Newspapers / The Charlotte Post (Charlotte, … / July 4, 1985, edition 1 / Page 11
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4 ' f Monthly Mortgage Payment Assistance Available For Some Home Buyers ttajeftgn • North Carolina fami~ li« with annual incomes of $18,500 or less may qualify for reduced interest rate mortgage loans and mtathly mortgage payment as sitance through the North Carolina Housing Finance Agency’s Home ownership Assistance Program. A limited amount of fixed-rate financing at 9.6 percent and 10.7 percent is available to first-time home buyers, announced Gary Paul Kane, executive director of the agency. In addition, the agency At Heritage USA July Fourth Celebration ' Includes Electric Light Parade « W“J oe a tugm ruled with lights as the July 4th Celebration contin ues at Heritage USA with a 100,000 electric light parade and the largest fireworks display in the Southeast. An electric light parade with 28 floats displaying over 100,000 lights will begin at 10:90 p.m. and pro ceed along Angel Blvd. to in front of the Heritage Grand Hotel. Lisa International Lions Elect Wroblewski r Joseph L. Wroblewski, of Forty Fort, Pa., was elected president of The International Association of lion? Clubs at the association’s 68th annual convention in Dallas, Tx., June 10-22. -A North Carolinian, Bill Woolard, nan for one of the vice presiden cies, according to West Charlotte Lion’s president, L.C. Coleman. Wroblewski, as president of the world’s largest service club organi sation, will travel throughout the world as the association’s ambas sador. He will observe service sc- ~ tivities sponsored by local clubs and meet with heads of state and com munity leaders to promote Lionism and die theme of his presidential program: “We serve better - to gether.’’ The program focuses on Lion activities in the areas of drug awareness and diabetes education and research. Explained Coleman, Lions Inter national supports local clubs. “We are a service club,” he said. “They help us with projects, give us materials.” The West Charlotte club did not participate in this year’s convention because it takes two years to becomtf h full member. West- Charlotte began in 1984; the ' club plana to attend next year’s •deonveatioa. Whelchel, actress from the “Facts bf Life” television series, and Todd Bridges from the “Dlff’rent Strokes” series, will be Grand Mar shalls. Other special guests in the parade will include Dale Evans, actress Jo Ann Phlug, forma" Har lem Globetrotter' Meadowlark Lemon and his Shooting All Stars, Lulu Roman from “Hee-Haw,” singer-songwriter Tim Sheppard, actor Doug Shanklin, and legen dary gospel singers, The Good mans. Concluding the parade will be a fantastic fireworks display! “It’s the largest 1 know of in the South east,” stated Gary Partlow, Presi dent of Southern International Fire works. The fireworks will begin at 11:20 p.m. at Lake Heritage and last approximately 20' minutes. Over 1,100 individual “bombs” will brighted the sky, “showing every color of the rainbow,” described PartloW. Southern International Fireworks will supply all of the materials for the show as Well as execute production of the display. _Shells ranging in size from four to 12 inches in diameter, special ef fects, multi-colored shells, and, multi-break shells will be included in the show. A spectacular ground dis play will also precede the Grand “Patriotic” Finale. In layman’s terms: Look for a vast array of colors and special sights filling the sky the size of a football field 2,000 feet up in the air. Hie public is invited to be part of this July 4th Celebration at Heri tage USA. We are celebrating the Grand-Grand Opening of the PTL Partner Center and, of course, our nation’s freedom! To get to Heritage USA, take 1-77 to Exit 74, then Business Highway 21 to the entrance of Heritage USA >)^«pproxii|mtelia^9JaUea L —« contributes up to $100 per month to make each home buyer’s mortgage payment affordable. This monthly contribution is a loan that must be repaid if the house is sold. The program-started last October to give initial priority to lower income families in the far eastern and far western areas of the state is now open to prospective home owners in all 100 counties. Mortgage loan funds for the pro gram are limited: approximately $1 million is available at the 9.6 per cent rate; more than $2 million is available at 10.7 percent. The mort gage interest rate is fixed for 30 years. All local offices of Northwestern Mortgage Corp., Cameron-Brown Co. and Wachovia Mortgage Co. (except the Durham office), as well as the Greenville office of Bar clay American Mortgage Corp., are accepting applications immediately. Selection will be on a first-come, first-served basis To qualify, a prospective home owner must be a first-time buyer or cannot have owned a home during , the past three years. Am>licants I need a sales contract on a new or . existing single family house, con dominium or townhouse, and also need a five percent down payment. . The purchase price cannot exceed the amount a family can afford based on annual gross income. Applicants also must furnish copies of their federal income tax returns for the past three years. For a family of two to four mem bers, annual gross income may not top $18,500; an extra $800 is al lowed for each additional depen dent. Single persons with no de pendents may qualify if they earn $13,875 or less. The Homeownership Assistance Program was designed by the agen cy at the authorization of the state legislature, which provided an appropriation to help begin the program last year. The appropri ation funds, combined with funds from the agency, are invested and the return on these funds is used to provide the mortgage payment as sistance. The original investment remains intact. The North Carolina Housing Fi nance Agency was created by the state legislature in 1973. Its purpose is to provide below-market interest rate loans so that low- and moderate-income North Carolinians ^c^naffoniJteuaiag, , _ To Place Classified Ads Call 376-0496 ALL WINDOWS 30-35% OFF and At No Extra Charge.Guaranteed To Reduce Your Cooling Bills By 30%0r More. Blocks 24% Of The Sun’s Heat • Heat that doesn't enter through the window doesn't have to be removed. — • Looks like clear glass. . provides a true color view. ■ Lets the daylight In. • Provides passive solar heat gain In the winter. • Blocks fade causing ultra-violet rays to protect fabrics. 1986 Windows By The Window Man Are Much More Than Just Storm Windows. It eliminates the need for storm windows It is a triple insulated custom made-to-measure thermal frame window that keeps your home cooler in the summer and warmer in the winter r It never needs painting or puttying and it tilts inside the house for easy cleaning -. Plus installation, in most cases, takes only one day with no mess or inconvenience Look At These Benefits! •FREE ESTIMATES •100% FINANCING • NO MONEY DOWN. • Transferable Lifetime Warranty • 100% financing available or a plan to fit your budget. • Guaranteed energy savings of at least 30% or the factory pays you the difference. • *300 tax credit. CALL NOW! (704) 827-7494 C CopyfiQW 1964 I For further information and a FREE brochure, write | THI WINDOW MAN ■ DON MULLIf I Post Ottice Box 529 Pa* Oeen North Carolina 28'30 1 I •; ^ Nam©____._ I I | Address___ | City Slate Zip_Phone_I • '• . :'5 ‘ - . • V ...
The Charlotte Post (Charlotte, N.C.)
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July 4, 1985, edition 1
11
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