Family Album USA - Episode 11 - A Place of Our Own
This is the 11th episode of Family Album USA called:
A Place of Our Own
Full Episode List of Family Album USA
This is the 11th episode of Family Album USA called:
A Place of Our Own
Full Episode List of Family Album USA
Family Album USA - Episode 11 - A Place of Our Own
Family Album USA: Episode 11 - A Place of Our Own
Act I
In Act One, Marilyn asks Ellen for advice about buying a house. They talk about seeing a real-estate agent, someone who sells houses, and they talk about getting a mortgage, a bank loan to buy a house. Does Ellen want Richard and Marilyn to buy a house? How does Ellen feel?
| Marilyn | Ellen, I'd like your opinion |
| Ellen | About what? |
| Marilyn | Well, Richard and I feel that with a baby coming we need to have our own place to live. |
| Ellen | Oh. |
| Marilyn | Well, what do you think about Richard and me looking for a small house or an apartmnt at this point in our lives? |
| Ellen | We love having you here, and there is room, and...and when the baby comes, the baby can stay in your room for a while. |
| Marilyn | Richard feels we need to find a small house. |
| Ellen | I remember when I was pregnant with Richard.Philip and I were living with Grandma and Grandpa. Philip was a young doctor, and he kept talking about having a house of our own. It's natural. |
| Marilyn | What did you do ? |
| Ellen | We looked at a lot of houses. |
| Marilyn | Did you find one? |
| Ellen | Oh, not at first. We couldn't afford it.Grandpa wanted to led us the money to buy one, but philip is too independent. He didn't want to borrow any money. |
| Marilyn | Sounds like Richard. |
| Ellen | They're all alike. Richard is a real Stewart. He's independent, and sometimes just stubbom. |
| Marilyn | When did you buy a house? |
| Ellen | After Richard was born. I was teaching music,and Philip was opening his first meical office. |
| Marilyn | Where was the house? |
| Ellen | Right here in Riverdate. Of course, it was a small house, but just right for us. |
| Marilyn | It's funny. History repeats itself. Now Richard and I are having a baby, and we prbably won't be able to afford a house right away, either. |
| Ellen | Why don't you look at some houses, Marilyn? |
| Marilyn | Good idea. |
| Ellen | Look in the real-estate section of Sunday's Times. You'll learn a lot. |
| Marilyn | Maybe we should speak to a real-estate agent about a house. |
| Ellen | And a bank about a mortgage. |
| Marilyn | I'll talk to Richard about it. I think it's a good idea, Ellen. We can learn a lot by asking. |
| Ellen | And if I can be of any help, let me know. As a matter of fact, my friend Virginia Martinelli is a real-estate agent. |
| Marilyn | Good. |
| Ellen | You won't believe this, but she sold us our first house and this one. |
| Marilyn | Well, I'll tell Richard, and we'll go to see her. Do you think the skirt length is right, Ellen? Do you think it's too long? |
| Ellen | I think the skirt is just right. Are you planning to attach a train to it? |
| Marilyn | No. No train. Just the dress. But I am going to make a headpiece of lace. |
| Ellen | That dress is gorgeous. |
| Marilyn | Thanks, Ellen. And thanks for the advice about the house. I'll talk to Richard about it the minute the comes home. |
| Ellen | And remember, we love having you here. There's no need to rush. |
Act II
In Act Two, Marilyn and Richard speak with Mrs. Martinelli, a real-estate agent. Mrs. Martinelli offers to help. But she explains that Marilyn and Richard cannot afford a house in Riverdale. Will Marilyn and Richard find a house?
| Virginia | I remember your parents' first house very well. It was on Spring Avenue, near the park. |
| Richard | I grew up in that house. |
| Virginia | Yes, and you were such a cute baby. |
| Marilyn | I've seen pictures of him. He had blond hair. |
| Virginia | I've been friendly with the Stewart family for a long time, so It's my pleasure to help you find a house now. |
| Richard | Well, we're not sure we can afford one. |
| Marilyn | But we'd like to find ut about the possibileties. |
| Virginia | That's a good idea. I love your house on Linden Street. I sold your father that house seventeen years ago. |
| Marilyn | Really? |
| Richard | Yes, Mom was pregnant with Robbie then, and they needed the extra room. |
| Virginia | I hear you're expecting a baby, Mrs.Stewart. |
| Marilyn | Mmm-hmm. So we will be needing more room. |
| Virginia | Oh, so you don't need something immediately? |
| Richard | No. But in five or six months... |
| Marilyn | And time passes so quickly. |
| Virginia | Yes, it does. Well, when you called, you gave me enough information about your salaries and your savings. So I have a good idea about your financial situation. Let me show your some pictures of houses. |
| Marilyn | With two bedrooms? |
| Virginia | Yes, I think I can show you some. Of course, they won't be in Riverdale. The cost of housing's too high for you here. |
| Richard | I haven't thought about living anywhere else. We've always lived in this area. |
| Marilyn | Where should we look for a house, Mrs.Martinelli? |
| Virginia | Well, we have an office in Mount Kisco. It's a lovely area, and it's only about an hour's rive from here. Here. I have a book with photos of some homes in that area. Now, let's see. Here. This is a lovely two-bedroom house in your price range. |
| Marilyn | It's pretty, but I prefer a two-story home. |
| Richard | I do, too. I don't care for a ranch type. |
| Virginia | OK. Oh, this is a wonderful house. I know it well. I sold it to the present owners. |
| Richard | It looks wonderful. |
| Virginia | This is a two-bedroom, two-bath house. It has a full basement, and it is on a half- acre lot. You can probably afford this one. |
| Marilyn | I like this house. |
| Richard | So do I. |
| Virginia | And the price is right. Would you like to go see it? |
| Richard | Yes. We're planning to talk to someone at the bank next week. Perhaps we could see the house this weekend. |
| Virginia | If some one doesn't buy it before then. But let's keep looking. Just to get an idea of some other possibillties. |
| Richard | This is very helpful, Mrs. Martinelli. |
| Virginia | Here. This is a wounderful example of Spanish-style architecture. |
| Richard | Oh, I love the roof tiles on a Spanish-style house. |
| Marilyn | It looks like the houses in Hollywood. |
| Virginia | It's interesting. A house like this in Riverdale costs double the price. Oh my! Here's a real buy. It's a bargain. This house just came on the market. |
| Marilyn | It's quite lovely. Is it a two-bedroom house? |
| Virginia | No. It has three bedrooms and three baths. I know the house. It has a brand new kitchen. And a living room with a twelve-foot ceiling. And there's a two-car garage. |
| Richard | Then why don't we go look at this house, too? |
| Virginia | It's a good investment. |
| Richard | Thank you, Mrs. Martinelli. |
| Marilyn | Thanks so much. |
| Virginia | My pleasure. Give my best to your parents. |
| Virginia | Your father's a wonderful doctor, Richard. He took care of my daughter when she was a child. He's the best pediatrician in Westchester. |
| Richard | Thanks, Mrs. Martinelli, I'll give them your regards. |
| Marilyn | We really appreciate your advice. |
| Virginia | I do think you should go see the houses and talk to the bank. Here. Let me give you some information sheets abo the houses. They're both very good buys. |
| Richard | Well, thanks so much for your help and your time, Mrs. Martinelli. We've got a lot to talk about. |
| Marilyn | Mmm-hmm. Thanks. |
Act III
In Act Three, Marilyn and Richard go to a bank, they need a mortgage — a bank loan to buy a house. The bank officer Mr. Riley needs to find out if they can afford to pay back the loan. So he asks about their jobs. Will Marilyn and Richard get a mortgage?
| Mr.Riley | How do you do? |
| Richard | Hello. |
| Mr.Riley | I'm Ralph Riley. |
| Richard | I'm Richard Stewart, and this is my wife, Marilyn. |
| Mr.Riley | Pleased to meet you. |
| Marilyn | Likewise, Mr.Riley. |
| MR.Riley | Please, sit down. What can I do for you? |
| Richard | We'd like to discuss a mortgage. |
| Marilyn | For a house. |
| Mr.Riley | Fine. Are you buying a house or are you reinancing your present home? |
| Richard | We're planning to buy a house. |
| Marilyn | And we'd like to find out about a mortgage. |
| Richard | We are customers of the bank. As a matter of fact, my whole Family banks here. |
| Mr.Riley | I have some questions to ask. Do you own your house or do you rent? |
| Richard | Neither. We live with my parents, Dr. and Mrs. Philip Stewart. |
| Mr.Riley | And how old are you? |
| Marilyn | I'm twenty-nine. |
| Richard | I'm thirty. |
| Mr.Riley | And, Mr. Stewat, what is your occupation? |
| RIchard | I'm a freelance photographer. |
| Mr.Riley | And, Mrs. Stewart, are you working? |
| Marilyn | Yes.I'm a designer, and I work in a boutique. |
| Mr.Riley | Did you bring any savings or salary information? Last year's tax forms? |
| Richard | Yes. Here they are. |
| Mr.Riley | OK.What...what kind of house did you have in mind? |
| Richard | We're talking about buying a two-bedroom house in Mount Kisco.Here are the financial details on the house. |
| Mr.Riley | Thank you. Are you prepared to make a ten-percent down payment? |
| Richard | Yes, we are. |
| Mr.Riley | Payments over thirty years? |
| Richard | Yes. |
| Marilyn | Do you think we can get a loan? |
| Mr.Riley | Well, it depends. Do you own any other property? Any stocks or bonds? |
| Richard | No. |
| Mr.Riley | I see. Then you don't have any collateral. Perhaps you could get a guarantor- someone to sign for the loan for you. |
| Richard | Why is that necessary? |
| Mr.Riley | Since you don't have enough income, and you don't already own any property, the bank needs to be sure you can pay the mortgage every month. A gauarntor is responsible for the loan if you can't make the payments. |
| Richard | I see. Well, the idea of buying a house is exciting. |
| Marilyn | Thank you, Mr.Riley. We'll read this over carefully. |
| Mr.Riley | Thank you. |
| Richard | Good-bye. Thanks. |
| Mr.Riley | Godd-bye.And hope to see you soon. |
| Richard | I hope so, too. |
| Mr.Riley | Take care. |
| Marilyn | Good-bye. |
| Richard | It all sounded so easy until they mentioned needing collateral or a guarantor. |
| Marilyn | We have no collateral. |
| Richard | And I don't think it's a good idea to ask Dad to sign as a guarantor. I don't feel right about it. |
| Marilyn | I understand your feelings about it, Richard. |
| Ellen | Now, tell me, what's the problem? |
| Marilyn | We can get a loan from the bank if we can put up some collateral. |
| Richard | And we don't own anything to use as collateral. |
| Marilyn | Or someone can sign with us as a guarantor. |
| Ellen | Why don't you speak to Dad? |
| Richard | No. If we buy a house, I want to be able to handle it alone. |
| Ellen | Everybody needs help sometimes, Richard. |
| Marilyn | I understand Richard's feelings about it, Ellen. |
| Richard | In two or three months, I'll have an advance on my book and be able to put more money down. |
| Marilyn | What about the house in Mount Kisco? Somebody else'll buy it by then. |
| Richard | Then there'll be other houses, Marilyn. |
| Ellen | Richard has a point. You're just beginning to look. |
| Marilyn | We're in no great rush. It's true. |
| Richard | This has been a great learning experienc for us, Marilyn.Talking to the real-estate agent. Looking at the houses.Talking to the loan officer at the bank. |
| Marilyn | It has been a learning experience. That's true. |
| Ellen | I think you're doing the right thing. Taking your time.Looking around.Especially with a purchase of this kind.You're talking about a lot of money. |
| Marilyn | We'll call Mrs. Martinelli and tell her to keep looking for us. |
| Richard | And I'll call Mr.Riley at the bank and tell him we'll see him in a couple of months. |
| Ellen | And if you ever need Dad or me to help you... |
| Marilyn | We know. |
| Ellen | You know we'll be there for you. |
| Richard | It's a Stewart tradition. We're a family. |
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