A LIVING FROM THE LAND 



gage can be lifted at less expense than any other 

 procedure. 



Another satisfactory plan is to place the 

 mortgage with a bank or financing company 

 or insurance company that will not call the 

 mortgage so long as the payments are met, and 

 at the same time start saving through a building 

 and loan association so as to complete the pay- 

 ments over a series of years. 



There is a far greater sense of security in 

 having no mortgage or in setting up a definite 

 and practical procedure for eliminating it than 

 in always having a mortgage encumbrance with 

 its interest payments and the possibility of 

 having it called at an inopportune moment. 

 A home that is free from mortgage can be carried 

 at small cost, especially where the owner is 

 willing to make most of the repairs and attend 

 to the upkeep himself. The demand for outlay 

 of cash for mortgage interest may be financially 

 embarrassing, especially where income is not 

 guaranteed or may be jeopardized through 

 a drastic reduction at critical periods or as the 

 result of emergency expenses in the family, 

 such as are entailed by serious illness. 



Taxes. One of the factors that is frequently 

 overlooked in the purchase of a residence in 

 the country is the cost of meeting taxes. Since 

 taxes must be met if the property is to be held, 



28 



