193 SNOWBRIDGE Way Blue Mountains Ontario
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Immaculate Snowbridge family home backing onto the pool in a private setting leading to the trail leading to the Village. Attention to detail as soon as you enter the oversized and updated designer kitchen with breakfast bar and gleaming hardwood floors. A family room and living room on the main floor with many windows to enjoy the sun. 3 beautiful bedrooms and cathedral windows accentuate the light even on the 2nd floor. Spacious master with jacuzzi tub. Basement has much of the framing done to complete a further 1,600 sf if desired. New furnace 2016.Front porch is 36' by 6' for quiet relaxation. 1% Village assoc fee applies & ongoing Blue Mtn Village Assoc & Historic Snowbridge fees. Just hop onto the shuttle to enjoy skiing at its best.
Blue Mountains -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Blue Mountains -- lets calculate some mortgage 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.
These mortgage estimates are provided by Sharon Vanderschot from Mortgage Alliance.