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HHI, PORT PERRY STAR REAL ESTATE ~ Tuesd November 28, 1989 -- Mortgage renewal (From page 4) mula and is usually set monthly. The advantage of a VRM is that any time the interest rate drops, you im- mediately benefit from the lower rate. As soon as the rate decreases, even though your payments are kept at the same level, your outstanding balance will decrease. The major disadvantage of a VRM is that if interest rates go up and stay up your mortgage payments will eventually increase accor- dingly and you may face financial hardship. Another option available is partial yearly prepay- ment. Many borrowers take advantage of prepaying part of the principal each anniversary date during the term. When it comes time to renew the mortgage, even if the interest rates are higher you may have reduced your principal enough that you do not face high monthly payments. This article is provided by the Ontario Real Estate Association (OREA) for the benefit of consumers in the real estate market. REAL ESTATE DEADLINES To meet the deadline for the Port Perry Star special Real Estate Section, commencin Oct. 31 all real estate listings must be in the Star of- fice by 5:00 P.M. Thursday preced- ing publication. This deadline applies to private advertising as well as agents, bro- kers and real estate companies. Thanks for your co-operation. PORT PERRY PLAZA (a16) 985-9777 FAX 985-9161 Member Oshawa & District Real Estate Board Member Lindsay & District Real Estate Board -- and -- All Points Relocation A referral network of Independent Brokers Across Canada and the United States id FRALICKS BEACH, PORT PERRY. Cozy 2 bedroom waterfront home, fully winterized, walkout from kitchen, living room with fireplace and dining room with walkout. Super lot 125 x 150, finished garage with bar/lounge area, airtight. Priced to sell $234,900. NESTLETON - New Finished family room, J acre lot. Just in time ing $209,900. & 3 bedroom sidesplit level. fireplace, 2 car garage, large to pick your own colours. Ask- 'WATERFRONT HOME - SCUGOG ISLAND. 2 bedroom contemporary style home with cathedral ceilings, brick fireplace, large windows afford an ex- ceptional view of the lake, full basement with walkout toward the lake, private area with lots of trees. Listed at $199,000. 3 BEDROOM aluminum clad bungalow on 1 acre lot. * Finished basement with walkout to ground level. Walk to all amenities WILLIAMS POINT ROAD. Building lot just over 2 in Sunderland. $179,900. acre. Property abuts shoreline. Asking $59,900. CHUCK WILLES Res. 985-7032 Res. 985-0606 Res. 986-0911 Res. (705) 357-2193 "ALLAN BERTRAND (HANK) ... Res. 985-3680 CLIFF CROWELL BILL RAE Res. 985-7871 Res. (705) 786-2185 COCHRANE ST., PORT PERRY - 5 bedroom older Victorian home, centre hall plan, completely renovated home with large kitchen, separate dining room, brick fireplace in living room, and den, private yard with interlocking brick patio and deck with gazebo, new high efficiency furnace. Listed at $289,900. ' CAWKERS €REEK. Immaculate 3 bedroom sidesplit on 2 acre fully serviced lot. This home features: main floor family room with fireplace, cen- tral vac., new F.A.G. high efficiency furnace, sunroom and inground pool. 1 block from S.A. Cawker School. Priced to sell at $259,900. PORT PERRY. THIS HOME COMES WITH THE WORKS. 4 bedrooms, circular oak staircase, main floor family room with fireplace, large eat-in kitchen with walkout to deck. All draperies and appliances are included. Shows to perfection. Asking $295,000. vw REDUCED $20,000. PORT PERRY WEST. Country Executive Custom Built Home. Large eat-in kitchen with breakfast nook, main floor family room with oak floors and fireplace, master ensuite has whirlpool, separate formal dining room and living room, high, bright basement, oversized 2 car garage. On nearly 2 acres with view for miles. Mature trees border the property. Asking $369,000. td "i 1 PORT PERRY - IDEAL STARTER HOME. 3 bedrooms, living/dining area with fireplace, bright kitchen, remodelled, new carpets, doors, new roof, soffets 8 eaves, detached garage, mature lot 60 x 162. Prices to sell at $185,900. Immediate possession. Call 985-9777. GREENBANK - 3 acre building lot with view for miles, pond site. Priced right at $209,000. Call 985-9777. er FIVE RULES TO LIVE BY 1. NEVER - check your gas tank by lighting a match. 2. NEVER - pet a strange dog. 3. NEVER - try to beat a train to a crossing. 4. NEVER - check a wire for live voltage with your bare hand. 5. NEVER - try to save money by not advertising your business. In today's market place, you need to tell your customers that you want their business. Newpaper advertising is the most efficient and economical medium for getting your message out to your primary market. Your Home Town Market. If you would like more information about newspaper advertising call the Port Perry Star at 985-7383 OA. fr/ Real Estate Limited, Realtor 985-8041 139 QUEEN STREET, UNIT 2 -- PORT PERRY -- WANT TO BE YOUR OWN BOSS? Fully equipped Pet Shop and Grooming Centre in Port Perry, show- ing excellent return. Complete details by calling Marj Tripp 985-8041 or 985-7606 Res. LOOKING FOR A STARTER YOU CAN STOP HERE . 4 bedroom home in small hamlet. Finished basement with woodstove. Vendors have done all the work! New carpets, drywall, windows, basement and roof 2 years new! Must sell - vendor transferred! $145,000. Call Ann Beacock 985-8041 or 985-3693 Res. PORT PERRY IN TOWN - 6 bedroom bungalow on a lot of approx. 110 x 150 feet. Home features 3 kit- chens, 3 baths, 3 fireplaces, partially finished base- ment with separate entrance. Single detached garage. In-law potential. $212,000. Call Ann Beacoc 985-8041 or 985-3693 Res. J NESTLETON - 3% acre building lot with new drilled well - $99,000. Sr PORT PERRY - Fantastic view from this im- macvulate, tastefully decorated brick bungalow. Three bedrooms with facilities for fourth. Recrea- tion lounge professionally finished in oak, wet bar, oak floors, leaded windows, woodstove, pool table negotiable. Garage with electronic opener. Hobby barn with loft. Large lot - Listed at $216,900. Call Marj Tripp 985-8041 or 985-7606 Res. WANTED - | have several purchasers looking for homes in and close to Port Perry. Large lots, dining room and garage in the over $200,000 price bracket. Please feel free to call Marj Tripp if you are think- ing of selling such a home at 985-8041 or 985-7606 Res. WATERFRONT COTTAGE - Neat as a pin inside and out. See it at $159,900 and compare. Call Ann Beacock 985-8041 or 985-3693 Res. BUILDING LOT - 100 x 200, community water, lake access, Port Perry area. $65,500. Call Marj Tripp at 985-8041 or 985-7606 Res. STARTER HOME ON A GREAT LOT 130 X 144 Lots of potential for enlargement. See it today at $126,900. Make an offer. Must be sold now. Call Marj Tripp at 985-8041 or 985-7606 Res.