64 KIMBERLY LANE, Allenford
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- Listed Since: May 17th 2018
Stunning 4 Bedroom Lakefront Property On .49 Acre That Has Been Recently Renovated Inside And Out And Is Turnkey And Ready To Move Into, All You Will Have To Do Is Stock Your Fridge. It Is A Home /Cottage That Is On A Municipally Maintained Year Round Road And Can Be The Maker Of Memories For You And Your Family This Summer And For Many Seasons To Come. ?this Home Has Been Lovingly Renovated With Beauty And Comfort In Mind. (id:23309)
- Address: 64 KIMBERLY LANE
- Location: SOUTH BRUCE PENINSULA
- Ownership: FREEHOLD
- MLS: X4129573
Monthly Mortgage Payments
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- Down Payment
The amount of money you pay up front to obtain a mortgage. The minimum down payment is 5% and for down payments of less than 20%, home buyers are required to purchase mortgage default insurance, commonly referred to as CMHC insurance.
- Mortgage Insurance
Mortgage default insurance, commonly referred to as CMHC insurance, protects the lender in the case the borrower defaults on the mortgage. Mortgage default insurance is required on all mortgages with down payments of less than 20%, which are known as high ratio mortgages. Mortgage default insurance is calculated as a percentage and is applied to your mortgage amount.
- Mortgage Rate
The rate of interest you will pay on the outstanding balance of your mortgage.
- Mortgage Type
The mortgage type includes the term of the mortgage, between 1 to 10 years and the rate type, variable or fixed. The mortgage term is the length of time you commit to the terms, conditions and mortgage rate. The mortgage rate type can be fixed for the duration of the term or variable, fluctuating with the prime rate. Fixed rates are most popular and represent 66% of all mortgages, according to the Canadian Association of Accredited Mortgage Professionals.
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