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Domestic News
November 18, 1947
The Wilmington Morning Star
Wilmington, New Hanover County, North Carolina
What is this article about?
A report by the United States Savings and Loan League indicates GI families acquiring homes post-war will own them debt-free by high school age, with most loans 15-19 years via savings associations, per VA guarantees.
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OCR Quality
88%
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Full Text
WAR VETS FOUND
FUTURE BUILDING
CHICAGO, Ill. (UP)—GI families which have acquired homes since the war can look forward to debt-free ownership of the homes by the time the children are in high school.
That is the gist of a report by the United States Savings and Loan League, which says that a survey of savings associations—the main source of GI loans—finds the most frequent loan arrangement to be from 15 to 19 years.
The Veterans Administration permits the 1,189 savings associations to guarantee loans up to 25 years, but only 21 of the surveyed found veterans borrowing for longer than a 20-year period, the report says.
FUTURE BUILDING
CHICAGO, Ill. (UP)—GI families which have acquired homes since the war can look forward to debt-free ownership of the homes by the time the children are in high school.
That is the gist of a report by the United States Savings and Loan League, which says that a survey of savings associations—the main source of GI loans—finds the most frequent loan arrangement to be from 15 to 19 years.
The Veterans Administration permits the 1,189 savings associations to guarantee loans up to 25 years, but only 21 of the surveyed found veterans borrowing for longer than a 20-year period, the report says.
What sub-type of article is it?
Economic
What keywords are associated?
Gi Loans
Veterans Housing
Home Ownership
Savings Associations
Loan Terms
Where did it happen?
Chicago, Ill.
Domestic News Details
Primary Location
Chicago, Ill.
Outcome
gi families can look forward to debt-free home ownership by the time children are in high school; most loans 15-19 years; va guarantees up to 25 years but few exceed 20 years.
Event Details
Report by United States Savings and Loan League based on survey of 1,189 savings associations, main source of GI loans, finds most frequent loan term 15-19 years.