Hood Council Note: Mortgages

A Mortgage system has been approved. After investigating the options and noting current technology Apple Valley will use the following system for mortgages.


Residents will use the Monique Payer/Payee Bills/Book for mortgages. Mortgages will have a daily payment and must be paid within 21 simdays. Families must have a minimum of 10% downpayment for thier home.


The total amount of the mortgage will be calculated as: ( Amount of house - downpayment ) * (1 + interest rate). The daily payment is calculated as: mortgage amount/# simdays. The mortgage amount, interest rate and number of days remaining for the mortgage will be noted in each household's "bio" screen and maintained by the Financial Director.


Families are encouraged to meet with the Financial Director at the bank in order to discuss affordability based on daily salary and current debts. Interest rates are based on your financial history and ability to pay.

School Daze

With the new public school opening soon, all the teens in the hood can't stop talking about it-including Tobi. He and Etta Leigh both attend private school, but it seems like he wants to go to the public school. Etta Leigh turned up her nose at the "mere mortals". I wonder if I should allow Tobi to attend?

Hood Council Note: Bank

Finally, the bank is complete...well, at least the construction is. There's the main lobby, ATM, and a small cubicle/office to meetings regarding financial discussions (college funding, mortgages, etc). In the lobby residents can also pick up bill payment invoices and books to keep track of regular payments, such as taxes, tithes, etc. Checkbooks and investment silver and gold will also be sold.

The bank offers these services:

Savings/Checking Accounts

Checkbooks (available for small fee, can send a check to sims in the neighborhood)

Mortgages***

Loans***

Credit Cards***

ATMs and Online Banking

Automatic Payments

***more information later***

We will open the doors soon, but we need to find a banker to manage it. I suppose I could do it, but...I'm not sure if I'm ready to leave my job yet.

I'm too sexy

Hihi, I was named Mr. Teen Scream at the Apple Dumpling Ball. Hihi, that's cool. I'm trying to find a job as a school crossing guard. I love the law and fighting to make sure that it's obeyed. I wonder if I will ever be able to become the jailor for the hood. The stipend is free housing (no mortgage or rent payments) and I'd work at the force downtown and keeping the streets of Apple Valley safe...hmmm, one day.