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Real-Estate This Week, Wednesday, April 21, 1993 — Page 5 = wa BLUE SPRINGS ant Realty (Halton) Corp. SERVICE ma] SERVICE OF THE '90s! | OF THE '90s! ‘Wayne will market your property ‘Wayne offers a written on TWO Real Estate Boards with comprehensive market } over 1500 sales reps or members evaluation of your home at at no additional cost to you! no cost to you! BUS. (619) 856-4348, nders TOR. aie 874-3053 Nayne Saunders’ FAX (619) 856-2128 Sells Like Yours! This spacious updated Century Home offers all the modem well treed & landscaped lot and having extensive rorheaes sha ter raced A _ Call Wayne". TMRW33 39 In a tranquil village setting east of Rockwood on 3/4 acres and backing onto conservation land and the Eramosa River. This custom built 2000+ sq. ft. bunga- low has it all. RMRW93-03 ee $253,900 ~ HOBBY FARM |] $249,900 JUST FOR Y ele 20 acres located just S mies north of Hwy. 24. This : $319,000 ~ ROCKWOOD a double bcking’on Fiver Conéervation this: So eert pump, solaium (2 stor) and a Bsr et acon Ped bow balers cs Call Wayne’. RMAW93.32 Custom-bult with you in mind. 1750 sq fof upgrad sg cy rom ng pose few ofthe features. just call Wayne. RMRWS3-25 $234,900. Lovely 46 acre parcel, 30 of which is workable. Located on a paved lined road north of HWY 1/2 miles 7-and just west. at Acton. Picture serie with numerous sites, RMRW93-17 $154, 2.8 Acres of potential! Rolling : Set un io-acres oF beak, yf actes are centry tae on on 2 1/2 lots, one ne of approx. 12 ac hardwood a land. Very sechsted & private. pret plans or a of ral ae ge principal rooms and RMRW93-20 ‘ours? Call Wayne’ (On a Maple-treed acre east of Rockwood & just off Hwy. 7. ‘tub, fireplace in family room, and a bunch more. Two work. I 40 woulted, floor drains, and setup for large trucks. jst call Wayne? RMRW93.37. .«a$ a country school house <b located just east of Rockwood &% off Hwy. 7. This historic, reno- vated home is now for sale. ® Placed on .8 acre and featuring bedrooms, country kitchen, Fm main floor laundry, cathedral & ceilings and mul more! Just callWayne. MRW93-26 “MEMBER OF THE GUELPH & DISTRICT REAL ESTATE BOARD AND THE BRAMPTON REAL ESTATE BOARD TO SERVE YOU BETTER! ( x(Handyman Special ) Wf Priced for the do-it-yourselfer Wf Beautiful river view. Wf Cape Cod style with 4 bedrooms. 1 877-5165 833-9714 wf Master bedroom on main floor (where it should be) with ensuite. & Allcustom run trim & comice moldings in knot-free pine. of Entrance hall skylit with pan- elled wainscoting. Wf Family room with 3- skylight solarium «Kitchen with washroom & walk- Minutes only to schools, shop- Wf Forced air gas heating Wf Backs onto Greenbelt ravine. of Purchaser to select finishing ARTHUR F. . JOHNSON & Ein ASSOCIATES Tor. LTD., REALTOR in pantry ping & Caledon Ski Club from builder's sample portfolio. 93-2-190 _S & Tomcomery 874-3040 Sales Representative STUN Tale Bem 9 Selling...? Check Out Halton Hills This Week Classifieds 873-2254 Spending to Prosperity! By George Perdue, B. Sc. P. Eng. Making something out of nothing. Being a contrarian. Spending your way to prosperity. Is it possible? If you are in the right situation, and if your comfort zone allows, you could increase your available cash while you consolidate your debt. depending on the amortization period and so What are you giving up? You are increasing your long term debt. The mortgage amorizeno® diego may be it the personal The i dients for the recipe include a mortgage, collateral, a personal Ioan, and the ability to make some payments. The play is called debt consolidation. You take advantage of the current low interest rates and renegotiate a new low interest rate mortgage that includes the remaining value of the old mortgage plus the outstanding value of your personal loan. What kind of results might occur? If you had an $80,000 mortgage at 11.5% and a personal loan of $15,000 at 12% you could reduce monthly payments by as much as $500 per month loan mc hr period will increase to the length of the mortgage. Does this matter? If you need the cash, no. If you can make more return with the cash, no. If you hate long term debt, yes. 0 you want to consider this option. However, your mortgage is not due right now and it is a closed mortgage. Enter the penalty clause. Some of these are considerable, however, even with the penalty the cash can be preferable. Now you ask, "I like this idea because I need cash flow. If I had cash I could pay the penalty but my problem js cash so how can I make this happen." If you have a personal line of credit you can use the line of credit to pay the penalty, roll the penalty into the mortgage along with the personal loan and proceed. The permutations and combinations are endless. You should seek the help of a mortgage ‘specialist such as a mortgage broker or a financial. advisor. For straight forward situations these are no fee services. We refer our clients to a local mortgage broker who can shop the market and obtain the best terms and rates available. They can even get the best rates from your bank. George Perdue is a Financial Planner, Business Consultant, and-Partner in Money Concepts, Halton Hills. He can be contacted at (416) 873-1877.