The Gift and the Joy

REDUCERENEW & REJOICE

OUR MORTGAGE CHALLENGENOVEMBER 1ST 2012 – OCTOBER 31ST 2013

The 1st Mortgage

December 1st 2003 $1,035,000.00 2% Interest $4382.00 a month

RENEW our Mortgage

Due November 30th 2013$524,000.006% Interest $4877.00 a month

Gifts and Challenge from our Synod

The Synod will match DOLLAR for DOLLAR

up to $75,000.00 monies raised by

Westside to apply against our mortgage

which falls due November 30th 2013.

AND

The Synod has forgiven $71,000.00

in loans. The loans were granted to

pay current expenses and mortgage

payments.

OUR MORTGAGE CHALLENGE

To raise $75,000.00 by October

31st 2013, to match the Synod's

challenge

If we meet the Challenge we will

REDUCE our mortgage by

$150,000.00 and RENEW on

November 30th 2013 for

$374,000.00.

which will

REDUCE mortgage payments

from $4877.00 to $2715.00 a

month

Keeping in mind

Beginning in January 2014

We will most probably no longer qualify for the $1500.00 a MONTH we now receive in Synod Support.

however

This still frees up almost $660.00 a month. We will REJOICE in having these extra funds to support our Choir, Sunday Church School, Messy Church, Garden, Neighborhood and other Outreach programs.

REJOICE with Long Term Savings

Achieving the Challenge Goal will also SAVE

over $260,000.00 in INTEREST COSTS

ALONE over the term of the mortgage.

Assumptions

That we will meet the Challenge.

New Mortgage - Interest rate @ 6 ¼% - 5 year term – 20 year amortization.

Synod support of $1500.00 a month will not continue past 2013.

How can we meet the Challenge?

PRAY: for strength and guidance and for His blessings on our endeavors.

PARTICIPATE AND SUPPORT: in

the special events planned by

groups and individuals to raise

funds. Attend and bring friends

and neighbours.

SUPPORT: the challenge to the best of our abilities with financial gifts.

How Should I Respond to the Challenge?

Prayerfully consider and ask for guidance on how you might participate. It is recognized that:.

Not everyone will be a financial position to support the Challenge financially.

It is more important to maintain your regular gifts than give to the Challenge.

However, if you are considering support with a gift(s) over and above your present regular offerings please let us know by completing a Mortgage Challenge Card.

Knowing your intentions early in the Challenge will help in determining our ability to reach the goal. Gifts are needed by October 31st 2013 and may be made on a regular or onetime basis.

What if I can’t participate as I would like?

Make a financial gift only of you can. There are those who are already giving at the full extent of their means. No one should feel guilty if they cant participate. It is more important to maintain your present giving commitment.

How do I participate with financially?

Complete and follow the instructions on the Mortgage Challenge Card enclosed with the letter you will receive shortly.

Make participation “Second Mile” gifts over and above regular giving.

Enclose gifts in the special “Mortgage Challenge” envelopes which will be located in the pew racks or on the mail table.

When Should I Give ?

The sooner the better since Mortgage Challenge Funds will be applied as soon as received to the outstanding mortgage balance.This means your gifts are effectively earning 6% through reduced interest costs.

Each $100.00 received prior to November 30th 2012 will generate a return of $106.00.

Give, weekly, monthly or onetime but no later than October 31st 2013.

What Happens Next?

A letter explaining the

challenge and how you can

respond with your gifts will be

mailed shortly.

The Challenge runs from November 1st 2012 to October 31st 2013.

And We REJOICE

That GOD continues to Nurture

and Bless our Congregation

That HE has a Mission for Westside and will continue to lead and guide us as we prayerfully consider our response to this Challenge

QUESTIONS?

Hymn # 528 in the Red Hymnal

The Lord Now Sends Us Forth

The Lord now sends us forth with hands to

serve and give,

To make of all the earth a better place to live

The Lord now sends us forth with hands to

serve and give,

To make of all the earth a better place to live 

The angels are not sent into our world of pain

To do what we were meant to do in Jesus’ name:

that falls to you and me and all who are made free.

Help us, O Lord, we pray, to do your will today.

 

The angels are not sent into our world of pain

To do what we were meant to do in Jesus’ name:

that falls to you and me and all who are made free.

Help us, O Lord, we pray, to do your will today.