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The Clarington Independent, Bowmanville, Saturday, October 29,1994 21 Buyers Turning to Job Loss Mortgage Insurance This article is provided by local Realtors and the Ontario Real Estate Association (OREA) for the benefit of consumers in the real estate market. More and more home buyers are turning to ALWAYS HOME Job Loss Mortgage Insurance to give them extra peace of mind during the home purchasing process. This special program covers up to $2,500 in monthly payments if policy holders lose their jobs or become involuntarily involuntarily laid off. Available to individuals individuals who purchase their homes through Realtors, this comprehensive coverage only costs $4.85 per $100 of monthly mortgage payments and provides, a full 12 months of coverage. coverage. ALWAYS HOME was developed through Ontario Realtors by the Ontario Ontario Real Estate Association, Pafco Insurance and Thompson, Thompson and Associates Ltd., Insurance Brokers, Brokers, just over a year ago. Extremely Favorsble Feedback The program is receiving extremely extremely favorable feedback from consumers consumers throughout the province. More than 500 policies have been taken out buy...It's nice to know it's there." ALWAYS HOME premiums can A move-up buyer is glad she opt- be paid as a lump sum when you sign ed for coverage. Not long after she up or through low monthly payments. job security is still a big question mark. "It's a good investment." ered under the program, 0 - 0 - Another policy holder said he and P a y ments 33-6 taken care of and all he his spouse probably wouldn't have has to worrv ahout are hlR nfhpr hlHc You and any joint applicant are eligible eligible if you are a Canadian resident aged 18 to 65 and have worked a minimum of 30 hours per week for the past 12 months (not necessarily with the same employer). You must also purchase your new, resale or recreational residence through an Ontario Realtor who is a member of a local real estate board. Self-employed individuals are not eligible. , For more information about this , r . employment death, disability, war or . exciting program, contact Thompson, He's glad he did. Since he's cov- participation in a criminal act, wage Thompson and Associates Ltd. 1 , toll d under the program, his mortgage reductions or a change to job sharing, free at 1-800-665-5511. and her husband purchased their home, she was laid off, "It's a very good program," she maintains. Other policy holders have also ap- ™ ™ nave uccu uulcu uui P lauded the program including a clai- by home buyers who appreciate the tuant who is now receiving benefits security it provides. under the program. He says he felt fi- ^ mvuiuinaij jvu For example, one first-time buyer nan cially secure when he purchased loss. They are not paid for resigna- said the plan had eased his mind a Lis home, but a lot of local corporate tion, regular or early retirement, great deal about his mortgage pay- " down sizing" encouraged him to strikes, maternity leave, seasonal un- ments - particularly at a time when buy some protection. Partial mortgage coverage is also available for a minimum of $600 of monthly mortgage payment for consumers consumers who may be concerned about premiums. ALWAYS HOME benefits are paid for layoff or involuntary job purchases their home when they did. In fact, they probably would have waited another six months or until the economy had become more stable. "It gave us incentive to Del's Mortgage Watch Today's Best Rate for First Mortgages. 6 Months 7.000% 4 Year 9.250% 1 Year 7.750% 5 Year 9.250% 2 Year 8.750% 7 Year 10.000% 3 Year 9.125% 10 Year 10.250% 25 year 10.900% WE ALSO ARRANGE: • Second Mortgages • Credit Lines * Personal Loans It Pays to Compare - Call 697-3300 1^ C I P A Kl FINANCIAL LTD. | Division Street ©I* fc-LtUMIN Nk MORTGAGES Bowmanville has to worry about are his other bills. "A year gives you a space of time in which you're free to look for a job," he says. In the meantime he still has his. home - a comforting base from which to organize and carry out his job search. How it Works Benefits are payable beginning two months after the date of loss of income from employment and continue continue for one month beyond the date of re-employment. - or for a total of 12 months - whichever is earlier. The program covers registered conventional or high ratio mortgages, multiple mortgages (first, second or third) and registered mortgages from institutional or private lenders. Mortgage payments (including property taxes, life and disability insurance insurance premiums when included in the regular mortgage payment) on monthly, weekly or bi-weekly schedules schedules are covered. And since ALWAYS ALWAYS HOME is not tied to any specific specific financial institution, you have the freedom to shop around for the best mortgage deal. PETER i KOWAL Real Estate Limited Broker 52 King St. W., Bowmanville Phone: (905) 623-2453 Fax: (905) 623-0136 SERVING BOWMANVILLE AND AREA SINCE 1955 The Little Office That's Big on Service YEAR ROUND HOME on Cordova Lake - minutes from Havelock and Marmora. ASKING JUST $98,000. for this spotless 2 bedroom home with custom oak kitchen, partially finished lower level with walkout, breezeway and garage. Level waterfront lot -, good boating, fishing and swimming. BUILDING LOT TRY YOUR OFFER! MIGHT ACCEPT CAR AS DOWN PAYMENT. Good building lot on Hwy. 2 at Brownsville Rd. Drilled well and driveway. 118 ft. frontage. $59,900. CALL 623-2453 FOR "KOWALITY" SERVICE. Mac McDonald Sales Rep. Mike Oxenham Sales Rep. Tom Turner Sales Rep. Elaine Kowal Sales Rep. Peter Kowal Broker Banner Passant Assoc. Broker© r cornerstone realty ltd., realtor 104 king st. e., bowmanville " Associate Brokers * Sales Representatives 428-1206 (Toronto Line) Children's Miracle Network- SPONSORED BY RE/MAX experience results! Call us First! I I ' Issi ** associate broker "Member of Remax 100% Club" Call for your FREE APPRAISAL Ann COME TO THE COUNTRY! 'PnÜKlCA Lovely all brick, 3 + 1 bedroom bungalow, finished walkout basement, detached ■ garage with basement on mature half-acre lot... $175,000. Fabulous forty acre hobby farm, just east of Orono with 5 year old, 3 bedroom log home, huge barn and other outbuildings ... $250,000. • Spacious, newly renovated brick bungalow on large mature lot, with gas heat, central air and vac, finished basement, double garage ... $189,900. George Feddema* [r FEE Attractive, nicely decorated 4 bedroom semi in good location location in Bowmanville. 4 appliances to stay. Partially finished basement. Nice back yard and paved drive. A pleasure to show. All for the price of $116,800. Call George Feddema* at Remax Cornerstone 623-6000 Vinnie Gupta* Sales Rep. 987-1709 (res.) "Your Clarington Connection" COME IOME FO CHRISTMAS Imagine sitting in front of a lovely fireplace in your family room overlooking a private ravine lot with your family at Christmas! This lovely 3 bedroom raised bungalow with in-law apartment could be yours at $159,900. Call Vinnie to view at 623-6000 24 hr. pager and don't miss out. Ron Moore* Sales Rep. 623-6000 24 hr. 623-9263 (res.) JUNIOR EXECUTIVE BEAUTY! 4 bedrooms, 3 baths, family room with fireplace and walkout + a two car garage are some of the features of this 2000 sq. ft., 2 storey home. Priced to sell at $177,500. Call for personal viewing - Ron Moore* will show you value. Call now at 623-6000 24 hr. pager. David Passant** Also: $19,500. - Power of Sale - mobile home in park. $29,900. - 50 acres with stream and beaver pond. $64,900. -2 1/2 building lot, hardwood bush. $118,900. - 2 bedroom bungalow, central location. $119,900. -2+ 1 bedrooms, quiet north end. For a market evaluation of your property call David today! DAVID PASSANT", ASSOCIATE BROKER Serving the Durham Region for over 19 Years. AFFORDABLE STARTER This 1 1/2 storey aluminum-clad aluminum-clad home consists of 4 bedrooms up, living and dining room and eat-in kitchen, 1 - 4 pc. bath and a partial basement for storage, storage, plus a large workshop for hobbies or car enthusiasts. enthusiasts. There is a fenced-in yard, all for $89,500. Please call David today! .,4 Rob Donnelly* Sales Representative 718-0388 24 HR. DIR. MOBILE SO LIN A LUXURY HOME ON 1 ACRE This luxury custom built 4 bedroom home Is a rare llnd and a pleasure to soo. Located In an exclusive area ol estate homes on a big pie-shaped acre lot. Features solid pi no and French doors, fireplace, 2 bay windows, skylight and walkout Irom bright eat-ln kitchen, oversize double car garage, heat pump and central vac. Listed at $239,900. Call today for your private viewing at 718-0388. Aubrey Crooks* FAMILY HOME WITH HUGE LOT WHEN IT'S TIME TO MOVE, IT'S TIME TO CALL DONNELLY. This two storey home has family room with fireplace, living roorrVdining room combo, new broadloom, eat-in kitchen. Two bedroom in-law apartment with separate entrance. CAC, C/Vac. List price $149,900. Call Aubrey Crooks* 623-6000 or Res. 623-1735. EXCE l;X)U LIENT ' f. 9\V T ROD DORIS** Full Time Associate Broker 623-6000 987-3400 (Res.) For professionalism at its best, call the name people recommend to friends Only minutes to Oshawa, on a 100 x 150 ft. lot, located on a quiet country road. 3 + 1 bedrooms, central air, insulated garage, finished rec room with .airtight woodstove, great neighbours. NOW REDUCED to be sold. Call Rod Doris" 623-6000 A.S.A.P. OHAHTT'IT Linda McLennan Large eat-in kitchen. Economical gas heat. Super size lot - 66' x 165'! Good area-close to schools and shopping. $118,000. Call Linda McLennan** 623-6000 Dianne Warren* aro yours when you buy this largo 2 bedroom mobile. 14' x 70' plus sun room, 3 walkouts, 3 docks, oat-in kilchon plus a dining room. Ported lor roliroos, $47,500. Call Dianne Warren* 623-6000 Toronto Line 428-1206 FOR PROFESSIONAL RESULTS THAT MOVE YOU! © Como soo mo now. 3 bedrooms, 2 baths, finished roc room, sunny oat-in kilchon with walkout to loncod yard. Now only $115,900.