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p2tribune may21990 tough decisions ahead for those buying or renewing buying a home or renewing a mortgage tough to decide which way to go short or long term rates today are hovering around the 13 34 per cent with many well known economic specialists differing in opinion as to when we may expect a breakiin higher rates the general predictions seem to be that rates may drop during the third quarter and end of 1990 to settle somewhere in the 11 to 1 1 12 per cent range these predictions are supported by the theory that a soft housing market and a decline in housing starts will force mortgage rates down ask your real estate broker the number of houses for sale in the toronto area has almost doubled since last year undoubtedly we aire in a buyers market prices are attractive and a good case can be made for buying a home well predictions are rates coming down a good time to buy but what bout arranging financing back to the question what term the mortgage industry is very competitive arid many new bells and whistles arebeing added to mortgages to give the consumer the advantage in a rising rate market firstline trust has just introduced a new mortgage package called mom multiple option mortgage this new product has been designed to accommodate those mortgagors who are reluctant to commit to a long term product due to a fear of locking into high rates when they believe that rates are at a temporary peak this mortgage gives them the security of a long term rate yet all the benefits available on a shorter term mortgage the bells and whistles are simple the mortgage is for a five year term and set at current rates however the mortgagor will have the option of resetting the mortgage interest rate and extending the term to a new five year any time during the following periods last week of the 6th 9th or 12 month this option is conditional upon the reset rate being a rate which is at least 125 per cent below the face rate on the existing mortgage this option can be exercised at no cost to mortgagor this new mom multiple option mortgage along with the arm adjustable rate mortgage are two mortgage products that offer the greatest flexibility to the mortgagor at present firstline trust through its mortgage centre is offering a no charge transfer program for both of these products firstline will absorb legal appraisal and application fee to qualified purchases so if you are not sure short or long term it may pay you to shop around and see what flexible mortgage plans may suit your individual mortgage requirements george miller is franchiseebroker of the mortgage centre firstline markham arid any further information can be obtained by calling 9406007 industrial commercial investment t a connell real estate limited 1033 mcnicoll avenue scarborough 4971011 for lease mls royal crest business centre warden1 4th aven ue 885 2500 sq ft 100 turnkey finish competitive package 130 160 konrad cres woodbine1 4th avenue 2335 to 4025 sq ft 1 8 clear drive in truck level doors new prestigious industrial multiples 620 alden road108 warden1 4th ave 7257 sqft 60 airconditioned office truck level door floor to ceiling windows 3 sides immediate possession for more information on these and other available sites please call sor socio of imdustnial 3 0trci r atlo5 sales representatives anne connell steve george 4971011 mortgage centre jr firstline shop and compare we can help malcolm dsouza milliken gilles lorraine old markam uijay patel manhattan kapil patel markham georae miller old unionville erik epp stouffvilleuxbridqe 9406007 george miller tojanoal services inc uinewbfrnmoftkflmukiicfflqaceneiworr msttime buyer invester 239000 separate basement apt rented v gleaming s hardwood floors v deep 1 40 ft lot v 1 2 x 20 ft deck v 3 bedrooms up v house freshly painted v near public transit subway eva morrison or earl atkinson sales reps rtgage centre w firstline mortgage savings lnjo roqt no hassle mortgage lvuol transfers average market savings of 50000 rfst adjustable rate mortgages in todays market 5 year fully open mortgages available free inhome consultations call now 9406007 offer valid only until june 790- george miller financial services an independant member of the first line mortgage network 11 ejiliee imc real estate i nc realtor condominium residences chelsea 158900 coventry 211900 bristol 224900 mayfair corner unit 247900 hampton green pagrtar wg 2 raymerville dr call mr davis 4924163 or 3775290 this 789 sq ft 1 bedroom with 4 piece ensuite bath was designed for those who cherish living rather than cleaning with a restful view of a forested landscape the suite exudes tranquility for your peace of mind locker included if a peaceful view away from the fastpaced craziness of city iving is what you desire imagine yourself gazing into the serenity of your own forest with its 2 bedroom plus 4 piece ensuite located on either side of the liv ingdining area this suites unique design win flatter your needto be satisfied the superior upgrades in this 1256 sq ft 2 bedroom 2 bathroom suite with balcony makes this gem a real prize to covet the impeccably finished upgrades include hardwood floors jacuzzi and shower the suite is located at the penthouse level and has a spectacular western view this superb 2 bedroom 2 bath 1286 sq ft suite is stratigicaly located with a marvelous l visnbelt view off your balcony and solarium beautifully aclqvr ne upgrades include 5 topbne ap pliances verticles mirrio doors ceramic tiles brass switch plates builtin shelving arid locker offers you a host of outstanding fitness and leisure facmes to enjoy a heated indoor pool overlooking a sunfsed terrace renowned euro pean equipment specially designed for people 50 and better theres a biard room craft and hobby room party room and private ibrary even guest suites for visiting famly and friends and for your outdoor life hampton green features a tennis court shuffleboard barbeque and picnic area and a charming gazebo al amidst the natural beauty of mature shrubbery trees and manicured lawns each corkjominium includes ensuite laundry with parking and butt in drshwashec pets are a welcome addition to your famly no elephants please w wm wmm m gggy