nability
to meet possible contingencies.

It goes without saying that the capital investment should be kept as low
as possible. Wherever feasible, the cash available should take care of the
full investment without the necessity for additional financing. This
reduces the drain upon resources through obviating the necessity of
meeting interest payments on mortgages and makes possible the use of any
surplus funds for improvement, for education and for giving the family the
advantages which country life offers. If it is necessary to borrow funds
for financing the purchase, special attention should be given to the type
of mortgage which is obtained.

_Mortgage Financing._--One of the most desirable types of financing is
through a financially sound building and loan association whereby the
interest and the amortization of the mortgage are taken care of through
monthly payments. Such building and loan mortgages are available in most
localities throughout the country. A series of monthly payments can be
made which will take care of the interest payments and the mortgage itself
so that within a period of from ten to twelve years, in most cases, the
mortgage is amortized and the owner has the advantages of a home that is
free of encumbrance. For example, if the mortgage amounts to $3,000,
subscription to fifteen shares of a building and loan association at $1 a
share per month would make it possible to clear off the mortgage in about
eleven years. This would call for the payment to the association of $15
per month and interest. Through the compounding of interest, the mortgage
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 payments 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 e