47 - Wednesday, July 30, 1986 - North Shore News

ASSET-RICH ELDERLY HOMEOWNERS
Wew financial option may help ‘income pocr’

NORTH SHORE resident
Signature Properties Ltd.,

William

ing pot with a revolutionary finaneing option for asset-rich,

income-poor retired people.

The Home Income Equity Plan,
which could well change the way
many retired people live out their
golden years, offers elderly home-
owners with clear title ownership
the opportunity to draw an income
on their home equity and maintain
occupancy for the balance of their
lives.

The homeowner retains cide in
the form of an agreement for sale,
The cash generated can then be us-
ed to create an annuity fund and
an insurance pokey — creating
cash flow, and also teaving some-
thing behind.

A chartered

accounting and

former senior financial player in
the development field,

Turner says

Turner, president of
is stirring up the personal ffnanc-

he's got the fire Nit under anoin
vestinent group interested in the
long term investment potential of
the plan, and hopes to meet the
needs of the estimated 80 per cent
of older people wishing: te remain
in their traditional family home,
with security. through the balance
of their lives.

from othe joint
Soil) Business

uimbia, North

oe

OUR FLEDGLING salmon skin
tanning industry recently received
a monetary shot in’ the arm with

the awarding of a $20,078 foan
federal-provincial
Incentives
sidiury Agreements program.

Finn Products Ltd., 1516 Col-
Vancouver, will use

Sub-

the funding to) help the company
establish a market for salmion skin.

The company employs five peo-
ple who turn salmon skin’ into
handbags and wallets for people
who like to wear their seafood.

FANTASTIC

business
briefcase

summer
Sell-Out

00-/0% off

EVERY ITEM MUST BE SOLD
Sale starts July 30

THE ACCESSORY SHOPPES )

Now’s your chance to make a splash

by Michael with big, big savings

Becker
RE

Here’s how it works. Investors
buy the right to the home. The ini-
tial sum paid out at an actuarial-
based discount rate of the home's
market value, generates a lifetime
inflation proof cash flow for the
occupanis.

50% OFF ALL OUR REGULAR
PRICED MERCHANDISE

= AUGUST CLEARANCE SALE (x7
VISA q
OUR MAJOR CLEARANCE
SALE STARTS AUGUST IST, 1986.
BEAT THE RUSH AND GET
THE BEST SELECTION
FEATURING VANCOUVER'S LARGEST SELECTION OF
BELTS INCLUDING A WIDE SELECTION OF BAGS,
SHOES, JEWELLERY, SCARVES, AND MANY OTHER

FASHION ACCESSORIES IN DISTINCTIVE DESIGNS,
WITH AN ACCENT ON COLOUR.

All soles final — No layaways

‘Impression 4

5 : f South Granvill

‘Hair Salon | 2 Gane
ae 2 (at 10th Ave.)

732-9111
OPEN SUNDAY
12:00-5:00

Park Royal
South Mall
926-4511

OPEN SUNDAY &
12:005:00

1549-W, BROADWAY: abi GHANVILLE) VANCOUVER: 731 “3416...

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Thurs. 9-B pm
Fri. 9-7 pm
Sat. 9-5 pm

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Thurs, & Fri. 9:30 - 8 pm
Sat. 9~6pm