PAGE 22, WEDNESDAY, AUGUST 29, 1984, WHITBY FREE PRESS REAL ESTATE NEWS $79,9000 will buy this family home on a quiet court m Whitby This seven year old brick and wood two storey detached home is situated on a quiet court in north-east Whitby. It is the perfect home for a growing family yet is stiil reasonably priced. The exterior of this home is constructed of dlay brick, wood and stucco which gives it a tudor style appearance. It has been rewly pain- ted this summer just for a new owner. It bas a LET'S SEE YOU 'DOIT... OUTDOORS! ejflffls)I single attached garage and a private driveway. The interior of this home has been freshly painted throughout and most areas have been recently broadloomed. One of the best features of this home is the fact that it is in "Imove in" condition, most of the work has already been done. This home has a main floor laundry room which is a great time saver - no more basement steps to climb carrying ail that laun- dry. There is also a two- piece washroomn on the main level which is situated right near an entrance door which is a big plus for a growing family. The eat-in kitchen is bright and airy and looks into a seperate dining room which features one whole wall of windows. The living room has a sliding glass walkout to a deck and a private fenced yard which looks toward a greenbelt area. The basement of this home is totally finished and the large recreation room features an open brick fireplace to provide additional warmth on those cold winter evenings ahead. The second storey is truly a surprise. It bas four large bedrooms and a four-piece bath. The master bedroom which measures 4.55 metres by 3.18 metres also has two walkin closets and sliding glass doors to your own private balcony. This balcony has a southern exposure so winter or summer it is always sunny and bright and a great spot for plant loyers to experiment in- door gardening. This is truly a family size home and a family oriented subdivision with plenty 0f parks and lots of children of al ages in the area. Bus transportation is provided to both seperate and public schools in the vicinity. For more information or to view this home contact Marg or Bill Bird of Century 21 Gold Jacket Realty at 668- 6221 or 668-5774. 225 BrocRALO Tel. St. N; 668-6171 HI-DRY FULLY FENCED RAVINE LOT 3 Bedroom detached bungalow has: eat ln kitchen, finlshed famlîy room with walkout and fIreplace. Located in hlghly desired area - lmpeccabîy cdean, beautifully decorated. 0ali Lîz Rankîn or Ran Jardin 668-8171. SPRINGFIELD MODEL 2 Storey, 3 bedroom link, il months oîd. Features: corner fireplace, walkout to yard, backs onto parkîand. Has sunken master bedroom wth a huge 4 Pc ensuite. Basement un- touched, Ottercreek area - $87,900. 0.11 Lîz Rankîn or Ran Jordan 668-6171. WE'RIE THE NEIGHBOURHOOD ~ PROFESSIONALS. 824 Brack St. N, Whltby ~ï~EEElT~i® 668-6221 GOLD JACKET REALTY LTD. member broker (Across from the Curling Rink) ~. . OPPORTU NITY KNOCKS. Brick Det. Bungalow w/o from kitchen, only 6 yrs old, 4 bdr. rec room, new exterior paint, close to rec complex and shopping. Great mort'l $74.,900.6686221. OPEN HOUSE WED. 6 -8 P.M. 251 Glenhili - only 2 months new, business transfer forces the sale of this unblemnished ralsed brick executive bungalow in Whitby. Hwy. No. 12 to one street west of Thickson Rd. follow signs. Your hast Dormot Walsh 576-2421 RES. 433-1119. BUSINESS OPPORTUNITE 50 Acres, country living with godn corne from cottage rentais, make you independant in this Rice Lake cot- j.tage resort. Century home with 12 rooms. Hard work and honest effort wiIl give you both peace of mind and security. $1 40,000.00. Fi nanci ng available to qualif ied purchasers. For more information -telephone Cec KnelI at 705-295-4450 of Bowes & Cocks, Brldgenorth, Ontar.. HOME 0F THE WEEK DOLLAR $E$ Financial saving wiII help when negotiating mortgage By Harold J. Chmara, CA. Renewing or refinancing a mortgage involves com- plex consideralions requir- ing more than a little finan- cial savvv. Here are three situations, with guidelines in each case on the best way to approach the task: 0 Your mortgage is up for renewal and vou must decide whether to renew with the same lender or re- place the morîgage with one fromn another lender. Dollar Sense offers general financial adviee by mein- bers of The Institute of Cbartered Aceountants of Ontario. Harold Chmara is with Markborough Proper- lies Ltd.. Toronto. A key consideration is that switching lenders will cost an additional $500 or 50 for an appraisal and le- gaI fees, so this is rarely worthwhile providing the current lender is willing to renew. At least six months be-. fore the mortgage matures, however, you should begin monitoring mortgage rates with a view to renewing early (your morîgage agreement permitting) if inlerest rates begin 10 rise sharply. There will likely be a penalty to pay for this pri- vilege, but il may be worth- while if it means locking in a fairlv low rate. 0 Moving up to a home with a bigger pricetage and a larger morigage? If you have the option of assumiîng an existing mort- gage, iî's a straighî malter of arithmeiic in calculating whether you would be bet- ter off doing this, and then seeking an additional mort- gage, or of paying the pen- alty to discharge the exisl- ing mortgage and getting a new morîgage to cover the entire amouni you need. If you decide to discharge the existing mortgage, you could make it a condition of your purchase. If vou are thinking of tak- inig back a mortgage on vour old home, be aware that the inleresi you earn on this mortgage is normal- ly taxable, while the inter- est vou pay on the mort- gage on your new home is not deductible. For this reason it's usually better 10 avoid a takeb-ack mortgage. If iî's necessary, however, your accounlant or lawyer can help you structure a deal ihat avoids this pitfail. 0 If you have a large a- mount of equity in your home but need cash for a good purpose - a business venture, investments, ma- jor renovations - you can cash in some of your equiîy, in one of two ways: Take oui a second morîgage., ai any lime. If your morîgage is coming for renewal, in- crease the mortgage by the amount you need. Don'i forget that interest on funds borrowed for busi- ness or invesîmeni purpos- es, including on a morîgage is tax-deductîble. Become a carrier for the Whitby Free Press today. Become the outstanding carrier of the monthand become a winner' Learn to be a business person with responsibility while earning money. CALL CIRCULATION 668-6l11 (ROUTE CARRIERS EARN $$$I>