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"A Family Tradition for 125 Years" 2l lle LL | [J 181 Kent Street West Lindsay, Ontario Bus. (705) 324-4555 Res. (705) 324-6094 Mobile (705) 878-2010 WATERFRONT HOME 2400 sq.ft on 2 floors with walkout to 100' shoreline. Sauna & many extras - suitable for in- law suite. $329,000. MLS4584 100' WATERFRONT O'Reilly Lane - 4 bedrooms with new oak kitchen - good swimming. $139,000. MLS4571 POWER OF SALE ge... 2200 sq. ft. plus finished basement on 1 acre. Custom & built. MUST BE SOLD! MLS4462 180 COULTER DR. PONTYPOOL 3+ 1 bedroom home - backs onto rivate wooded area . . Immaculate. $177,900. MLS4653 ... COMMERCIAL ZONING lh Sunderland main street. Work from your home address. $149,000. MLS4657 Canada Mortgage and Housing Corporation {CMHC]). Borrowers must pay an application fee to CMHC {which usually in- cludes the cost of a proper- ty appraisal} and an insu- rance premium {which is usually added to the prin- cipal amount of the mort- gage, although it may be paid in cash}. NHA mort- gages are usually high- ratio mortgages. Terms and conditions The actual number of years that it will take to repay a mortgage loan in full is called the amortiza- tion period, which may be up to 25 years. The term of the mortgage is the period for which the interest rate as well as other conditions of the mortgage are fixed. To help you create the mortgage that is best for you, financial institutions offer a wide range of op- tions and features: An open mortgage al- lows the borrower to repay the debt more quickly than specified, usually without prepayment charges. A closed mort- gage does not provide for prepayment prior to ma- turity. In most situations, the lender will permit pre- payment but may levy a charge for doing so. A number of prepay- ment options let you pre- pay your mortgage in full or in part at any time, without interest penalty. A clause in the mortgage agreement specifies when and how prepayments may be made. With a fixed-rate mort- gage, the rate of interest is fixed for a specific period of time {the term}. Terms of up to seven years, or even longer, are available from some lenders. With a variable-rate or floating- rate mortgage, the rate of interest changes as mon- ey-market conditions change {usually not more than once a month}. The "PORT PERRY PLAZA 416) 985-9777 FAX 985-9161 Member Oshawa & District Real Estate Board Member Lindsay & District Real Estate Board SCUGOG ISLAND - Starter or Retirement home. 3 bedroom and partly finished basement plus 1-1/2 car attached garage. Lovely 75 x 200' lot, treed and private access to water nearby. Asking $144,900. TE SG A SB I a MARY STREET, PORT PERRY - two bedroom older home in good condition. Centre hall plan, large eat-in kitchen, separate family room, formal dining area. Porch and large mature lot. ADDED PLUS - This property has commercial C3 uses. Quick possession. Listed at $199,900. ad NEW LISTING LOCATED AT WASHBURN ISLAND - New home condition - both levels finished with rec room, oak kitchen cabinets, 2 walkouts, 2 car attached garage and lake access close by. Asking $129,900. Call now! PRINCE ALBERT - EXCELLENT BUILDING LOTS - 76 x 313". Greenbelt near golf course and schools, municipal water, all levies paid. Check this price -- $99,500. each. Terms available. Call 985-9777. monthly payment usually stays the same for a speci- fied period, but the amount applied toward the principal will vary ac- cording to the change (if any) in the rate of inter- est. ) Payment options let you choose how frequently you prefer to pay your mort- gage installments - week- ly, bi-weekly, semi- monthly or monthly. The option you choose can mean considerable sav- ings on the cost of your mortgage. Most financial institu- tions offer mortgage life insurance. Premiums are based on your age and on the amount of your mort- gage when you apply for coverage. The cost can be added to the mortgage in- stallment. If you are buy- ing a new home, coverage will usually begin when your mortgage applica- tion 1s approved, even though your house may not be completed. Joint life insurance coverage is available. Mortgage disa- bility insurance is also available, which can cover your mortgage payment if you are unable to perform your usual job due to acci- dentorillness. In the last year of your term, you can renew your Now is the time to buy a new home From Page 1 A National Housing Act (NHA} mortgage is in- sured against default by may be charged an early renewal fee and the inter- est rate differential. Before you even start looking for a home, you may obtain a pre- approved mortgage confir- mation. This guarantees your mortgage financing and your rate for a speci- fied number of days. Pre- approved mortgage fi- nancing is simple to ar- range and costs nothing. The final terms and the mortgage amount will be based on a satisfactory property appraisal. If you're buying a new home, you can sometimes arrange for cap-rate fi- nancing through your builder. This guarantees your mortgage rate from the time your mortgage is approved, even if your house has not yet been completed. In this way, you can be protected against increases in inter- est rates, yet benefit from any reductions made prior to closing. Make a wise invest- ment! Contact your finan- cial institution, your builder and your lawyer for more information about new home financ- ing. 2 PLUS 1 BEDROOM HOME ON LARGE LOT OVERLOOKING LAKE SCUGOG - Short walk to sandy beach. This home has many recent improvements: upgraded insulation, new pine kitchen with eat-in bar, new flooring. Airtight stove in family room and walkout to deck & above ground pool. A pleasure to show!! Reduced to $124,900. 1/2 storey - 3 bedrooms - plaster wall construction - large sunroom with western exposure. Property also has a 2 car detached garage and a 2 stall horse barn. Asking $119,900. Call for appointment. NZ WATERFRONT HOME WITH ACCESS TO TRENT CANAL SYSTEM - 3 bedroom upgraded bungalow that features new kitchen, walkout from dining room to large deck, large master bedroom with walkout, rec room with bar and airtight stove, new electric furnace. Mature 134 x 400' lot. Drastically reduced to $229,000. Located in Seagrave. PRIME AREA IN PORT PERRY - 2 bedroom home with detached garage, workshop. Ideal residence plus commercial business. Adjoining properties can be purchased. Asking $199,000. This is value PLUS in todays market!!! JOHN TAIT... remhan aaah sa penne oR Res. 985-8630 BRETT LAYCOE...................... Res. 985-9059 MARY WILSON....................... Res. 985-2235 JUDIHEWITT Res. 985-4015 ALLAN BERTRAND {HANK}. ....Res. 985-3680 CLIFF CROWELL... ...... Res. 985-7871 BILLRAE.......................... Res. {705} 736-2185 CHUCK WILLES....................... Res. 985-7032 YVONNE BURNETT .................. Res. 986-0911 "oo. mortgage early to take ad- vantage of the rates. This mortgage rate protection is useful if you expect in- terest rates to rise. Except for open mortgages, you REAL ESTATE BY AUCTION Sat., April 18th, 1992 J 11 A.M. 1 mile south of Cameron on Highway #35. PATRICK O'REILLY Watch for Sign. Sales Rep /Auctioneer Starter Home in excellent condition with highway location and commercial potential. Furnishings and appliances are negotiable. | Listing Price Only $89,900. od MLS. BOOK YOUR PROPERTY SALE NOWI CASH OFFER! 30 DAY CLOSING]! WASHBURN ISLAND Immaculate 3 bedroom bungalow with fully finished basement that could be in-law suite, single car garage with workshop. Contact Pat O'Reilly, sales rep. at 878- 0500 days or 324-9677 ------ evenings. O'REILLY LANE - $138,900. 3 bedroom All Brick Bungalow overlooking Lake Scugog. Walkout to patio, { main floor laundry, double car garage. Contact Pat O'Reilly, "4 sales rep. at 878-0500 days = or 324-9677 evenings. NEW HOMES - O'REILLY LANE 1/2 Acre Lots overlooking Lake Scugog. Brick and Aluminum construction. 1 car garage. 90 day possession! 1600 sq.ft. Backsplit ~~ $129,900. 1133 sq. ft. Bungalow $119,900. Only 35 Minutes to Oshawa - 10 Minutes to Lindsay. Pre- approved Financing up to 95% through Canada Trust O.A.C. Contact Pat O'Reilly, sales rep. at 878-0500 office or 324-9677 res. Canada Trust/Lindsay Realty Inc. 1-705-878-0500 (off) 1-705-324-9677 (ava.) . . |. . EIT --