Ontario Community Newspapers

Waterloo Chronicle (Waterloo, On1868), 30 May 2012, p. 16

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is-wsreauxiuramoua-w May as. an: ' D Choosmg a mortgage comes down to what s best for you There are many 'ilmm.‘ you think. There is no single right com ofCanadians have choâ€" payment. ‘maybe it 's time to purchase answer to this question. sen filed late mortgages. Among other considera- ways tofind the my first home or trade up to The question you have to tions. your choice should ‘ right mortgage a larger home.” answer is. “Which option is “new depend on your tolerance \] i i \ I \ . Those can be big steps most suited to my needs?“ Variable rate mortgages for risk and a survey of Prowl“ that WI" with long~term financial are usually available at a options beyond conven- fit your tolerance implications. and you could Find raseasortnea lower interest rate than tional mortgages including: . end up payingalot more for Fixed rate mortgages fixed rate mortgages. at for "5k and save that new home than you offer the security of a least initially. but the inter- “Mr-tow 5* " you money bargained for by making a locked-in interest rate for est rate is linked to the Bank Blended rate mortgages , less than optimal mortgage the term you choose, typi- of Canada's prime rate and which offer a combination ith a cumm range choice. sally flveyears. fluctuates with it. of both fixed and variable of approximately So. let's get you going in They provide peace of That could mean rate financing a split-rate 2.5 per gem to four the right. and most cost mind and predictable budg- decreases or increases in structure that combines the 1 plus per cent. mortgage effective. direction with this et management because the rate you pay over the benefits and risks of each \ rates for residential real basic mortgage info: you know exactly what your term you select, and a cor- typeofmortgage. l estate are still at or near his- mortgage payment will be responding impact on both mm. lows across Canada. What's best â€" fixed rate for the length of the term. total interest costs and the “on" «variable? Approximately 66 per amount of your mortgage m RUSS ° Mortgage preâ€" » s J'Tw‘fl‘i. approval is often MCEACHNIE a?” * V encouraged by real “I" 5 _ : ”2:23: ‘5 5. «5. estate agents because a ( ~ "“ y “if” ". - ' “"~ having your mortgage static? change or there is a “it a "3‘"';j;«., f; a 52 financing firmly in signi Icant interest rate 5%“); ’7 “’4“: 1"“; ‘ ‘ 9 . place indicates to increaseatrenewaltimet Ԥ ‘ T‘ ’WN 5:53.; ’ g x V prospective sellers Don't over-mortgage $1., , :~- ;;". . that you are a serious yourfuture. f; * ' V f"? ‘ . buyer. 'l‘alkto your professional f,» 5“ Mi «*1 jg?” , 5, V Be aware that the planner about the best *4? ' 4r , Q I mortgage lender will choice for you based on T "" 2:35;... . probably pre-approve your personal financial B"(W-'11:" , you for the largest objectives and your overall 5 ' V ‘ \‘\~\\_ 5 .gk‘fffl‘» ’ 5 possible mortgage financial plan. ' \‘g’ " ‘ l . -. ’ “T “ €355; '. W "‘ H ‘ amourgmand wfhen ‘ ; «..;_ ' V < , ., ' A ~ 53.3, you're pping or a no 1 /’ w “K " ‘ i ’ ’ 3 57-" 51; . home. you may get Miscolwnnisprwidedby ' , 1-55 a s = gr, ., caught in the trap of McFAchnieGmupPrimte 33, ' ' ’“\ ‘ f 55 11:35; - ' stretching your Wealth Mawment. ,; as } 5“ “ f; %s finances to the maxi- ContactRussMcEachnie, 5 {gig-55”, ,, , g ' _. MES}, 1;â€" mum. It could put CFRCPG¢CDFAar ; ‘ . 5,3» l l guem , your mum finances srsaasaxamznorgo E 9 '1 has?» “2 '5. to“. ‘ 7 . " ' ' "7‘. C _, at risk “your circum- towarmssmcmdtniewm ; -. 4:353} 3:? 3." . , r . T - t nfirm ' 0t) l a; .3" â€" , H , a“ it; arge C0 S l S , . 9"; ' ‘ ° : «it . , . commg to Waterloo ; - ‘ 453.5“; mm FIG amnion-v rm“ ' - Target Corporation million to $11 millionwill , ' ‘ "km '3 4 w “I .. 9;. . confirmed lastweek that be invested to remodel 3‘ 935:» g: :2" VI "I. VI "I ' ‘ 5”“ ,5 *. Conestoga Mail will be each store in order to 532““ "‘ " ‘ ‘ ”‘ “wt M ~. 2 a: home toa future Target bring the full Target 3:4. “It a; . sud "on; a sad m ”c ':" , .‘ “ '1 location by the winter of brand experience to >937” i :3? ' 5 ’ 1 ' (“PM , . . Steel - .. 2013. As previously Canadiancommrmitiea 3’9 "fits; if g . 8 W ”a.” . :5. l .g :1 ' , ,_ announced. Target pur- The Waterloo store $1; . . ‘ ' ° United 44813 g m; 3 A ' chased the leasehold willernployappmsimateâ€" {523. . We: 1 . . 7 Glens ‘ lea-hand out“ j" j intermintheConestoga lyISOtoZOOpeopleand [39“ if ’73”: ' Wm M JFK. «~- 33 ' ' , Mall site. which is cur- hiringwillbedn ln2013. g3” ' .. l, " ”$401 an”. 5 ' 5 5. l " ‘ : ‘ rentiyoperared byZeliers Interested job appli- “$29: '_ 5 Z . 22:5. 1' Inc. cants can visit MAJ-5357'. 35,. 2 , u.- 531:1; ~ ‘ ’ Approximately $10 wwaargetcalcareers. 25% Mum: V ‘ 5 x - r u w s: 5' a; A}. 1'" » _~ ,5,“ ‘ g 3 \ - | l J sâ€"l wng’;fg,»5 .5 :0 . 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