LOT 23 EAGLE RIDGE DRIVE Annan
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- Listed Since: April 30th 2019
Build your dream home and create life-long memories on the pristine shores of Georgian Bay with spectacular sunsets and amazing views. Many options to build anywhere, even right up to the shoreline, on this very private and breathtaking waterfront lot, ideally located between the beautiful Towns of Meaford and Owen Sound, within the exclusive development of 'The Birches'. This 2-acre lot offers 145 feet of water frontage and is set among several exquisitely-built homes. (id:23309)
- Address: LOT 23 EAGLE RIDGE DRIVE
- Location: MEAFORD
- Ownership: FREEHOLD
- MLS: 191181
Monthly Mortgage Payments
Thinking about buying LOT 23 EAGLE RIDGE DRIVE -- lets calculate some payment options and see if purchasing this home can become a reality.
- 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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