Browning chief. [volume] (Browning, Mont.) 1941-1953, 1948-01-02
GIL Home Loans Popular

Gil. Home Loans Popular
Veterans who have been able to
purchase homes under the GIL. bill
are nearing the million mark, with
971 1000 registered, as of November
l, since the first GIL. loan was made
late in 1914.
| Veterans administration says
that analysis of these G.I. loans
shows that about As per cent were
made on new homes at an average
selling price of $4,000 each and the
remainder on used homes at an
average price of S6,675.
Total value of the veterans
homes purchased under the CT. law
up to now is approximately $780,
100000.
Currently the average number of
veterans obtaining homes is running
about $4,000 a month, which means
that about $4,000 new homes per
month are being sold to veterans
under the CT. program. Of inter-
est to VA and all veterans is the
increased interest being taken by
commercial banks, since during
the past four months such institu-
tons have made about Al per cent
of the loans. Prior to that time the
major portion of GIL. loans were
made by savings and loan associ-
atoms and similar concerns, includ-
ing mortgage title and real estate
companies.
Questions and ANSWERS
@. Is it true that a veteran, out
of service on physical disability and
receiving waiver of premiums on
his national service life insurance
policy, is required to repay all the
waived premiums when and If he
accepts regular employment? Also,
if the veteran is required to repay
the premiums, is it further true that
interest at per cent is charged?
I was informed that my request for
a waiver Of premiums had been
granted for period of rs months,
but nothing was said about a refund
of money in event l ever became
employed again. However, l was
told by a friend that an employee
of Veterans administration had told
him the money must be refunded
if employment was accepted. -
S. r. A., Norfolk, Va.
A. No. Veterans administration
says that repayment of premiums
is not required if disabled veteran
has been granted his waiver, nor
is interest charged. If your disabil-
ity is terminated at the end of your
waiver period, you start paying pre-
miums but you do not have to make
refunds of waived premiums.
@. Can you give me some infor-
nation about the new type of arti-
fetal arms for amputee veterans
and where application can be made
to obtain them?-R. L. j., Chicago,
Ill.
A. The new arms are the prod
uct of an artificial limb research
program financed by the federal
government and incorporate num-
Der of improvements which enable
amputees to operate them with a
greater facility and for wider
range of uses than was possible with
the former artificial arms. They are
known as the Northrup above-elbow
and below-elbow arms, the Fitch
dual control arm and the Hosmer
arm. AmputeeS may choose any one
of the three types available and will
be limited to a permanent and
spare arm with hands or hooks for
each. Veterans may obtain addition
al information in a new VA book
let News About Artificial Arm De-
velopments' available at any VA
office.
@. l am the widow of a World War
II veteran. l am young woman
and have an opportunity to remar-
ry. If l do so will the pension am
receiving for the death Of my hus-
band be continued OF will they take
it away from me?-Mrs. W. X. T.,
Ashtabula, Ohio.
A. Your right to receive a pen
sion is terminated if you remarry
and, once discontinued, the pension
may not be recommended under the
law.
q. have lost my discharge pa
pers and would like to get dupli-
cate. Please let me know where l
shall write for another, and what
information l shall give. II D.,
Orr, Mimi.
A. Write to the Office of Demo-
Utilization Records, Office of the Ad-
jutant General, 1900 Goodfellow
Blvd, St. Louis 20, Mo. Give full
name, serial number, place of en-
listment and separation center from
which you were discharged.
@. am receiving a monthly pen
sion from the government for the
death Of my husband. Can you tell
me whether or not I have to pay
income tax on this money and if 1
am liable for debts my husband left
out Of this money? - Mrs. J. B.,
Tulsa, Okla.
A. Proceeds of an insurance pol
icy, except where invested in prop
erty, are exempt from taxation and
are not subject to claims of private
creditors of the insured or of the
beneficiary. The insurance money
also is not liable to attachment,