Ontario Community Newspapers

Canadian Champion (Milton, ON), 4 Dec 1996, p. 22

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A2-haCa~n tiuço.WMiMadMy. DMeMnai 4. 19M Don't forget'closing costs when buying a home Despie the low, Iow cosi oft buying a home and caoryen& a mnongage Iliese days. you sliould keep in mind -closing cos in addition qcoyour dloin paymni*t for liai drcamt home Thce, various charges can add op. and lox the moui pail tliey arc ail Iegally requird Payrnents in huying a pflqierty. tiere is a ltut ofl most of >mur mtajor-c kmuing c i -Lagal fîtes: Since à lassycr is ami essential part ot your hmm*nmehsu msg Ieam. lie work pro- vided involves tees MOSI legal tees include searching thei talle ofth[le pupery. arrangîng a PinipertY survey if recessasy and liandling other dish.arsemnerit am required. - Morogg Insuranceanmd application foie Fomr any higli ratio nmaegagî, whicl i 1 any mbortgage mn wlicli 75 or miore piet cent ot lthe bousesý purcliase price mu cowseed by moiegage. lie lendier requmes morigage insurance. *Mort~ag bralte fée: A motngage bro- ke will cliarge à tee te set Up a mm "gq fur you. ln somne cases tle tee may lin tcludéd wtli lthe legal fées if your, lawyer inoges ie nmgage. ceai nchmded mn the leiideei tees if you deal diecl iîl a letider sucli as a hmnk. ,Job Lou, Molgagé Inaîam: This job kmss insurance plan will lake cavi mof your rm gage paymenîs for up to 12 monihs if yîîu should fuse your Jimfl Your Reakirr lia% ail the details. * PrOPati n$ueWm: Tis insurance envees dit riplacien value ot Your honti ai ls con- tenta. Mo-9i mongagi lnrs seul remiue prtotf lIai YOu liave this itisurance hilare prucSsong a mrilgage. * Nom. lnmpmclort A protesseontal home inspectai knowvs whli tru looîk mme and cari con- lires or add to lthe ififormaijo vîuse glcanid front the Realmr or ymmur mnspecumon. Basic e sec CLOSING COSTP on popm AE3 ,44 lnu la comweg teputaàUaltInq aId Sm,$ hat de wu CIO, * a aie U.m Bkovooui*i,m &Me rm*d ewct lm ed lt. oegiak Cd nmim au, 1-miao Offne Wtd mý Dm -.ivmvleuenew xl rlrecae,mr Cd smisu as i Rn lim It mert e mm M, $ld.o lot OiSN U ? leeN, te f« a,«m del.. 010 iMW $149,900tsvihW $S114900 $99900 »Ti fr Mor dm nPN4 ut i~~imS~ ~ tu #« 0 uobmm o Squae fme -lr wOC los Rem l ftle wfte w*

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