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4The Barrie Examiner Saturda Ma I976 Spring Tonic For An Upset Budget Classified Ads 7282414 SMART FOLKS EVERYWHERE READ THIS PAGE FOR VALUES IN THE HOME OFFICE AND ON THE FARM IS THERE HOME IN YOUR FUTURE umofifing axpexuance UNDERSTANDING MORTGAGE TERMS MORTGAGEa mortgage loantransaction is onein which an amount of money is borrowed and promise to pay is given As additional security for the loan the borrower gives the lender con veyance or charge on the borrowers property or real estate MORTGAGEE the lender he lends the money and receives the mortgage as collateral Re member there are es in both lender and Mort gagee MORTGAGOR the borrower he receives the money and it is he the owner ofthe property who gives the mortgage COVENANTlegal promise or agreement over sig nature PRINCIPAL SUM the original am0unt of money b0rrowed TERM the actual length oftimetheoriginal loan is in effect Generally years but may be longer or shorter MATURITY DATE the final day of the term on which any unpaid balance of the mortgage loan is due and payable to the mortgagee in full Al though frequently renewed or refinanced on that date AMORTIZATIONa repayment schedule by series of periodic payments Generally used in referring to blended monthly payments of principal and interest calculated to retire the loan over specified period of time ie 20 year 25 years etc Published in the interest of the community by your local Real Estate Board In co operation wrrh the Canadian Real Estate RealtoR Assomation REAL ESTATE PROPERTIES tortsqu NOTICE deadline for classified word ads 79 BAYFIELD ST BARRIE umqumg expetxence YOUR DREAM HOME Can you afford your dream home Probably not but very few people can afford their dream projects immediately But when you are looking at the facts of home ownership being realistic about what you would like and what you can afford may make ownership feasible sooner Have you the flexrbility to buy what you can afford now as the first step in obtaining your dream home in the future Would the home you consider today as the dream home be the one you might select five or ten years from today Historically the path to the dream home was one of growth and learning Acquiring what one could afford and refining the ideas ofwhat would be included in the dream home was part of that pro cess It is agreeable to think of the possibility of moving forward to the dream home faster but tailoring the dream to the measure of income and life style is important Should you decide to attempt to own the dream home as the first home contemplate what might have to be given up for while and be certain that you can follow through with your decisions Whatever your dream home might represent to you starting With what you can afford or almost afford is surer route to obtaining it Published in the interest of the community by your local Real Estate Board in co operation With the Canadian Real Estate Assocration Realtok miiriiirfsriirr lROIERTIES FOR SALE WESTWDUD rim ism DIAL 7282414 FOR THE CLASSIFIED DEPARTMENT PROPERTIES FOR SALE REAL ESTATE ON LAKE SIMCO PROPERTY FOR SALE ters aradise Cruise Lake Simcoe from your own back gardenNo gtooare marPina charges with your own back garden moorings City of Oriiha services minutes from downtown LAKESIDE GARDEN ESTATES DETACHED HOMES from $58900 WOODED LOTS PHONE 7261405 pm previous day APPRAISALS MORTGAGES noon Saturday CAIRNS LTD PRESTIGE HOMES IN TOLLENDAL WOODS LIMITED PHOTO MULTIPLE LISTING SERVICE unit ANGUS BUNGALOW Located in new subdivision on quiet crescent This three bedroom bungalow has full basement builtin dishwasher mortgage that carries for only $234 month make this ho good value Price only $40900 Call Jim ONeil 4246711 NEW LOWELL AREA bedroom bungalow on lot 52 I98 with 2300 sq ft of finished living area baths carport patio doors in master bedroom with walkout to 80 sun clock 10 20 cement patio electric heat dishwasher and some drapes Taxes about $500 Priced very reasonable with many extras Phone Pat ONeil 42467l COLLINGWOOD Good starter home bedroom bungalow close to school pool and playground priced to sell at only $32000 Call Edna Whyto home 4454516 olllce 4245550 Spacious wooded lot to choose from Accoss to Kempenfelt Bay through subdivision park Less than mile to GO train 02 marinas in the Immediate vicinity FEATURING CANAL FRONT LOTS bilirta Skiing hoosc from with various elevations and roof styles HSnoumo mode Ftisitiing at your doorstep Comtrumcd to Gold Molal ion standouts Fully sodded lots with paved drives Good selection still available for late August occupancy bedroom bungalow and storeys NEW LOWELL Call Anytime 4245550 Westwood Realty limited DROP IN AND SEE US ANYTIME Just 20 Minutes North of Barrie FURNISHED MODELS OPEN DAILY 11 AM TO DUSK oanLrA 3259811 tolicw signs trom Hwy 11 and West St Timv mu IlW it THE LVNVIOOD $104900 281 SO Fl OTHER PRICES FROM $96900 For additional information PLEASE CALL John Faye or Peter Birrell 7370302 For Best Results Examiner Want Ads