The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

How much mOney do first-time buyers need to buy a home? Q. I'm a first-time homebuyer. How much money do I need to buy a home? A. Buying your first home should be an exciting adventure. Knowing the costs so that there are no surprises will make the journey, not only pleas- ant, but will direct you quickly to your choice. First, the mortgage: A first-time homebuyer can mortgage up to 95% of the purchase price of a home, pro- vided that the total purchase price does not exceed $250,000, that the purchaser qualifies to make the pay- ment, and that the financial institution approves the value placed on the home. Your REALTOR can arrange for a BIRCH HILL LANE 98.9% OF LIST PRICE! CRESCENT 98.2% OF LIST PRICE! 96.6% OF LIST PRICE! Rea‘lTalk A service of The Oakville, Milton and District Real Estate Board g preapproval for a mortgage through a financial institution or mortgage bro- ker. Preapproval will zero you in on the value of property that you can afford, saving you the anguish of try- ing, and failing, to buy something for which you are not qualified. The down payment: If you are preapproved for a mortgage, simple mathematics will dictate what dollar value a 5% downpayment will be on $334,900 Absolutely gorgeous, Royal Pine exec. home, prof , sunroom, skylights, marble decorated. Ravine views s r 76,900 Newl Four Seasons townhome, i701 sq.f. Badrs onto Original model home! U park, ensuite, open concept. shows like newl 3 SPACIOUS BEDROOMS, family room with F/P. solid oak cabinetry, frilly decorated throughout $189 000 $173 900 YOUR CHOICE! 2 semi‘s in immaculate condition. 132' premium lots, designer decorated, Kaneff built. any transaction. It is important to remember that there are further costs at closing that will require cash. Other ‘costs include legal fees and Land Transfer Tax. Your REALTOR can give you an idea of what the legal fees might be, or you can contact a local lawyer to get a more precise quote. Land Transfer Tax also must be paid on closing, and your REALTOR or lawyer can determine what that fig- ure is. One last cost, moving: It is very important to have sufficient cash funds left to move, hook up tele- phones, and have money left for those little incidentals. For example, first homes require Countrywide 338-6550 TOWN CENTRE REALTY INC. door mats, garbage cans, and all sorts of miscellaneous odds and ends. Make sure you leave a few dollars to cover them. Lastly, the key to the question is to sit down with your local real estate representative and get these details sorted out “first”. Then, go out on your adventure and enjoy. Real Talk is provided by the Oakville Beaver and the Oakville, Milton and District Real Estate Board as a service to the general public. We welcome any questions relating to real estate â€" mail to Real Talk, do the oakville Beaver, 467 Speers Road, Oakville, 0nt., L6K 3S4, or fax to the Beaver at 845-3085. Call 844-6491 for more information. 240 North Service Road West Oakville Ontario L6M 252 Office Hours: Mon-Fri. 9-9, Sat 9-5 "325:! square feet, 4 aded to the max. 2,900 sq.ft., mature landscapinngLen 1:95 LINDSAY $182,900 ~ NEW! Great Gulf townhome, 1,550 sq. ft ' Family room, fireplace, air, open concept. $69 $199,900 Amazing 60' x 152‘ wooded. private lot, lnground Pool! Spadous split level with family room. New Listing! Ex ulsite home, upgraded throughout. Approximately 3,000 room executive, with aura large bedrooms and main floor den. Oak strip flooring, new upgraded broadloom, built-in bookcases, landscaped with hot tub. concept. neutral decor private yard, sides onto park, upgraded. Central air! 4,300 sq. ft. of finished living area! Georgian built. 5 immaculate designer T/H, approx. 2,000 sq. ft, open concept, finished on 3 levels, f.p., app|., ind. oent. air. 5] 37,900 New!10++. End unit townhome, beautiful! Huge bath, lacuzzi, Nanny Quarters. Won't Last! “1' $189,900 #661 ‘6 "1914/ “EPSQUPQM 79/”?99 '9/IIIWQO 9‘11 5919153 #398 â€" LL ._.L.-__.M w