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About Spilyay tymoo. (Warm Springs, Or.) 1976-current | View Entire Issue (July 8, 1977)
JULY 8, 1977 PAG E 5 Home Loan Policy Revised for Tribal Members Mobile Home Policy Commercial loans and mobile home loans will have maturities based upon agreements between the borrowers and the Credit Manager after reviewing the repayment capabilities, collateral, and income expectations of the borrowers, provided that no loan agreements shall extend beyond ten years from the date of first approval, in the case of commercial loans. In the case of mobile home loans, maturities will be based on the following schedule: (The m in i m u m down payment requirement for any mobile home is 5 per cent.) WIDTHS MOBILE HOMES 14’ wide New to 2 yrs. old double wide New to 2 yrs. old 14’ wide 3 yrs. to 5 yrs. old double wide 3 yrs. to 5 yrs. old all widths 5 yrs. or older MAXIMUM MATURITY 14 yrs. 20 yrs. 12 yrs. 18 yrs. 10 yrs. The tribal credit Home Loan Policy has been revised and the $22,500 limit has been lifted. If an individual meets the criteria set up by the new policy, financing can be obtained for up to $30,000 for up to 30 years at 5 per cent interest per year with no down payment required. Beyond $30,000 to an approved applicant, there will be a down paym ent required and it will in crea se as the chart below indicates. 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% g i The maturity date on any mobile home under 14 feet, either new or used shall not extend beyond 10 years. At initially established maturity dates, interest and principal repayments will be scheduled for repayment at the time of approval of the loans. Delinquencies will be judged in accordance with Section 31 of Resolution 4526, according to the Tribal Credit Department. DOWN PAYMENT LOAN $30,000 $31,000 $32,000 $33,000 $34,000 $35,000 $36,000 $37,000 $38,000 $39,000 $40,000 none r e q u ir e d $310.00 $ 6 40.00 $ 9 90.00 $ 1 ,3 6 0 .0 0 $ 1 ,7 5 0 .0 0 $ 2 ,1 6 0 .0 0 $ 2 ,5 9 0 .0 0 $ 3 ,0 4 0 .0 0 $ 3 ,5 1 0 .0 0 $ 4 ,0 0 0 .0 0 $30,000 $30,690 $31,360 $32,010 $32,640 $33,250 $33,840 $34,410 $34,960 $35,490 $ 3 6,000 • W ith each $ 1 ,0 0 0 i n c r e a s e in p r i c e , t h e r e w i l l be a 1% i n c r e a s e r e q u ir e d f o r th e down pay m en t. The p e rc e n ta g e r a t e w i l l n o t ex ceed 20%, how ever. 20% $50,000 $ 1 0 ,0 0 0 $40,000 If building on your own allotted land, the appraised value of the land to be mortgaged can be used for the down payment requirement. Requirements for Home Loans - All applicants should have been satisfactorily employed in a related field over a period of three years or an equivalent time in an institution of higher learning. Income must be verifiable through the employer and the income and job verification form must be completed and in the file. The applicant’s income will be considered from the following basis: A. Amount of income after taxes and per capita income from applicant and spouse only. B. Size of family dependent on that income. C. Other contractual obligations. D. Sources of income. E. Principal and interest and escrow payment should not exceed 25 per cent of net income and all contractual obligations should not exceed 40 per cent of net income. Too Noss Ma said to Pa, do you know what day this is?Pa, well I suppose its the day we pay our bills or something like that. Ma, nope, its our anniversary don’t you remember. Pa: Well, I knew it was one of those bad days like that. Ma: I suppose you don’t even remember when we got married do you? P a : I hate to remember days like that. Ma: You know w e’ve been married for 27 years and we should do something about it. Pa: Don’t you think its a little too late.....“YIKES” SS SS One day these two guys were talking and Rudy said to Herb, you know that I found an old pair of my pants and put them on and I found a big roll of bills. Herb said man that’s great! I think you are real lucky to find something like that. Rudy said “No, I don’t think so, because none of them were paid as of yet... SS SS Teacher to pupil, how and why is it that you are always late for school everyday?Jim, well I start out in plenty of time, but when I am walking down the street I see this sign that said SCHOOL go slow...YIKES, Just like a BOARD FENCE is a fence with nothing to do..... SS SS Pa told me everything he could about the birds and the bees but there is one thing that he forgot to mention. Ed says, what is that Earl, I still wouldn’t know what to do with the girls.....YIKES SS SS There was this guy named Larry who asked the doc. “Hey Doc, what are my chances on getting betterTDoc’s reply, you have a real good chance, because nine out of every ten who have this sickness dies, but you don’t have to worry because you are the tenth one I’ve treated so far. SS SS Big Jim asked Ole Al, have you ever thought of getting a job Yeah! replied Ole Al, just today I noticed in the paper where there is a guy wanted for bank robbery, maybe I should apply for that.... SS SS There was this guy that was dragged into court and the judge told him remember that I told you I didn’t want to see you here again?I know your honor, I tried to tell the officer what you said but he brought me in anyway...YIKES!!! . SS SS BID PRICE ♦A* ♦ * * •• . . . i Jp*^ -'*"***»' ‘ ♦**<« * T < to the Editor In la st w eek ’s paper the Pi-Um e-Sha Com m ittee e x p ressed their thanks to all those who helped m ake the powwow a success. We failed to mention Roxanne and Bob M clnturff who supplied pop and ic e cream for a ll the “kids” ages 1-100 who partici pated in the games and races on Sunday. Thanks also to Rev. Chinn and R ev. E lston who helped with the games and conducted the beautiful religious services. Thanks to the folks who led the Washut services at the Long- house on Sunday. We also ap preciate the There were these two that lived in the mountains and the a ssista n ce we receiv ed from husband said to his sweetie pie, you know you look so much the Bend L.D.S. in our con better after two drinks, she replies, hon, you know that I don’t cession. drink! Yeah! but I do. Well you won’t have to look at me much Our small committee could longer because I’m going to visit my ma. You know sweetie pie I never get Pi-Ume-Sha off the worry about you while you are away. Well you won’t have to ground if it w eren ’t for the worry because I’ll be home in no time. That’s what worries many people who offer their me...YIKES!!!!! help. SS SS Pi-Ume-Sha Committee T rib a l C ouncil A gen d a July 5 - Tribal Council Meeting, 9:00 a.m. 1. Approval of Minutes 2. C om m ittee Appointm ents - FULL QUORUM IS REQUESTED, PLEASE 3. Set Referendum Date July 6 - Tribal Council Meeting, 9:00 a.m. July 11 - Tribal Council Meeting, 9:00 a.m. 1. Realty 2. 2:00 p.m. - Proposed Constitution Amendment (Council Pay) July 12 - Tribal Council Meeting, 9:00 a.m. 1. OEDP update 2. 2:00 p.m . - Joint m eeting w ith new C om m ittee Chairmen July 18 - Tribal Council Meeting, 9:00 a.m. 1. Policy Manual July 19 - Tribal Council Meeting, 9:00 a.m. 1. Conditional Use Areas (Blue Lake, Bald Peter & Shitike Creek) - Gunther Heeren 2. 2:00 p.m . - Indian S erv ices Com m ission - Rudy Clements 3. 7:00 p.m. - Indian Services Commission meeting with community July 20 - Tribal Council Workshop, 9:00 a.m. 1. Investments and economics - terms, explanations, etc. Kerwin Doughton Tribal Council Meeting, 2:00 p.m. 1. 509-J Report - Darrell Wright and Jody Calica July 25 - W.S.F.P.I. -Kah-Nee-Ta Lodge - 9:30 a.m. July 26 - Tribal Council Meeting, 9:00 a.m. 1. Kah-Nee-Ta Monthly Report - Dan Myles, Ed Manion 2. Management Reports . Tribal Council-Management Joint Meeting. 2:00 n.m. July 27 - Tribal Council Meeting, 9:00 a.m. 1. Enrollments 2. Unfinished Business /
