106 First Street, Belwood
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- Listed Since: July 9th 2019
Cottage Life at its best on Belwood Lake! This charming cottage retreat offers 2 bedrooms, a large 3 piece bathroom and eat-in kitchen. Character throughout, including 2 beautiful stained glass windows and a cozy living room with wood walls. Belwood Lake is a little slice of heaven that few people know about. Conveniently located, you can drive to Fergus, Elora or Orangeville in less than 15 minutes, while feeling like you are in the Muskokas. Enjoy home cooked meals and baking at the local Super Snax and the Belwood General Store which are just minutes away. Get out and enjoy the outdoors, on the lake, by hiking and biking on the Cataract Trail or playing a round of golf on one of many local golf courses. If you are dreaming of summer bonfires, beautiful sunrises and entertaining family and friends you won't want to miss this opportunity! (id:23309)
- Address: 106 FIRST STREET
- Location: BELWOOD
- Ownership: LEASED LAND
- MLS: 30732983
|3pc Bathroom||Ground level|
|Bedroom||Ground level||9' 8'' x 6' 0''|
|Master bedroom||Ground level||9' 8'' x 9' 3''|
|Dining room||Ground level||13' 4'' x 8' 0''|
|Living room||Ground level||7' 5'' x 18' 4''|
|Kitchen||Ground level||9' 7'' x 12' 5''|
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
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- 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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