The obligations expenses of a h ome purc h ase community may be the best charitable aoe p investment you could make today, Institute for tomorrow. for the Blind Cost of your purchase As a general rule your should look for a home where your mortgage loan debt service ratlo (principal, interest and taxes) will not exceed 30 per cent of your gross annual income. Consult your real estate professional, bank, trust’ company or prospective mortgage lender to determine the amount of mortgage loan for which you qualify. Your current gross debt ratio (amount you owe on car payments, department store and credit cards) will have a bearing on the final sum the financial institution will approve. Down Payment When you make an offer to purchase a property, you will tender a “deposit” with that offer, and that sum will become part of the “down payment,” which is generally the amount .of the total purchase prica that is not covered by your mortgage loan. {i.e. -- on a $100,000 purchase you have qualified for a 75 per cent mortgage loan, or $75,000, which means the down payment will be $25,000. The deposit would probably be in the neighbourhood of $5000 -- a sum that will assure the vendor you are a seriously motivated buyer -- leaving a further $20,000 of the down payment to be tendered at the closing date.) Other Closing Costs Are Cash Costs It is wise to remember that in: addition to the ‘down payment there are othe: payments that must be considered part of your purchase obligation and you’ should make sure sufficient money is available for: Mortgage Costs -- these could include appraisal fees, mortgage fees, interest adjustment, legal fees and mortgage insurance, Sometime these are added to the mortgage and sometime they are not , so ask in advance when you are checking with your financial institution. Remember too, GST is charged on such services as appraisals and both GST & PST are tevied on legal fees, but not on the mortgage itself nor the mortgage insurance fees. Legal Fees -- which will be charged hy a Solicitor or Notary Public to attend to the conveyancing procedure necessary to convey title of the property to you, register the change in the land Title Office, and protect your interests in all parts of the transaction, Your real estate agent can probable estimate to you what these costs will. be, Again, be prepared to pay seven per cent GST & 7% Verticals + . Up to 65% off + Window Blinds Horizontals Pleated Shades Carousel Shades Provincial Sales - Tax on the bill for this service, . TERRACE STANDARD Supporting CNIB services in your Please give when our canvasser calls. BC. - Yukon Division '- Bither you have it or you don’t. There are no shades of gray when it Comes to honesty and The : ‘well- known trademark: REALTOR. is your assurance of integrity. when. it comes to buying or selling... “Only ~ REALTORS are members of The Canadian - ‘Real Estate Association, and only REALTORS are governed by a strict Code’ of Ethics and a -forthrightness. NTEGRIT 27-point Standards of Business Practice. Our : pledge is to be honest in disclosing property. ‘information’ and forthright in providing the | facts needed to help you make one of the most important decisions of your life. Remember, -oulya REALTOR has access to the Multiple Listing Service®’, Canada’s- most powerful real estate marketing system. ONLY A REALTOR Is QUALIFIED -To HANDLE THE MOST IMPORTANT MULTIPLE LISTING SERVICE” FINANCIAL TRANSACTION OF YOUR LIFE. REALTOR® Wightman & Smith Realty | Ltd. 3227 Kalum Street, Terrace, B.C. PHASE IIl i | ope. Lauri | 4 BEDROOM FAMILY HOME THORNHEIGHTS SUITE SUPER NICE aurie 19 2 || $169,900 MLS, $164,500 MLS $145,00 - EXC. $159,000 MLS $215,000, MLS “Olson Forbes wi CALL GORD CALL DENNIS CALLHANS CALL SHAUNCE CALL HANS Lye . . . Toa ee gt TT yen te, 638-1945 635-5382 is S) a fe Cem 7 b i: Wolat tt 16 | 9 | sord > i= : oo, ; ee wy i eT ee CUTE AND COZY INVESTMENT OPPORTUNITIES CUTE & COZY GOOD REVENUE OR STARTER STARTER HOME goo | | so | $86,900 MLS $160,000 EXC. $112,500 MLS. $64,900 MLS $69,800 -MLS pe | Sake CALLUJIM CALL SHAUNCE CALL HANS CALL DENNIS CALL JIM Hans Shaunce 13 { $010 |; | AFFORDABLE LIVING | SICK OF YOUR EXISTING IN TOWN LOTS EXCELLENT EXPOSURE | GREAT FAMILY AREA Stach Kruisselbrink j | Can be yours with this 1971 JOB! These 2 lots are within cy limits | This 98 Aera lat with excellent} 45g gq, f, newly renovated! 9 bef ey? , 12x68’ moblie home set up In a on the Bench. City water and city {highway exposure and great ag : 635-5739 635-5382 i i Fe mobile heme park. Three Mihy nat become a farmer? | have sewer at property [Ine, Each lotisfaccess for a commercial ining Oona ant Features: - * [ bedrooms, Natural gas heel. J the aaa, Price ineludes 274 gorag 72 *412' and are priced at $32,000 J adventure. Call Shaunce for more | hae - yautted ceilings, Jenn Alt, Std isomodsard LPrced to sell at $19,900, MLS of land, 6160 sq.ft. Heated and caeh. Call SSIES more information, Asking $102,000 | whidpool tub, and landscaped PHEOLE refrigerated Quansat building, all J ‘ormalion. . yard with fire pit, Asking $129,500 COUEOLE AVENAE LOADS OF POTENTIAL farm eq, farm has existing LOOKING FOR PRIVACY? MLS, Call Dennis 638-8093, die. _. For the person who Isn't afraid off contracts for the crop, Great “ Call Gordie Olson whipping a property Into shape, § family business asking $370,000 POTENTIAL, Then check out thls 820 sq.tt. ‘ for more wo hava Wiis 1152 sq.ft. PMLS Call Dannis 638-4093 DEVELOPMENT bungalow Jocated on 110x197 lot a | . : doublewide mobile home lasated Thinking of developing some] in town. Two bedrooms. Unique] CENTRAL HORSESHOE a information and on .42 acre. Full basament, two 4 SOUTHSIDE LOTS land? This 4.34 acres In town onB larye wood cookstove for locks | A 4 bedroom homa In the Ted Dennis Your Choice baths, natural gas heat, Call Jim 4190" 4 ¢ the Bench could be what you arofland heat. Carport. Also 42x16 | Horseshoe, 1222 sq.ft, and full Garner “Lisslmore about this property listed at§ 74°*190" fully serviced, on Peal looking for, Call Shaunce for mare cabin which (s wired and heated, | basement. Has a larga workshop mal ; ofthe remaining | $59,500MLs stro! 2 zoning $27,500 e8. Call | details, S115,900 EXCLUSIVE Call today about thls property | and garden shed, Asking $125,000. 635-5619 638-8093 Lots MLS snails ; priced at $73,500 MLS. Exclusive, Call Ted @ 695-5619 Jim a ae, — i Rego Taenaris of Cent 2 Real Estate Corporation Used Under License’ - President Duffy 635-4031 635-6688 TEMPLE STREET SUBDIVISION '635- 6361 “INDEPENDENTLY OWNED AND OPERATED © .