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THE HERALD October MAIN ST ERIN BRAMPTON Canada Trust 8779500 ijjrii WOODLAND BEAUTY moil charming bungalow In selling gardens and nailer with cathedral ceiling and Sunken fireplace and lovely dining room Family room kitchen with firepiaceandilld doors Outstanding roc room with Separate games room tor the kids healing and air one winding paved ing ill IS ACRES COUNTRY HOME One a kind wavy cedar siding bungalow walkout about 10 workable land balance mixed bush irlve Excellent pond alio large open and dining LOTS FOR SALE Village Lot S3 Village old barn Town paved roai I large garage Well designed easy maintain brick bungalow on a quiet streel Country subdivision allows spacious sunny bedrooms Full basement a great challenge corner roughed In Treat yourself to country living OWNER WILL CONSIDER TRADE IN GEORGETOWN ol Erin country property about acres maple bush rolling land with cedar and springs at property Asking 900 ACRES just outs dc all workable ex cellenl soils large bank barn House Has been damaged by lire Asking 500 DOWN Your family will enjoy living in 1 hi year old bedroom brick I pastel in in lias plenty spice garage and well land lol FOUR NEW COUNTRY HOME Each one is situated on Georgetown and fireplaces three sliding pallo and much more For at quality homes LOOKING FOR A PLACE TO Lot your help pay your mortgage ia Income properties to choose Or IslramewlthSapt car garage with a opts also to For details call CENTURY HOME ON ACRES Georgetown and Brampton in reed selling Georgian two slorey horn ii ivlng and suites NEAR MOORE PARK Three bedroom home ft large lol living dinette looks down into the family room wilh fireplace and walkout to yatd Two ballrooms Try an MS complete with lots cupboard space storage or playhouse rec room The yard is for children Priced a TWOACHES HOUSE AND BARN WATSON F R I MANAGER MAIN ST S GEORGETOWN ONTARIO ASK ABOUT OUR BRIDGE LOAN PLAN TORONTO LINE POLZLER REAL ESTATE LTD 4538454 Whether you enjoy In the Bum country Or lust plain love com YOU LL BE DELIGHTED WITH A THESE CUSTOM BUILT HOMES FALL IN LOVE spotless home I f most wanted areas of lown super large treed See It lie Call Rudy LAMINOO I den a lot Exceptionally decorated and spotlessly clean Early possession Call Nick Zeis res or Estate Limited IMMEDIATE POSSESSION This country dream property offering close 3 I living space built on a large lot in on excellent could be yours lor price of 599 A must to see It po with Rudy Cadleux MMING POOL SOMEONE DON T WAIT FOR THE WEATHER TO WARM THIS WAY THE PRICE STAYS Come see lor yourself what a deal this one Is Hurry Vendor has bought and wants to move Coll Rudy 453 PARADE OF HOMES SECOND MORTGAGES SHOP AROUND BEFORE BUY By Leonard Rosenberg You need money of funds Is going or you need to make a down payment on cottage you always wanted Thefactls you need money right away You have a first mortgage on your properly its closed with payments set and prepayment restricted You could decide gel out of that mortgage and ale or go somewhere else to raise the needed cash but that may email more headaches than you re w Ming bear You d have to go back to the mortgage company and pay a penalty iust lo discharge your mortgage have to pay a higher Interest rale because I ke things mortgage rales arc higher today than when you f rsl took our your mortgage ONE ANSWER What the answer then Well one way of the necessary funds Is a second mortgage Bui lhat expensive t ii sometimes yes but In many cases a second mortgage can actually save you money Second mortgages arc like anything else on the markcl you have to shop for the best interest rates are naturally very Important determining the best deal lor you In most cases second mortgages do have Interest rates than firsts since lender has a higher risk For example it there should be foreclosure on mortgage lender the mor s tied to security firs The lender the second mortgage is the low man on the pole That higher i by shopping a mortgage Most mortgage will actually cost you less than it you had only one morlgaqe Here s an example Say you have a with a nine per cent interest rale on a home you bought ten years ago and ih s now worth 540 But your mortgage is only a yearly rate of per cent you would be pay 150 a year In Interest YOUR ANNUAL TOTAL You need another S10 Shopping around you arrange a second of with a yearly Interest rate 11 Annual interest payments on your second mortgage comes to SI 150 When combined wllh your mortgage your annual total Interest paymenis ore In comparison if you had rearranged your you would actually end up paying more A mortgage at today s current rate would come to a yearly payment even considering the penally charge you would hive pay for renegotiating your original about MOO and legal and appraisal fees of about you vc already come out ahead by And aver the five year of mortgage you II have saved 135 This saving equally if you are buying a home has an existing mortgage Why renegotiate existing mortgage when no a second mortgage can be to your LIKELYTOOPEN are other when looking for a second mortgage One thing is thai a second mor tgago there is greater likelihood that it will be open An open mortgage allows you pay any amount ol principal of mortgage at any lime without incurring a penally In In a closed mortgage your payments are sot and prepay limited If you do make a charge is usually added An open mortgage Is In your favour A healthy payment can substantially reduce the principal owed and save you a great deal of money In long run With the second mortgage It Is also helpful to arrange so it will mature at the same time as your mor tgagc This will put you In a much better negotiating position when ihe time for renewal comes up As we said morlgagos are like anything else on the market You have to shop around By shopping around and looking at oil Ihe various a second mortgage can actually you money And that s Important on We Rent Everything Eitulp Building Equip Panning equip Industrial Insulation Eqoif MILTON rentals WE SELL INSULATION 8781880 TS Electric Electric Contractors IAL CTRIC MEAT TO IE YOU ARMSTRONG AVE 8772413 Patio Furniture Gas jg Stoves tMffA Furnaces Fireptaces Jim IS i 8770551 TBOWLES MOM CO MOUNT GKlRGrTOWN Babbitt YOU MAKE Designed For Your Kitchen For lhorm1 On CERAMIC TILES 8774795 ACTON PRECAST CONCRETE LTD MANUFACTURERS Tanki thing Bed ier Contrail til Products 8031 REDDOT REALTY LTD REALTOR Loll a Aerugo Renin ARIENSI SNOW BLOWERS FROM TO GORDONS SERVICE CENTRE 8775365 FORD BROTHERS CANADIAN N0RTHW00D MOVING STORAGE Elevation- A PI pi Sfe 31 It pi SURPRISINGLY SPACIOUS SPLIT LEVEL Here a compact but exciting design of the front torear split level type which Is perfectly suited to the narrow building lot which slopes upward to the rear The exterior with Its vertical channel siding veneer and heavy cedar shake roof presents a facade similar to that of the popular European bungalow The large frontal glass area over the entrance and above the main living room windows carries forward this theme and provides for excellent natural lighting The deeply weather recessed entry leads naturally right into the convivial living room living room which features a modern corner fireplace sloping celling and a solid wall of window Two risers take you up to the separate formal dining room which separates from the kitchen via convenient pocket door The well planned U shaped kitchen nook combination has an angular sink configuration with double window view generous cupboard storage and a casual meal space which invites the custom Installation of a breakfast nook All three bedrooms are positioned to the rear the main entertaining area of the house and arc elevated up seven risers from the main level Each has generous closet storage and excellent natural lighting The master bedroom has a three piece with corner shower stall A generous linen storage facility Is easily accessible to both the bedrooms and the baths A full basement accessible from the hall adjacent the nook contains abundant space for the development of recreational facilities or further bedrooms A single closed garage with space for the creation a handymans workbench completes the convenience features of this smartly modern and practical design Plans tor design No 1384 may be purchased either by the single set at a cost for the first set and for each additional set or by the package A five set plan package including the set is economically priced at and an eight set package also Including the first set is only Whichever method you choose please include for postage and handling Ontario residents add percent sales tax Send for the current edition of Select Home Designs Magazine Series No 38 featuring Imaginative decorating and home Improvement Ideas plus quality home plans every type Available for plus cents postage and handling To order any of these Items please send cheque or mone order to the Home of the Week Address to NEW HOME OF THE WEEK C THE HER NST SOUTH GEORGETOWN DELREX ALUMINIUM T I ON insulation rthere you can see and fee the difference FOR INFORMATION AND ESTIMATES CALL To Our or Yourt BURNETT HOMES HO GLASS MIRROR I LEON GLASS InOuitrUl Rural Hook up 8533519 HILLSIDE SAND GRAVEL 3 Purhom HERALD CLASSIFIEDS GET RESULTS 8772201 HOME RENOVATIONS Minor Id Alttralloni Family Roonuy Addition Unisal Construction Ltd TERRY General Contractor