ROOTED IN COMMUNITY
Rae is pictured outside the new Thorndale Lions Community Centre, a $2.8-million project she helped guide as Chair of the build committee. After the former centre was destroyed by fire in February 2020, construction began that June and the new facility was completed in roughly seven months. Nearly twice the size of the original, it includes a large multi-use gymnasium, three meeting rooms, change rooms and space designed to serve the community for generations. Local residents raised almost $1 million toward the project, with an additional $250,000 committed by the Thorndale Lions Club.
For Rae, giving back means more than supporting community events. It means contributing the time, leadership and follow-through needed to turn an important idea into something people can use and enjoy for years to come.
ROOTED IN COMMUNITY
Rae is pictured outside the new Thorndale Lions Community Centre, a $2.8-million project she helped guide as Chair of the build committee. After the former centre was destroyed by fire in February 2020, construction began that June and the new facility was completed in roughly seven months. Nearly twice the size of the original, it includes a large multi-use gymnasium, three meeting rooms, change rooms and space designed to serve the community for generations. Local residents raised almost $1 million toward the project, with an additional $250,000 committed by the Thorndale Lions Club.
For Rae, giving back means more than supporting community events. It means contributing the time, leadership and follow-through needed to turn an important idea into something people can use and enjoy for years to come.
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HOME BUYER'S GLOSSARY
AMORTIZATION PERIOD
The number of years it takes to repay the entire amount of the financing based on a set of fixed payments.
APPRASIAL
The process of determining the market value of a property.
CLOSED MortgageS
A mortgage that can not be prepaid or negotiated for a set period of time without penalties.
Closing date
The date on which the new owner takes possession of the property and the sale becomes final.
Collateral
An asset, such as term deposit, Canada Savings Bond, or automobile, that you offer as security for a loan.
Deposit
A sum of money deposited in trust by the purchaser on making an offer to purchase. When the offer is accepted by the vendor (Seller), the deposit is held in trust by the listing real estate broker, lawyer, or notary, until the closing date of sale, at which point it is given to the vendor.
Equity
The difference between the market value of the property and any outstanding mortgages registered against the property. This difference belongs to the owner of that property.
MORTGAGE
A mortgage is a loan that uses a piece of real estate as a security. Once the loan is paid-off, the lender provides a discharge for that mortgage.
Term
The period of time the financing agreement covers. The terms available are; 6 month, 1,2,3,4,5,6,7,10 year terms, and the interest rate will be fixed for whatever term one chooses.
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CENTURY 21 First Canadian Kingwell Realty Inc.
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420 York Street, London, ON N6B1R1
(519) 639-3585
raeanne.muir@century21.ca
Affiliated as a sub-brokerage of CENTURY 21 First Canadian Corp. Brokerage.” or “CENTURY 21 First Canadian Kingwell Realty Inc.” is under a service agreement with CENTURY 21 First Canadian Corp. Brokerage. Independently Owned and Operated. ®/™ trademarks owned by Century 21 Real Estate LLC used under license or authorized sub-license. © 2020 Century 21 Canada Limited Partnership © 2020 Century 21 Canada Limited Partnership. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association. Not intended to solicit properties currently listed for sale or buyers under contract. Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage operation. This e-mail message contains confidential information intended only for the use of the individual or entity named above. Any unauthorized use or disclosure is strictly prohibited. If you have received this communication in error please immediately delete the e-mail and either notify the sender at the above e-mail address or by telephone.
