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watt moo(jitItoNtCLE-iyeiinmiay. May is. soup [9 KVVG l C mm” 0 O . Dec1d1n on the n t mort a e - nateofmeweek' Guaranteed Investment Ceriiticate vehicle for you and your family °°"'"“"‘ xw-c-c mmrmmmm “HEAR" rates are (”my low “gm now and. in [his column presents general information onlyuntlt'a‘ VS. ' M many PM“ Of (anada. it‘s a my”; mark” my not it solicitation to buyor sell any intestments. Retail Bank Rates -m ngldflnm real estate. ’ Contact Russ Millie/ink (.‘Fl.’(,'&»i. (IDFA ‘subiect to one Com mes re resented b KW»GIC are covered b CDIC That may haw you thinking about purchasing your (“5149'8353350N1v 34k nge 9a 9 V y first borne or upgrading from your current abode. 279 Weber St. N., Waterloo ‘ 519-747-8123 lither way, the tirst item on yotir real estate shopping 7 list should be a solid understanding ol the mortgage i l - options available to you, ‘ H Here is some basic mortgage intoto get you going. ‘ “ “WEB 0/ Flmuclufi l \l “(I \" l Shgfldmlgommmwrgw CASH x sofifi’m” 5; if}??? ‘ 5 2 , ‘ There is no single right is; g§?§§ \l()Nh\ . answer to this question. It SAVE/GS . is 5§qi8§ _ 1 really boils down to selecting ' ‘ ‘ ‘ a E 5 giggng ‘ the option most suited to gig-6,5”- . your needs. A 9 g a 5 8 52 §§§§ i 1 Fixed rate mortgages ofier WHY PAY . 5 Ҥ g 2 5 ; g 5 a ‘ 7 l the security ofa locked»ln ii, §_§ig§§ ‘ interest rate for the term you i g f g? 8 â€"§ choose. typically one to live 2010 Hm L E §§§i SS 1 years. if a a is g ‘ Keep in mind that, when SELLING PRICE . unis-mm . 27; §§ fig ' your fixed rate mortgage $11 999 $13 30 5; a”; 4“; comes up for renewal, your , 24 g? i_ choices will be determined “mam-1 g? §. if: Li . by mortgage rates available at m % 63 3; 1§ : 5. that tiriie. ' "a... “so“. («$752,519.35 2“ a 3 ngg Variable rate mortgages may have a lower interest mun , 55 ifs fig 9§ rate thari fixedrate mortgages but the interest rate is ‘ WHY PAY MORE" ' mum-m ? $5 3 g a; linked to the prime rate and fluctuates With it. mmnmmum _ _. a; $35 That could mean decreases or increases in the rate “Mama” gig; g; 41} you pay over the term you select. and a corresponding 3°! as“ ii i iriipact on both total interest costs and the amount of 2010 m..- L3“ __ , Egg; aéggg your mortgage payment. I 25 Z . One (anadian study that examined interest rate m m, Efiga 5 ffl is data from l‘lStl to 2007 found that choosing a variable $9 999 o E: . 5 3 ;€ 25 rate mortgage over a fixed rate mortgage would have ’ m 0 m6“ m. ‘ Q~§ g; § g 5 f; saved consumers $20,000 in interest payments over 15 norm-mm ‘ It“ ‘ ‘ gg 5. a “9“ i E g . years lbast’tl on it Fl 00000 mortgagel $11 530 m (“5.2 Zfimg gAg a} 933 53 But that still doesn't mean there is a “onesizefits- 1 §§< ;§; g a g! . n uni-inmatmn 4.5 5-Ԥ;§ . all soltitioii awmm “sum. . C ”A: _“ “hr” Blended rate mortgages are another option that has W” P" mung? 5&5 g g 35 53 been gaming in popularity ; I? ; £3 5; i a ”it“v ofier a “nomination oi both fixed and variable 2 g. i? L‘ 2 25,2 rate tinant ing it split rate structure that tombint's / g 2010 mm TOURING l. ;, inhiw 7a iffg K “753,25 the benefits and risks of each type of mortgage. f “ ‘i 355; EE “4? g Mortgage pre appioial may be something you are I, " fl \ SELL!“ m . , 935 i. g Tl; $3 iriiisidering bet ause lltlHI] - your mortgage finanting 0 0 ~\ , s {E 5 i! 5g; g s ., _. , . j _ . fl ninth in ilai \‘ iiulii ates to irospei the sellers that you ' ' . a, l . 53‘ Q if '§ ‘ l l m Fm ms ‘ ’ ‘ ' in: mm » i 3; 5 E 5 is f are it st'lltilts biiier and it ran give iou tlit st'tiiriti ol _~‘_ in _ no. . m r on Hum“ 556 M. ‘6. z a ’ negotiating tor a house that kills toiiiiortably Wllllltt ,-‘.‘ c» . $15 530 m if “about“ ° g gig/3 Si is tourmearis ‘ i 7 gmig §° 9; lhe danger is that. while you are trying to obtain uw~m “WA,“ . g i $53 approsat tor the largest amount available. you may get W." P" MORE ' ‘ _§ 52 ii a caught in the trap of stretching your finances to the iii“; g E g 2? maximum and putting your family's finances at risk if ‘ i! 1 your circumstances change or there is a significant as ”L ma {mm 2010 m E in ii a§§§§§ ' interest rate increase at renewal time. W m w 5! ' " The best mortgage choice for you should be firmly a s o o g 3 is; 5; based on your personal financial objectives and your I 0 ~ . 25 249 ' 3‘53 1 i 5 overall finatii ial plan ’ ”L..-” “I o m 60 “B: a Si. 52 fig [all to your professional planner to ensure you . m n, 3351- {3 f is i don‘t over riiort ‘ ' r ' ' ' s m _“â€"‘" {a 3 g.th your lndlltldlflllllrt ’ iii ; r§ ' ' ' ' “mu-n. ‘E . ' ’ FaithLife Fmancnal prez an...” mum slgfllflll ‘ O O f ; announces his retirement , H H 33 93 £5; ; ‘ 1 Dieter lsavs. president and chief exet utive officer of To find you local or to 9“ mu m on a, tint-micron! line-w visit mm is E. 8 IS; a; 1 ‘ ltiitlil ile imam ial. has dnliltllnlt‘ll that he plans to i 5 g ‘ ‘ retin- .is of \i-pt £0. after more than six years at the 5 YEAR 8,2 3 t helm Wayne Miissi-lman. t hair of the hoard of three ( ‘ \ as i ‘ 0 I tors, es N'l Is the board Will name a siitti'sstit to Kay's \ fl ' HY U n D F" g! l by the end of May ' . H" 2 q ‘ sq ‘l have been impressed Vsllh ltieti'r‘s yisionary lead at? gg i-rship and his ability to identify strategic opportunities KITCHEIER WATERLOO CAMBRIDGE by; g 3 ii that move the business forward," Musselman said, Ablm Hyundai semi.“ "wad-i am. Hyundai if ’ gas; ii “We will miss his counsel and expertise very much. 44 Alpine Rd. 625 Davenport Rd 1962 Eagle St. N. 2:9} v 4 but we wish him we” as he leaves to spend more time Kitchener, 5197424400 Waterloo. 51943862625 Cambridge, 51976505080 35335212355} ‘ with his family and explore new opportunities wwwalpinehyundaira www schiuotarhyundaica www cambndgehyundatca . 77__.___â€"â€"â€"â€"_â€"â€"#