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OUTLOOK Friday June 1WT Pag Real Estate Outlook Housing made more affordable in ill towns and rural the eounltv will benefit from number mje- recently he merit met Tilt will nuke mi more rejdily its lower liomeuu net ship more jttxsMblc The improvements will ensure hat ill he equal id burnt mincing the lowest cost no muter ihn said The Mclnnn Minister responsible Im Canada and Corporation Generally lending institution cannot lend more than per of the value or a house on insured mortgage As a result Hit buyer must have a per cent down payment With mortgage insurance which guarantees the lending iiisiuu Hon will be repaid if the borrower defaults as little a per rent is allowable According to Mr the reduction in fees and premiums will help homebuyers faced with the various costs ind charges when buying house example with the the one lime fee and premium for insuring a mortgage of will be reduced by about to In addition the limit on will be increased to per cent plus percent of the remainder from per cent of the first plus HI per of the remainder to better the increased cost of houses in mam communities The higher the downpiwnent the premium is ltuers who tel monies go percent of the p percent A Wl per etui il Lst price is i premium I per cent down from I 5 For moriates of less Hun per cent the premium drops m one perteni I or the first unit rt msurinte will I lurid renov irk or other require merits IK this and re the risk to the lenders ei should be tti no financmL at the lower lirsl interest rites Look before you leap Toronto May 1987 Buyers can encounter pitfalls problems when buying homes in Canada these days say Miller and Stan authors of the new book Look Before You Leap A Com Sense Guide to Buying Your According to Miller and Some people are so busy with careen and family they Jump In to the housing market without first do ing their homework This can be to when buying a house or condominium particularly If it the first one The book took 14 months to research and write and is written especially for first and second lime It gives readers all the necessary technical informal ion in an easy toread format And It also contains many of the problems and pitfalls prospective purchasers need to look out for HERES ONE OF MANY IDEAS FOR DAD POWERFUL NEW OF HORSE I ho new Whool Sot Dos good bo uniquely St with Iho of of put power bach mo Family budget now MtSl IT WOW FOR TOO Wheel Horse GEORGETOWN LAWN GARDEN EQUIPMENT 5 Armstrong Ave Georgetown 8776686 COME ON DOWN TO MILTON were just minutes away 1000 REBATE On Sentras Pickup Trucks Up To 1500 Litres Of FREE Gas On Selected Models Buy or Lease Before June 22nd This is one deal you don t want to miss NISSAN 9 at T9B6 REBATE ON MULTI AND Where the customer comes first 6 YEARS km NORTH END NISSAN Serving The Milton Community For Yrs Martin St MILTON 8784137 A SUBURBAN REALTY INC REALTOR MIKE ADAMS St Bus 5211 877 7071 Carphone MIKE ADAMS SALES REPRESENTATIVE A GREAT FAMILY HOME Now wax kitchen doors to freshly decorated bedrooms 2 washrooms 4 piece 1 2 piece downstairs Window coverings go Ihe home huge rec room with woodbumlng stove Great tor kids large workshop for dad paved drive aluminum soffits eaves This home shows to perfection NEW LISTING Prestgious street three bedroom brick aluminum nestled on a ravine lot Very private three bathrooms double car garage Mint condition to show this home is a pleasure GREAT ROOM FOR CHILDREN Show this fantastic bedroom absolutely mint condition family area oil kitchen for kids private backyard wdeck Great location call Mike today Turn century homo In trees Thla hi docorntod totally rot shod Note v ndowa main I replace Ironch jloas MUST SELL Three bedroom brick bungalow Pie shaped lot Carport Great location Mature trees HOUSES NEEDED Call Mike for a personal and free evaluation of your home Not intended to solicit homes already listed