19 - 162 SETTLERS Way Blue Mountains Ontario
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FANTASTIC VIEWS, SHOWS A++ this is the 3 bedroom, 4 bathroom condo has it all! The owners planned on staying & have recently done extensive high end upgrades throughout! Enjoy spectacular four season vistas as you watch the skiers come down the hill & take in the Village fireworks without having to leave your condo! Warm yourself apres ski by the wood burning fireplace & look out the window as the lights illuminate Blue for night skiing! In the summer enjoy a cocktails with friends while BBQing on the sunny rear patio or just glance over the creek to see if the tennis courts are ready for a match & then cool down afterwards in the outdoor pool! All of this is just an quick stroll to The Village! Upgrades include renovated kitchen; main bath; master ensuite with glass shower & double sinks; powder room; custom closet inserts in master walk in closet; porcelain tile & engineered hardwood flooring; stainless steel appliances; hi-eff gas furnace; central air. View today before it's gone!
Blue Mountains -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this condo in Blue Mountains -- lets calculate some mortgage payment options and see if purchasing this condo 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.
These mortgage estimates are provided by Sharon Vanderschot from Mortgage Alliance.