Herald & lantern 8 February '84

‘Equiline’ For Home Owners

business

29

With “Equiline” New Jersey homeowners are able to secure a personal credit line by tapping their built-in equity. For years, many homeonwers have

Collection

WILDWOOD - As the result of new legislation signed in June by Michael Horn, New Jersey's commissioner of banking, lenders throughout the state are now able to offer their homeowning customers an innovative new personal credit line that virtually eliminates

the need to apply for a loan A ft omrrH every time financing may ^ U

beteeded

Marine National Bank, a member of Horizon Bancorp, the fifth largest financial services holding company; in the state, has recently announced this new product termed "Equiline” at its 11 branch offices located in Wildwood, Wildwood Crest, North Wildwood, /North Cape May, Court House, Cape May, Villas, Ocean City, Stone Harbor, Marmora, and Liirwood

The following births have been reported by area hospitals: Burdette Tom Up Sarah Marie to John and Debra Gonten MincareDi of North Cape May, Jan. 22. Tony Robert to Andrew and Nevada Toomas D'Agostino of. Villas, Jan. 28. Alice Carol to Joseph and Ta ma ra Donelson Kuhlman of Wildwood Crest, Jan. 29. Wesley Conrad to WeUer and Pauline Szigeti Culver of Villas, Jan. 29. Shore Memorial Son to Reginald and Teresita Tuazon Perry of Cape May, Jan. 25. Daughter to James and Janice Chura Schmid of Cape May, Jan. 28.

AUTO DEALERS i

BURKE ^

fef asBot 3 MEAT CARS WER 1 BURKE ROOF 0LDSMDB1LE • CHEVROLET

SALES-SEftVICE-PARTS 522 1475

LAUNCHCEKS

Fraaklii Eketric Ligbtiag Caatar Residential Commercial Lighting Consultant Lighting Showroom Complete Lix Electric Supplies I22-77SS Spicer Ave. & N J. Ave.

Federal employes in Cape May County broke their goal of $45,000 and set a record by donating $47,366.50 during the 1984 Combined Federal .Campaign last faU. The final report was released by the campaign chairman, Coast Guard Lt. Stephen T. Delikat of North Cape May at the Keyperson Recognition Luncheon at the Coast Guard Training Center Officers' Club, recently. The Combined Federal Campaign is a yearly drive conducted during the faU months. The objectives of the ^campaign are to lessen the burdens of government and the coqimunity in meeting the needs of human health and welfare and to give federal employes an opportunity to give to the charitable organization of their

choice.

Benefiting from the campaign were the American Agencies, National Services Agencies, United Way Agencies, and the' Burn Foundation. Approximately 50 percent of the donations stay in Cape May County while the ^remainder is spread among charities nationally and worldwide. 20 Named To Million Dollar Club NORTH WILDWOOD - Members of its 1963 Million Dollar Sales Club have been announced by the Greater Wildwood-Cape May County Board of Realtors. Members of the club must have had $1 million in gross sales, listings, leases, or a combination of these. Named to the Million Dollar Club were: Mark Eric Bailey, Bailey & Bailey Realty, Inc.; Barbara Boeshe Adamczyk, Sofroney Realty; Thomas P. Brennan, Leahy Realty, Inc.; Alison K. Buff, James C. Otton, Inc.; Patricia K. DiMarco, Stone Harbor Realty; James S. Dougherty, Avalon Real Estate Agency — Court House office; John Ferguson, Jr., Ferguson-Dechert Real Estate; George J. Gillespie, Leahy Realty, Inc.; Ann Goldsmith, Tolz, Inc., REALTORS; Robert C. Helverson, Leahy Realty, Inc.; James C. Herman, Farrell Really; Miriam Kauterman; Avalon Real Estate — Avalon office; Edward G. Lees, Lees Real Estate Agency; Marge McDonald, Sofroney Realty; Esther McPherson, Cammarano Realty; Elizabeth A. Neuling, Avalon Real Estate Agency — Wildwood Crest office; Charles E. Pusey, ParsonRealty; Rose Rice, Shelter Haven Realty; Christopher Russell, Haynes Company, Retha J Schick, Schick

Realty.

found themselves in a typical predicament — a beautiful home and no spendable cash or working capital. Now these people can put their hard-earned equity to work fqr them. Statewide, this equity is estimated to be approximately $80 billion The 'amoiint of a homeowners “EQUILINE” credit line i£based on a general formula calculating 75% of the appraised value of the home, less the amount of the remaining mortgage due, if any. For example, if a house is appraised at SIOO.OOO, 75% of the value if $75,000. By subtracting a $50,000 mortgage, the prospective “EQUILINE” customer would have a credit line of up to $25,000. That $25,000 would be available whenever the hemeowner needed it. Funds could be drawn for home improvements, investment opportunities, the purchase of a new car, college tuition, financial emergencies and any other needs that may arise.

« ♦ > Silen's Shoes

5000 Pacific Ave. * Wildwood ►« * v ► I Open Year-Round v

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Your interest will be compounded quarterly.

and the rate you choose is guaranteed tor the

Because you're investing through

High interest Savings Certificates are one of the ways the rich get richer Now. with lower

minimum balance requirements, the not-so-nch entire term

can take advantage of them, too' - Cape May County Savings and Loan your Cape May County Savings and Loan offers you savings are insured up lo $100,000 by the F S L* IC ^a choice of six attractive, high-interest Savings Now that you know how the rich net richer, get / Certificates Just choose the one with the term. . in on a good thing Can any Cape May County \interes» rate and minimum balance that s best for Savings and Loan office for more details

The sooner you do it. the sooner we can help you make your money make more money'

CHOICE SAVINGS CERTIFICATES

Certificate

Annual

Current'

Minimum

Term

Yield

Interest Rate

Balance

91 days

9.3m

9.0m

$2500

6 months

9.6m

9.3m

2500

12 months

io.3m

io.om

2500

18 months

10.7m

10.3m

500

2V? years

n.im

10.7m

500

5 years

item

n.im

500

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