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A $200,00 home with a 10 per cent down payment and a $180,00 mortgage would cost $1,288.80 per month to carry, not including any mortgage insurance costs. As at April 4, to finance the same situation For example, generally a finanâ€" cial institution qualifies an applicant based on the 3â€"year interest rate at t eh time of application. Using a March 17 posting of rates, the 3â€"year rate was 7.25 per cent, : which means that each thousand dollars borrowed with a 25â€"year amortization period would cost $7.16 per month to serâ€" vice. Q: What effect do the interest rate hikes have on our ability to buy a home; and what can we do about it? A: The rise in interest rates has had a significant effect on the monthly cost to borrow and on one‘s ability to qualify for mortgage funds. What can homebuyers do about rising interest rates? ga 0,00?t egggt and spacuotfis approx imi yroom balcomes 2 parking spaces I $759,000 ot“rm s%e |n5|d$\,le We%aéz%t{i 229 900. Wonderful home pro 50‘ i 290. Large ?arrvfifly room plg%afi\e%or. master, new windows, new bathroom. SUE TOMPIKINS* 844â€"6061 $269,900. Chance to own %reat iece of Messciatle price cal r msrg poosl’ chan Ts acr ?rep lace. JOHNSTON DANIEL LIMITED + REALTOR oo# with interest at the threeâ€"year rate of 8.75 per cent, it would cost $1,461.60 per month. More imporâ€" tantly, the gross income required to qualify,; using a Gross Debt Service ratio of 32 per cent, would escalate from $4;030 per month to $4,570 per month, and this would not take into consideration property taxes and condominium fees, if applicable. What can we do? If you are in the market to purchase a home, now or in the near future, go to your finanâ€" cial institution or mortgage broker NOW and arrange to be prequaliâ€" fied. Mortgage prequalification will cal A service of The Oakuille, Mikon and District Real Estate Board C ~ *Â¥ 174,900. 3 Br. backsplit Bront su%t st. Larlge [ot cilosg tlo tc‘r:fingghocr)sn g shopping. Please ca _ 29, hol h ce d ie Very spacuous many supe Estate® side4 T , right, downtown, impeccable P?g'nn%omgé, 4. %aths _new tennis court with screens etc. $539,000 EDNA KING* 844â€"6061 A rare oppc')rtunity for you to go to work t never leave h downtown, 10 Xpearking spaces\,,?ove y fenced garden. EDNA KING* 844â€"6061 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 question relating to real estate â€" mail to Real Talk, c/o The Oakville Beaver, 467 Speers Rd., Oakville, L6GK 384, or fax it to The Beaver at 845â€"3085. Call 844â€"6491 for more informaâ€" Just a reminder: it costs nothing to be prequalified and it will help you to avoid disappointment later if rates should continue to rise. time and you will receive any reducâ€" tion that comes along. determine how much the bank would be prepared to lend you for the purchase of a home. At that time, you should also ask that the rate quoted to be guaranteed for as long as possible. The rate you are given will not increase for the guaranteed 1/2 Acre private lot. Super moveâ€"in 3 + Brs e. Minutes to "GO", QEW %o n Pngghec%smnt. Excel?ent%uy ?‘36 ,886.8 BEAUTIHJLQ*JAI.LBLEVET.S’ $239,000 tlon Four Bedrdo o oi Ieve fiotc)fi?\lsj; bru?lk 'rgxs/e patio eti men D. MACRAE* 844â€"6061° early new 2 Br.. Condo P repl ond. for sumn‘ler C? amgmtleé ?9 $60. o o on t L?téhen. Wworth seeinsPP?Cea'ée ca Advertising is accepted on the condition that, in the event of a typographical error, that portion of the advertising space occupied by the etroneous item, together with a reasonable allowance for signature, will not be charged for, but the balance of the advertisement will be paid for at the applicable rate. The publisher reservis the right to categorize and reject advertising. In the event of typographical error, advertising goods or services at the wrong price, goods or services may not be sold. Advertising is merely an offer to sell and may be withdrawn at any time. Produced on behalf of the Oakville, Milton and District Real Estate Board. Oakville Real Estate _ / Publisher Director of Advertising Bob Glasbey Real Estate Manager Glynis Wilmotâ€"Martin _ Published by: The Oakville Beaver 467 Speers Rd. Oakville, Ont. $399fiOOO 1$9, 3%3 MuO LéJ uggtlésr suites, Jacuzzfuhot tgb gsoa nies.. 379,000. A complete fa home right on wal io es tgtal "%Zps E9N car garage, superb pnva e lo 3 Bedroom home in ?wnt | Wgfi(out om,sro'ng loor %m:h Great for 1st time buyers. SUSAN 844â€"6061 ~©845â€"3824 Fax: 845â€"3085 oor den+F/R. Nanny suite lower LUXURY LIVING $164,900 t location. %m mily room.