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Real Estate: The Oakville Beaver, Wednesday April 5, 2006 - 1 9 Making the right mortgage decision Your mortgage could be a gold mine of potential savings "A penny saved is a penny earned"...o r so the old proverb goes. Of course, the value of a penny has changed somewhat from the time when your m other offered her wisdom on the value of keeping what you earn. Today, you could save thousands of dollars by sim ply making the right mortgage decision. If you're like m ost Canadian homeowners, your mortgage is a gold mine of potential savings. It is the primary role of a mortgage broker to find you the right product for your personal situation. A m ort gage broker is a financial professional and - like your investm ent advisor - he or she will want to understand your personal situation and payment references. Your mortgage broker has access to a broad spectrum of lend ing institutions, so you can do some valuable compari son shopping for the right combination of features, rates and mortgage options. All these choices offer you substantial opportunities to save money over the life of your mortgage. If you are like most homeowners, you are focused for good reason - on finding the best possible rate for your mortgage. Your mortgage broker can offer you the best range of rate options and terms. If a mortgage bro ker can get you one per cent off the posted rate, that could translate into more than $13,000 in interest per $100,000 borrowed over a 25-year am ortization sched ule. If, however, you believe that most mortgage rates are basically the same from one institution to the next, then consider the fact that even an eighth of a point dif ference in the rate can offer significant savings over the duration of your mortgage. But it's also im portant to look beyond rate. There are other ways to find savings in your mortgage. Your m ort gage broker is up-to-date on m arket trends and new opportunities...as Well as some of the tried-and-true ways to save money in a mortgage. Do you get an annual bonus in your job? You may want to use that bonus to pay down the principal of your mortgage. If you pursue this strategy consistently over the life of your mortgage, you could save thousands of dollars in interest by paying.your mortgage off sooner. Are you paid bi-weekly or bi-monthly? Consider a change form the usual m onthly mortgage payment. Set up your mortgage schedule to coincide with your pay period. Again, you can shave years off your mortgage, and enjoy thousands of dollars in savings. Consider the old penny proverb again. How m uch is your time worth? Time savings is one of the key, unex pected benefits that clients say they have enjoyed when they choose to work with a mortgage broker. Above all, a mortgage broker is an expert in custom er service, and that means that your broker looks after every detail of your m ortgage research and negotiations on your behalf. This article was provided by Bryan Guertin, a m ort gage broker at Mortgage Intelligence. He can be reached Bryan Guertin The Smart Choice at 905-842-4320. Every effort has been made to ensure the accuracy of this article; however, the information is general in nature Please seek professional advice relevant to you specific situation. NUMBER 5 IN CANADA! Direct Line iHililMiiliiiiit 9 0 5 -6 3 4 -2 3 3 5 Business Office Comm., MVA Broker -- -- aawwiaw B u rjjqak R e a l E stiate Services ROYAL L ePAGE Top ,Awe a n rd J 9 0 5 -6 3 4 -7 7 5 5 fm =m t l L rxmiror fjg f f $ 193,900 ·HEADON FOREST "CHELSEA" PENT HOUSE *1 bedroom, 1.5 bath with escaipment view *0ak kitchen ·Living room/dining room and bedroom walks out to balcony «5 appliances, 9sceilings, crown moulding ·BURUNGTON $409,900 ·MILLCROFT FREEHOLD BUNGALOW IDEAL EMPTY NESTER ·Loaded 1+2 BR, 2.5 bath built by "MONARCH" ·Approx 1600 sq ft *Mahogany kit. «LR walks out to deck *Prof. finished lower level w/FP & walk out, possible in-law ·Escaipment views ·BURUNGTON $519,000 $495,000 D A r lT R E f if a g f U f O W UCHf Cell: (905) 334-3357 O ffice to ll free: 800-514-4094 ·ROSELAND CHARMER ·Well maintained 2+1BR, 1 renovated bath BUNGAtOW on mature treed setting *DR w/walk out to DECKS PATIO` Many new windows, re-shingled & hrdwd. throughout ·Single detached garage ·Steps to LAKE *ldeal for the renovator ·BURLINGTON ·DESIGNATED "HER ITAGE" 2 STOREY ·Restored 3 BR, 2.5 bath on 1.25 Ac w/PANORAMIC VIEWS, 9' ceilings, pine plank floors «Great rm. addition with FP & walk out *Fin. Iwr. M. w/walk out ·Det. 1.5 car gar. *New windows, re shingled *N0RTH BURLINGTON $799,900 J OPEN HOUSE 3 SUNDAY 2-4 1 2155 Blue Ridge " I $336,900 J Fabulous fully detatched I f home on a quiet street in Westoak Trails, close to walking trails and parks. .- Quality built by Valery Homes, this home is loaded with upgrades including maple J cabinetry, ceramics and more. 7 $357,900 Gorgeous home totally renovated and upgraded top to bottom. Nothing to do here but move in and enjoy. Ideally located in Old Glen Abbey on premium lot, backing onto greenspace. ®BiR0iTE W O O D BEAU TY ·UPGRADED 4+1 BR, 4.5 bath 'Approx. 3000 sq. ft. w/fin. fair. M., BR & grade hri. walk out ·Fam. rm. w/FP opens to oak kit. & walks out to deck & fenced yard backs onto G REEN SPACE *3-car tandem garage *9' ceilings, crown moulding, hard wood ++ ·BURLINGTON ·PRESTIGIOUS COURT SOUTH OF LAKESHORE ·2+2 BR, 2 bath RENO'D OPEN CONCEPT BUN GALOW «Great rm./master w/dbl. sided FIREPLACE ·DR walks out to DECK & PRIVATE fenced yard ·Hrdwd., skylights, vault ed ceilings, sauna, French drs. ·LAKE ACCESS ·BURLINGTON $1,999,000 ·INCREDIBLE 5 BR, 3.5 bath 2.5 storey reno'd from top to bottom w / P A N O R A M I C LAKEVIEWS ` Gourmet kit. ·Family rm. w/adjoiniog sunroom «0peo conservatory *Loft style games rm. «Hrdwd. & marble firs, 4 FPs, crowo mouldings ... quality finishings throughout ·BURLINGTON $1,299,000 " ' I $339,900 Wk B P H I « | H j mW<< S L* I Ideal for the growing family, 1 ^ ' s sPac'ous ^ome has main ,, , .. M floor family room with -t* y | l fireplace, separate living and 5 J & 9 H dining rooms and large full finished rec room. Pie shaped J lot is the largest on street S R O YA L Le PAG E a a a W tre y^C O g e C O .C d R o y a lU P a g e R e a lE s t a t e S e n s e s L i d .B r o k e r : O n lin e h o m e t o u r s a t w w w .D ia n e D a w t r e y .c o m ·CUSTOM BUILT ·Stunning 3 BR, 2.5 bath plus main fir. den, 1.5 storey ·Approx. 3200 sq. ft. *Great rm w/FIREPLACE *Kit. w/island & formal DR open to siinrm w/vaulted ceilings ·Prof. landscaped & fully fenced ·Oversize 2 car garage ·Reshingled ·STEPS TO THE LAKE & DOWNTOWN OAKVILLE