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down. But then there‘s no guarantee that longâ€"term rates will come down. There‘s something else you might consider when you‘re renewing your mortgage, either short or long term. And that‘s to increase your monthly principal repayments. For example, term â€" at I¢ down. But that longâ€"te So you may be forced to either buy your mortgage down (and pay a hefty penalty) or else take a discount on the selling price. Either way, it‘s going to cost you monev. If you should be planning on selling in the near future, then you may wish to renew your mortgage for a short term â€" at least till longâ€"term rates come through the term (and longâ€"term rates have fallen). The buyer may want no part of your mortgage, preferring instead to arrange his own (and cheanâ€" (Continued from page 3) Consider increasing payments 9800. 2108 Mayflower $264,900 main fir. fam. rm. v bsmt. to hot tub, possession available ANBLL FRANCIS***, 849â€"9800, 845â€"3344 $304,000 Abbev thi 9800 $339,900 $2.600 /mth WILLIAMSON®*, 849â€"9800 Hoor e p A ) mortg ANELL FRANCIS***, 849â€"9800, 845â€"3344 ANBLL FRANCIS***, 849â€"9800, 845â€"3344 Expect the best ~ y;ivs! ‘ wely 4 bdrm. home approx f flz wIFF""lhmp eatun it age or $395,000 An Independently Owned and Operated Member of Coldwell Banker A s of Canada Inc * Sales Representatives **Associate Broker "'&nfink atex & ]}.4 deck AUDREY WILLIAMSON®** Please call AME FRANCS®, 849â€" % . M renewing your or long term. your monthly For example, ind cheap Servumpg Oakuille Smce 197 ANELL FRANGCIS REAL ESTATE B8 DUNN ST. AUDREY $312,000 $204 .900 $149,000 FRANCIS®, 849â€"9800 $339,000 $399 .800 $164,900 WILLIAMSON®**, 849â€"98008 149 900 fifi *> ) fi« This column is general financial advice by Canada‘s chartered accountants. Ian Riehl, managing partner of Riehl & Associates, has a special interest in tax and financial services. year amortization whe which won‘t play havo lars in interest. The advantage here is that if interes rates should go up substantially in the future. you can alwavys revert to a 25. ment. It also cage dow save youT over 25 years, amortize it over 10 or 15 (or even 20) years. By doing this it will mean a much larger monthly pavâ€" instead ANELL FRANC ANELL FRANCIS®***, 849â€"9800, 845â€"3 144 * \Bimec© i â€"( l se 8| ~4, Ste + + C mucs l «. Why 9e A2 ANELL FRANCIS®***, 849â€"9800, 845â€"3 344 means you‘ll pay the mort n much more quickly â€" an self many thousands of dol ANEFLL FRANCIS AUDREY WILLIAMSON I$ amortizing your mort 849â€"9800, 845â€"3344 * 849â€"9800, 8451344 in move mw Wi n you renew with vour bi ALDREY ur bud AME ind L f $599,000. South of Lakeshore ind walk to downlown, 4 bedroom, main foor family Walkout to lower level CA, CN, EAC, security, gas fireplace in Iving room + more. MICHELE CABOURKY* 3%2201 (Pager) or $A5â€"8445 Charming Cape Cod style bome. 4 bedrooms, 3 baths, central air, 150 deep lot. Walk to public and sepurate s«chools. $228,000. Call now. MARILYN WYKES* 338â€"2201or §44.9859 * terrific buy â€" $98.900 _ SUE HODGE* 33%â€"2201 or §45.6164 * 3 brge bedrooms SUE HODCE* 338â€"2201 8§45â€"6164 1101 UPPER MIDDLE ROAD 338â€"2201 anada Trust Realty Nearty new 2 bedroom cando Need only $5.00 down FABULOUS RAVINE LOT Finished rec. room with har â€" Eatâ€"in kitchen â€" new ceramic tiles Deck in back vard I1S PROUD TO BE THE EXCLUSIVE 3 BDRM. TH $131,000 FIRST TIME BUYERS REAL ESTATE SPONSOR OF Canada Trust Realty POOL SIZE LOT mini hinds FIRE PREVENTION CANADA MICHELE GABOURY® MARILYN WYKES SUE HODGE SUE HODGE Now available, Lakefront and Lakeview luxury apts. & homes from $129,000 to $975,000. JUDITH FORTN** $47â€"3030 Bus. l 6, 827â€"17615 Res. og Start each day with beautiful sunrises over Lake Ontario. ADITH FPORTIN** $47â€"3030 §44â€"9859 fireplace. 2 full baths. Immaculate home. Original owner. $195,500. MARILYN WYKES* 338â€"2201 or DONT LET THE SUN SET ON YOUR DREAM ROOM TO ROAM Spacious 3 + 2 bedroom home. CGround foor family rmom with gas Friendly buikding, Steps to the like and al" conveniences. BETTY PHILLIPS* 338â€"2201 Pager DREAM OF A HOUSE $196,000 * new oak kitchen * extra large rec. room with F/P SUE HODCE* 338â€"2201 or §45â€"6164 OPPORTUNITIES 2274 LAKESHORE ROAD W 8473030 hardwood fioors throughout 3 plus 1 bedrooms $97,000 2 BR. CORNER Sales Hepresentalive JUDITH FORTIN®* & JUDITH FORTIN®* MARILYN WYKES®* BETTY PHILLIPS® SUE HODGE® O C (7 m 0 D