
your o w n hom e, take a look at w h a t U .S. Bank s
H o m eP artn ers loan has to offer. It co u ld save y o u
0
from a lifetim e o f rent.
c I'*' »1 United States National Bank o f Oregon
Weatherization
Workshop At Peninsula
Park
The convenience and the tax
$2,160
DO YOU QUALIFY?
to everyone w h o walks in the door. But. we guarantee
■
«
All repairs (except those
required for health or safety
reasons) can be done after
loan is given
Must be done before
loan is given
can be b o rro w ed w ith the rest ot the money.
N et only does this home loan cost less, it s easiet to
qualify for. A steady incom e and a g o o d history ot
paying y o u r bills m ig h t be all you need.
Now, we aren't exactly giv in g away these loans
m oney yo u need to buy a house w ith o u t costing an
arm and a leg. O r even a toot. H eres how it w orks.
lllth a HomePartners loan, the am o u n t o f m oney
yo u need for a d o w n paym ent is one third less than
2%
HQW DOYt KJ C.F.T YOUR DOWN PAYMENT?
Must be from your
Can be a gift from
a relative
own savings
TH INK THEY CAN’T
N ot everyone hits the money it takes to take o u t
A
HOMEPARTNERS
HOME LOAN
5%
LOAN
PEOPLE W H O
GET ONE
!■
A
CONVENTIONAL V S
HOME LOAN
Tues, October 15, 1991
Wed, November 13, 1991
Cost Free
Time 7p.m. - 9 p.m.
Place: Peninsula Park
Community Center
700 N. Portland Blvd.
Portland, OR 97217,
Telephone 823-3620
Free self help Weatherization Work­
shop for renters and homeowners. Learn
how to weatherize your home, how to
lower your utility bills, stay warm and
receive a Free “ Kit” of weatherization
materials valed at $75.00 to install in
your home.
Call the community center at 823-3620
and the Community Energy Project to
sign up 284-6827.
BANK.
The Weight Loss
Plan For People Who
Like To Eat.
I f you’ re having a hard time losing
weight, the problem may not be a lack of
willpower, but what you’ re forced to eat
That’ s why our Personal Choice*
Program works so well. You get a wide
variety o f delicious real foods. And you
can choose the foods you like. W e’ll
show you how.
It’ s so flexible, we know you’ ll
find the power within you to lose
w eight And there’s a Weight
Watchers meeting near you to help.
Official Leaves For
Private Sector
J. Daniel Steffey, Director of Port­
land’s Bureau of Community Develop­
ment has resigned to consult with pri­
vate businesses engaged in socially-
responsible projects. He will leave the
City effective October 14, 1991.
Steffey served as bureau director
for over two years, and was staff assis­
tant to Mayor J.E. Bud Clark for over
four years.
According to Steffey, his work after
leaving the City will focus on develop­
ing partnerships between the public,
non-profit, and private sectors to bene­
fit community lcveabilily. Clients in­
clude private businesses and non-profit
organizations.
Commissioner Gretchen Kafoury
has asked Steffey to complete work on
several projects which have been under
development within the Bureau of
Community Development. He will finish
the work under contract to the City.
‘ ‘ Dan has brought both energy and
creativity to his work with the City.
Bringing more partners to the work
community development will be a
welcomed addition!,” Comnussioncr
Kafoury said.
You've Got It In Y ouT oG ct It O ff You."
Join Any Class Anytime
For more information call (collect)
(503) 297-1021
Weekdays 8:30 a.m. to 5:00 p.m.
(new members please arrive 20 min. early)
Tillam ook Park Bldg.
Temple Baptist Church
2108 N.E. 41st Ave.
Mon.
Tues.
Wed. 9:30 a.m. &
Thurs.
Fri.
9:30 a.m.
1319 N.E. 7th
Fireside Room
Tuesday
12:15 p.m.
(Brown Bag Lunch Class)
7:00 p.m.
7:00 p.m.
5:00 p.m.
7:00 p.m.
Opening Soon Nationwide Ins.
919 N.E. 19th
NORTH PORTLAND
Rivergate Community Church
University of Portland
4737 N. Lombard St.
Tues.
7:00 p.m.
5000 N. Willamette Blvd.
Columbia Hall
(Enter from Portsmoth)
Wed.
5:00 p.m.
©1991 W eight Watchers International, Inc. All nghts reserved WEIGHT WATCHERS and
PERSONAL CHOICE are registered trademarks of Weight W itchers International, Inc.
advertise
PORTLANDDBSERVER
People have used petroleum for thousands of years. The Bible mentions
that Noah used a solid form of petroleum, called pitch, in building the ark.