The Boerne Star (Boerne, Tex.), Vol. 93, No. 65, Ed. 1 Friday, August 15, 1997 Page: 3 of 18
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Friday, August 15, 1997
The Boerne Star
Page 3A
Ay 193 1113
WA CA
Community
Calendar
Let us publicize your event. Send your Community Calendar events to P.O. Box 820,
Boerne, TX 78006, fax them to 210-249-4607 or E-mail them to boernestar@aol.com.
Band boosters to benefit
from subscription drive
On-going
• Texas Department of Public
Health Immunization Clinic,
Wednesdays by appointment only.
905 N. Main, Boerne, 249-3511.
Immunization Clinic in Comfort,
third Thursday each month, Hispanic
Baptist Church, 337 Broadway, 9:30
to 12 noon, 1:15 to 3 p.m. Bring
social security, medicaid, or
medicare numbers.
• A 175-foot long Walk of Life is
being built as part of the new court-
house on San Antonio St. in Boerne.
However, the walkway is not being
paid for in the same manner as the
rest of the courthouse.
The brick walkway will be paid for
by persons making $25 donations to
the Kendall County Emergency
Medical Services (EMS) for the pur-
pose of purchasing state of the art
12-lead EKG monitors. This piece of
medical equipment will allow EMS
personnel to detect and treat life
threatening heart attacks.
Each $25 donation will earn the
donor an engraved brick to be placed
in the sidewalk. The personalized
pavers can be bought and engraved
to honor a family member, a loved
Girl Scout sign-up set
The annual signup rally for Kendall County Girl Scouts will be
Tuesday, August 19 at Fabra Elementary School at 7 p.m. This
session will also be a signup for adult leaders. Troop leaders,
assistant troop leaders, and troop helpers are needed. Training is
available for all volunteers. For additional information contact
Sherry Taylor at 698-0663 or Suann Agold at 249-8363.
one or a special event. Each brick
will come with a certificate commem-
orating the special occasion.
Brian Webb, president of the
Boerne EMS Association, said the
bricks are going fast. “We started
selling the bricks at Berges Fest and
we sold more than expected.” He
expects the walkway will be “sold
out” in August, and encouraged per-
sons who want to buy a brick to help
EMS to get their orders in right away.
Samples and order forms are at the
EMS building in Boerne. Orders can
be called in at 249-3721.
season. If you want to help, please
give the band boosters a hand.
• The Boerne Junior Football
League signup is at Hilltop Sports on
Main Street in Boerne from 10 a.m. to
2 p.m., Saturday, August 16. For more
information call 537-5253 or 249-
8248.
Aug. 16
• Saturday, August 16 at 9 a.m. the
Boerne Band Boosters will clean the
visitors side concession stand in
Aug. 19
A reception for families new to the
school district will be hosted by the
Boerne Middle School PTO at 7
p.m., Tuesday, August 19. The recep-
tion will be in the school library. BISD
superintendent Dr. Joe Doenges and
BMS principal Sandra Radtke will
speak. Refreshments will be served.
Parents of all seventh and eighth
preparation for the upcoming football . graders who have recently moved to
Boerne are urged to attend to learn
about plans for the upcoming years,
as well as BMS rules and traditions
that may be unfamiliar.
Aug. 23
• The “10th Annual World
Famous Ag Center Barbecue” will
take place at the Agricultural Heritage
Center on Saturday, August 23 at 6
p.m. The Ag Center is located at the
City Park next to the City Swimming
Pool.
Entertainment will be furnished by
the Boerne Village Band. The Ag
Centers boasts the “world’s best bar-
becue.” Renowned chef Gray Majirus
and his well seasoned staff will pre-
pare the feast. The cost of the meal
and entertainment is by donation.
Funds will be used to construct a pio-
neer house on the Ag Center. Door
prizes and will be given and an auction
will be held.
Aug. 30
• Hermann Sons dance class reg-
istration will be from 10 a.m. to 12
noon at the gazebo on Main St. in
Boerne Saturday, August 30. A fee of
$25 will be charged and is payable at
registration. For more information, call
816-2434.
Mortgage options still available with credit problems
Your Money
By Jim
Pendley
Not long ago, things like
IY credit problems or high
A X debt ratios meant that
securing a mortgage loan was
essentially “out of the question.”
Not today.
That, like so many other changes
of the 90’s is no longer the case.
Today, borrowers who would
have been denied mortgage credit a
few years ago, have solid options
available to them. And borrowers
are taking advantage of these
opportunities. According to Inside
Mortgage Finance, some 1.5 mil-
lion borrowers last year failed to
meet top grade credit standards.
These borrowers were still success-
ful in securing mortgage loans.
Lenders refer to these loans as
the “Subprime” market and assign
mortgages in this market grades
such as A, B, C and D. These
grades indicate past or current
problems ranging from minor late
payments to recent bankruptcies or
foreclosures. Last year, some $97
billion worth of subprime loans
were made, representing a 40 per-
cent increase over 1995.
Lenders are entering the sub-
prime market in record numbers, percent loans are not uncommon in
Why? Because these loans offer
(ARM). Adjustable rates seem to would have had little hope of
be the popular choice. securing a mortgage, the chance to
There are two primary reasons buy, build or refinance a home.
for this: (1) fixed rates are priced Borrowers who feel they may be
significantly higher than adjustable in a subprime category should not
rates and (2) borrowers tend to proceed automatically into this
believe they will be able to cure type of borrowing.
their problems in the near term Some cases will be obvious,
future, thus allowing them to refi- Others, however, may fall into that
nance up into the prime market (A “gray area” that justifies further
level) in a few years. investigation. Determine if the
There are other considerations prospective lender offers this type
that the borrower needs to take into of financing on a competitive basis,
account. Subprime loans typically If so, seek their counseling on
require larger downpayments than determining your qualifications
their A level counterparts and like grade.
interest rates will vary with the If you are borderline between the
grade of the loan. 85 percent to 90 subprime and prime' borrowing
market, find out that lenders will-
higher profit margins than tradi-
tional A rated mortgages.
Currently, borrowers can expect to
pay interest rates on subprime expensive when compared to the
loans ranging from 8 percent to as
high as 16 percent. The rate will
depend upon the grade classifica-
tion and whether the loan is a fixed
or adjustable rate mortgage
the higher graded loans, decreasing ingness to work with you to
to 65 percent for the lowest graded achieve an A level mortgage loan,
mortgages. If your lender is unwilling or reluc-
The subprime market can be tant to do this, or appears a little to
anxious to usher you into a sub-
prime market. However, it serves a prime loan category, perhaps it is
valuable purpose in the right cir- time to seek a second opinion,
cumstances and definitely has a Jim Pendley is president of JPC
place in mortgage borrowing. It Financial Resources, 120/ S. Main
allows families, who in the past St. in Boerne.
Raffle winner
Earl Eyhorn awards David Sweeten of
Kerrville with a check for $5,000.
David was the Grand Prize winner of
the Knights of Columbus Council
#10940 of St. Peter the Apostle
Catholic Church Annual Reverse
Raffle held at the Boerne Area
Community Center every May. Profits
from the raffle go to various charities
and functions of the local Knights of
Columbus Council.
Creek clean up
set for Saturday
Le
A telephone subscription drive
underway for The Boerne Star will
also benefit the Boerne High
School Band Booster Club.
“We typically do fund-raisers in
conjunction with our subscription
drives to help out groups in the
community, and since the BISD
enrollment is growing so fast, we
wanted to pitch in for an extracur-
ricular school group this time
around,” said Leon Aldridge, the
Star’s publisher.
A dollar from each subscription
will go to the club. Previously, the
Star made a donation to the
Rainbow Senior Center building
fund from a subscription drive.
Area residents who have any
questions about subscriptions or the
fund-raiser are urged to call the
Star’s office at 249-2441.
Hernandez makes dean's list
Eleanor Hernandez, of Boerne, has been named to the Dean’s List at
Texas A&M University-Corpus Christi for the 1997 Spring Semester.
All undergraduate degree-seeking students registered for a mini-
mum of 12 semester hours at the University who complete all work
registered for and who have a 3.65 grade point average or above for a
regular semester are placed on the Dean’s List.
liver Oaks Pools
• Winner of
77 N.S.P.I.
design awards
• 16 Summit Awards
• Aqua 100 National
Award of Excellence
* Pool & Spa News Top
50 Pool Companies
Nationally
Gold Medal
6 Winner
siana o/ Distinction" Gy Rier Oaks Paald
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YOUTH TOUR 1998
Volunteers are being requested
by Berges Fest, the Boerne
Volunteer Fire Department, the
City of Boerne, and other organi-
zations to help on Aug. 16 with
the cleanup of the Cibolo Creek
waterway through Boerne.
Persons with chainsaws, trucks,
equipment, and stamina are being
sought to meet at 7 a.m. at the
Main Plaza for a day of removing
debris from the Cibolo Creek
where it winds through the city of
Boerne.
For more information, call 249-
8173.
DISH NETWORK
199
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FREE INSTALLATION
CALL 336-2660
AMERICAS TOP 40
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$159.00 D.W. Colored Soft Lenses
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BAD CREDIT?
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We Loan $50 to $450!
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IH-10 West • Boerne, Texas
755-8585
Let the power of your pen put your ideas to work in PEC’s Rural
Electric Youth Tour essay contest, and you could win an all-
expense-paid trip to Washington, D.C., next summer! If you are age
14-18 and your parents or legal guardians are PEC members, pick
up - n entry form at any PEC office. Or, call your local office, and we’ll
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details, call (830) 868-4736.
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Bringing Energy to the Texas Hill Country
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Aldridge, Leon. The Boerne Star (Boerne, Tex.), Vol. 93, No. 65, Ed. 1 Friday, August 15, 1997, newspaper, August 15, 1997; Boerne, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1626280/m1/3/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Patrick Heath Public Library.