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V The following information has been completion, when the parties involved the lender takes possession and ownership interestratechanges in relationship to fluc-TI supplied by the Ontario Real Estate agree that all legal and financial obliga- of a property when the borrower doesn’t mating market interest rates. If mortgage V Association for the benefit of the home- tions have been met‘and the deed to the meet the mortgage obligations. rates go up, a larger portion of the payment“, ' buying public. property is transferred from the seller to . Title Search: A detailed examination of goes to interest. If rates go down, a larger l Buy-down: When the seller reduces the the buyer. _ the ownership documents to ensure there , portion of the payment is applied to the i interest rate on a mortgage by paying the Equity: The difference between the are no liens or other encumbrances on the principal. difference between the reduced rate and price for which a property can be sold and property, and no questions regarding the Vendor Take-Back Mortgage: When I market rate directly to the lender or to the the mortgage(s) on the property. Equity is seller’s ownership claim. sellers use their equity in a property to pro- ; purchaser. - the owner’s “stake” in a property. Variable Rate Mortgage: A mortgage vide some or all of the mortgage financing i Closing: The real estate transaction’ s Foreclosure: A legal process by which for which payments are fixed, but whose in orderto sell the property. Feature Home COUNTRYINTHE SUBURBS ,V ' \r. . i "I'll " "In“ I" 3211akeshoreRdE, Cape Cod 4-bedroom, » REALESTATE A Pl“i“%"l ; _ main aIne ome. I w. H. BOSLEY CO._LTD. REALTOR Oakville 845-350 $309,900 l MILLIE KEOHAN* FAVOUREDBAISAM Lge. rrns., hrdwd. firs. Lovely gar- den, 2+1 bdrrns. $339, 000. GILLIAN COCKCROFI" . HISl‘ORICAREA _ CUI‘ECOUNTRY BURLINGTON BUY ‘ SPECTACUIARSEI'IWG Elegant, tasteful, 5-bdrm., Burlington. 3-bdrm., eat-in kit, Charming decor, large master lncredble renov Excellemtraliic pattern Mn new gar. updated. $499,000. sep. gar., tam. rm. $165,500. with ensuite. $149, 900. llr. fern. rm. $589, 900. GILLIAN COCKCROFI" ' GILLIAN COCKCROFI" SUSAN SALTER' VERONICA KOEHLER” - "' -' " ’ , ' = EXCEPI‘IONALSUI’I‘E ' MODEL HOMEPEREECI‘ , SOIARIllM-IM‘ERRACE ROOMSWlTHAVIEWl Large fennel rooms. Ground-level Just move in and en joyl Fenced yard. 3-bdrm. link on mature lot. Granary n. suite â€" 2 bdrrns. The Granaryâ€" Exec. condo w/many street access. $324,900. Family rm. etc. etc $164, 900. Finished basement. $168,500. 2 baths â€" ntown. $379,900. special features. See it now. $339 000. VERONICA KOEHLER" SUSAN SALTER' ' SYLVIA BOTl'RELL‘ » CAROL ROGERS‘ CAROL ROGERS‘ 33/4ACRFsmNED FORCHURCH, . VET, VEI‘. HOSPITAL, FOR SALE SFABIIE no Seflgfiwfimfignm + super 17 ac. land holding. $1,395,000. Q.E.W. VISIbIlIty (o posrte MARION “new” Ford Plant-Oakville. Stable VALUE PACKED CONDO $178,900SPECIAL 78ACRE PARADISE 2-bdrm., den, iakeviews, balcony+ 3+ bdrms., garage, spa, gas fire- Ravineâ€"streamâ€"trees. Great and large bungalow on WWW much more. $229,900. place + much more. homesite. $339,000. property. $649,000. 9,300 sq. ft. on cmnweu Rd. * $790,000. DAVID PAPPLE‘ DAVID PAPPLE' DAVID PAPPLE‘ SHARON BARKLEY DON RUTLEDGE' TWO BUIIDINGS 3,750 sq. ft. in front 3,500 sq. it. In rear. $325,000. ‘ DON RUTLEDGE' FOR LEASE METAL-DOWNTOWNOAKVIUE 345:0 1,2qu. hJcrlease. MILLIE KEOHAN' JUST LISTED ' INBRONTE Executive two-storey family home, 3,605 sq. ft. 4 bedrooms, many upgrades, decorator, BRON’IE LAKEVIEWS! MOVE-IN CONDITION ‘Large 3-bdrm. condo 3-bdrrn. Townhome. Fam. rm., Great location, ravine setting. 4- bacsgggg gggark 55010 3.3% fiwfim with View! $269,900. 2 FPS, tennis+++ $299,000. bdrm Iarge renov kit $264,900. . - on,” we, ANNE u. cIIONe- ANNE M. CHONG' MARGARET DYNE’ SHARON BARKLEY“ MILLIE KEOHAN' - WRAP-AROUND WINDOW 1,100 sq. ft. renovated building. MILLIE KEOHAN' MEDICAL PROF. SPACE 1,016 sq. ft. in building with lab. FINOLA HAYNER'I ' MILLIE KEOHAN‘ MAGchENimn ‘ EXCEPI‘IONALCHARM EXCEPI‘IONALLUMLOCATION pas-mam mo, mmgggmm Superb 1am. home, 5 bdrms., Beautiful home andp operty in 4â€"bdrrn. home In' Imp eccable 7-wcnderful family home in restigi- pafldng. Easy acoessto 05w. 3 baths, pool. $739,000. YOKA FEBERWEE' Old Oakvllle $549,000. condition. Won't last! $439, 000. one location. $749, MILLIE KEOHAN‘ YOKA FEBERWEE‘ ' YOKA FEBERWEE‘ YOKA FEBERWEE'O *Sales Representative Trusted in Real Estate Since 1928 ”Associate Broker dxepsaupoM ueneeg ’e/Lmyeo at]; :912133 may - 1. 9' M» ‘A $8