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Real Estate Show Place July How will you pay for it if art ill cosh liimienu won I lime But if ire liki mast ill need to borrow money mill Hit purchase This red by Rage on The of present owners would never been able buy their homes if it hail not been for ibility The mortgage is a great friend however it should not be entered into blindly or lightly where do get one and where do you start Type of loan There two general types of mortgages The first is commonly called the Convent la I Mortgage the other is called an Mortgage These are so called because they are In by the Notional Housing The Important thing lo determine is which you eon qualify for Contrary to what you may think the NHA docs not usually tually lend you any money only the mortgage and only if it conforms to certain government rules and regulations So you don start with the You start with he private lending institution from which you want to ob tain a mortgage Vou tell how much you need and show them the for the home you want buy providing you have already signed it They will arrange lo inspect the property and have it appraised by the the interest rate on these loans is a little lower than conventional loans and up to a point men required is also traditionally lower You may wonder why if there ire more to an insured loan every one does not gel one Because there some too There can be a good deal of red ape involved and a good deal of time You may have to wait for the be processed You may also be required to spend several hundred dollars to meet government standards before it will the mortgage because some older homes won pass inspection mortgages are the ones you get from individuals life insurance companies trust and loan mortgage companies and banks While they are not insured or guaranteed by a federal agency in most cases they can be insured by a private mortgage insurance com pony In normal times these loans arc the easiest lo gel the fastest Hut they have disadvantages too The in teres l rale is a little higher and he down payment you may have to make may be higher It important to know hat all private lending institutions have the requirements so It Is wise to ike enquiries with several In the field You mlghl find one wilh lower interest rates than the others or one that offers a longer amortization period Also some lending institutions will not make loans outside their own areas The of mortgage you get will depend on the you make and the number of years in which you plan repay Look Ahead Saxe Sttphin P Saxi RtiHor 8772219 or 4531111 1ST The Hollywood Design 3 Acres Your family will remember hoi days and happy days in on II il stands in regal suturing largo floor to no fireplace formal ami concept entry hall Indoor pool sauna si Quiet Secluded Flamingo Court I which has on ro wall provide character and your or materials Kitchen onto the roar yard or easy supervision plus throughout car garage Call lis Stolp Clean As A Whistle With homo Each 3 No Cleaning When You Move In This Immaculate Home is and including inground pool lone and central t finished am ly room and recreation ro located on a Court w pic shaped lot To vww and advantage n hoot oak lor Tom Cooper I TWO HOMES OPEN FOR INSPECTION Tall Pine Estates 9 Harold Street 103750 Declare Your Independence From Landlords NOW favorite plan 10 any am ly si as as a nrio3 Tie rectangular hen hue 11 is Rent and live tho or to make ilea ur This homo apartments to aft omen Con John Colon for more tails Buying On A Budget Call About This One space ureal looking Whom can you got 3 ma family room m kitchen and ilrconory for more information Call Country Bungalow 500 Just 10 mnutns of of Acton wo bedroom on acres Tht ro ground floor family room 11 and Walk to the Credit River 39900 This is in one of most scenic villages of Omar II has a lorgo lot living room 3 bedrooms and full basement Whon you would to see It coll Robin Fochor Stephen P Saxe Limited Realtor 170 Guelph Street Georgetown Ontario Campers Take A Look 1 small cab n and a bit brush nt roar of property Oil Norm Orangeville Tired of City Life is usl ght or you minutes 10 lawn and ng or gardening Priced at Call John Caton for nit Tom Cooper fr 1 John Caton 8779620 Norm Sinclair Howard Caton 877 6050 838 2708 Rozetta Stolp Don McMillan Wendy Saxe Robin Fischer 8772180 8772984 8777194