The Brooklyn Daily Eagle from Brooklyn, New York • Page 30

IVorth Massapequa, TJ. 30 BROOKLYN EAGLE, SUN, JAN. 25, 1953 ithe Federal Housing Administration is 20 years on which he 'navs 4'T4 Dercent interest, or Builder Favors 30-Year Loans And Higher Rale another group pf $16,500 hornet In Presrwit Souar. Rahvlnn. L.

said the slight Increase in monthly amortization of $0.47 Under Stein's plan, a war vet interest rates he advocate As a means of making home ownership available to the greatest number of families pos cent. Monthly amortization Is $5.28 per $1,000 of the mortgage, or on a $10,000 eran buying a home with a $10,000 mortgage would pay would bring more mortgage money into the market. per $1,000. Mr. Stein's suggestion that the term be lengthened to 30 years at 5 percent would lower the monthly payments to $5.37 per $1,000, or sitSs'W Federal agencies should re $3.00 less per month than at loan.

Mr. Stein advocates a 30- sible and consequently keeping year percent mortgage un present, and a non -veteran would pay $11 less per month. me nation economy in a healthv condition. 3C)-vear mort alize that lenders today an a finding other Investments more attractive than mortgages be gages with one-quarter of 1 per der which monthly payments would be $4.92 per $1,000, or $40.20 on a $10,000 loan. cause of the low yield jroin on a $10,000 loan, against $61.70 as at present.

The builder, who Is currently erecting a group of $10,000 homes in Leslie Lane Park, According to present rules of the Veterans Administration, a veteran receives a 25-year VA- cent higher interest rate are advorated hy David Stein, Long A non -veteran's maximum federally Insured or guaramet rr real estate loans," he said. Island builder. suaiantecd mortgage at 4 per-! 'term for a mortgage insured by 5 Lit rv M(fl) UNSURPASSED LOCATIONS ZtU QUALITY BUYS! MODEL HOUSE IN FARMINGDALlj One of the model houses on view in the Oak Ridge Homes colony in Formingdale, L. I. This is the furnished Cape Cod type exhibit house, priced at $11,990.

Featured in addition to brick and cedar construction are finished basement, expansion attic and attached garage. Plots are 6,000 square feet and larger. rooms, in the most modern design; a garage, and well- equipped kitchen. The street jare paved and sewers hav been installed. The first group of the houses was sold from the architect's LONG ISLAND'S PREMIERE COMMUNITY BUILDER plans and others were purchased by persons recommend.

ed by the first buyers. During a Brick Bungalows In Ozone Park, L.l.r Selling Rapidly An attractive new home development known as Finer Homes consisting of brick bun-galow, has been built by Fab Homes. at 05th St. and liltli in an attractive sec-, tion of Ozone Park in Queens. i The houses are on landscaped plots and contain concrete foun-j daiions, and are well consturct-ed They have five good-sized! short period 12 of the houses were purchased during their WfrM MX construction.

The prices range JACKSON HEIGHTS ROOSEVELT TERRAC 37th Ave. Ic SSih St. YOURS FOR A LIFETIME FOUR MAGNIFICENT 9-STORY FIREPROOF BUILDINGS ULTRA MODERN NON-PROFIT CO-OP APARTMENTS Don't Delay Act Now EVERY APARTMENT WITH PRIVATE TERRACE SKYLINE CORRIDORS FOR MAXIMUM LIGHT AND VENTILATION ALL MODERN APPOINTMENTS PLAYGROUND AREAS GARAGE ON PREMISES Monthly Carrying Charges 2 Rms. from 59.00- 3 Rms. from 67.57 rk from with easy payment terms and satisfactory financing v1 arranged by the exclusive sales director, Stoesser Agency of 80' ill Atlantic Woodhaven, Queens.

S. SAVINGS STAMPS BUY I. AX I) BON DS MttmmmtumiMtX. 3-Bedroom Home shown vttli Oftrace $13,850 EXPANSION ATTIC HOT WATER HEAT Casement Windows Steel Girders Weatherstripping Landscoped front and side of house, and trees Paved Streets and Sidewalks Schools and Transportation nearby. Rms.

from 75.79 Rms. from 87.70 Rms. from 95.09 Rms. from $105.36 Rms. from $1 19.14 1 VI 4 4'i 5 6 Compare These Generous BRUSH HOLLOW Features: Ctdar Shinilt Front Ponrtd Concrete Foundalion Relld Oak Floors Hollywvod Bak'd Enamel Kitchen abineli 4-Burnrr Ranee Inlaid Llnoleun Kitchen Exnawit Fan Ceramic Cnlored Tile in Rath Formica Mirrorrd Vanity Spaniou Cloete Oil Hot Water Hat Rerrvaed Radiation Complete Insulation Weathrrttrippint Orerbpad tiarac Door Choice nf Droiation Fully Landscaped Plots--fftiKlOU Minimum.

6 ROOMS, 3 BEDROOMS, FULL BASEMENT, HOT WATER HEAT, CEDAR SHINGLE FRONT. Heat risen in arric far 2 future bedrooms ond bath plui hot and cold water riiers end rough plumbing for future bath in all houtci. 5 ROOMS FULL BASEMENT I Poured Concreta Foundation Ther- mostatic Controlled Gas Range Formica Sink Top Colored Tile 1 Bath Hardwood Oak Floors Ve- netian Blinds Heat Risers Steel 5 DOWN FOR VETS Easy Terms far Civilians 25-Year Mortgage for G.I. INCLUDES GAS ELECTRICITY Sorry, All 3 4 -Room Apartments SOLD PREFERENCE TO VETERANS 1,990 only $12,900 CFoie to shopping and transportation as wall as houses of worship. School only Fred C.

Trump buses ta and from school. duhs ra ana rrom scnooi. MODERATE CASH INVESTMENT LIBERAL INCOME TAX SAVING $650 DOWN FOR VETS $650 DOWN FOR VETS Bav tV) Brush Hollow Gardens F22XJZ Sheridan Blfd. and Wescott Inwood, Limited to Residents of New York State Only DIRECTION'S: IRT PHlMllne Lint to L. I.

JlfiT A FEW MILES BEYOND THE NEW 10EK CITY LINE DlKKf Tinvs: RU Parkway to Rorkaway Boolfvard Exit, turn riaht and drift alone- Rorkr. way Boulevard lor 4 miles to Bnrniida Avenue, then rfrbt about 1 mile to Modi I Hoint near hnnl and inwood Country Club or ftnnriie Hlchway or Merrick Roid to Broadwi iLubrrokt turn richl. continue to West Broadway in marked Inwood), turn (rie Avenue twhicb becomes Sheridan Blvd. to property. 82nr 3'ition.

BMT. Chir.te at Queer Pu (or IRT to B'JInci 8'-. Station. IND, or "P'p tram to Roosevelt avp. Station.

Fret transfer to IRT to St. Station. CAROL ENTERPRISES, INC. Sales Agnt OFFICE OPEN EVERY DAY in the beautiful estate section of WESTBURY, L. I.

DIRECTIONS Northern Utale Tarkway to F.iit No. H4 I'nion Avenue, Weatbnry. turn rich! bplw underpays 20 feet tEastl to Model Home or Wantac State Parkway to Exit No. UI (Union Avenur) rirht ViOU fret East), below underpass to Mortal Home. Tel.WEslbury7-2820-2558-4887M V.A.&F.H.A.INSPECTED& APPROVED CEdarhurtt 9-9890 Powerful erni UrfeJ moving loni of eartn Forest P'k rpj mmm-iff fr If I yesterday.

At last the dreernt of modest-income families are i i niin.iifj ,.1 I li I on the road to realiution. There it still time for you to be- ir II I eom' Prt of this new cooperative community. yONI PARI TO HANHATTAH 'NatS $2 50 for NsX Iitimateo' Totsl Monthly Csrnricf Cllk Invcitmtnt Cksr(es frem: Sti'ts At: Sorry, All Gone ft it JCmML' I --a--. win is aenoon, inept, in I 4fPjf rsa trsAk rr ISS I IS It (Skt A. -IT Sorry, All Gone 79.30 Only A ft" Left I Reewt 'i Reoni 4 Rosrni 4' Reomi I Room.

J89.90 1,550 i. OHim en Propstty 0n Daily 1 Suiaday (rem 10 A.M. to P.M. MOUO -VA jm ON Woodhaven Boulevard kttwtan Pirk Una South nd Intarbara Parkway WOODHAVEN, QUEENS, N.Y.C. FH EE AS A ELECTIIIC'ITY 1 repretenti in additionil iivingt af tVom .50 Hfl.00 PER MO.XTM ft int-'rit la sdd don to your p'oiz iia! and mi! ttf ti-i aurpettv DIRECTIONSi Br Auto IntorWo kwi to Woodfcivtn nit I kloeks to rrtf offkl, adtolninf ForMt Park.

Or Qucvni Blvd. to Woodhavtn louti to property. DIRECTIONS! Br Subwiy Jomolco Avt. (BMT) Woodhovrn Btvi. eUtioa.

Wilk SMrtk la proporty. Phone: Virginia 9-3594.