#5 -689616 MONTERRA RD Blue Mountains
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- Listed Since: May 22nd 2020
This Amazing Mountain View Condo In Monterra Ridge Offers You The Chance To Have A Base For All Four Seasons Of Enjoyment At Blue Mountain. All You Need Is Your Suitcase! Lovely Hardwood Floors Throughout The Main Floor And The Fireplace In The Heart Of The Room Is Framed By Mountain View Windows That Are Sure To Give You Something To Look At From The Moment You Wake Up Until Night Skiing Is Done In The Winter.**** EXTRAS **** Shuttle Pickup At Your Door And Seasonal Pool Makes This An All-Around Gem. (Buyer Bmva Fee Of 1% Payable On Closing). (id:23309)
- Address: #5 -689616 MONTERRA RD
- Location: BLUE MOUNTAINS
- Ownership: CONDO CORPORATION
- MLS: X4767995
|Laundry room||Basement||2.25 m x 1.41 m|
|Living room||Main level||5.48 m x 4.87 m|
|Kitchen||Main level||3.35 m x 2.74 m|
|Bedroom 3||Second level||3.65 m x 2.74 m|
|Bedroom 2||Second level||3.65 m x 2.74 m|
|Master bedroom||Second level||5.48 m x 3.65 m|
Monthly Mortgage Payments
Thinking about buying #5 -689616 MONTERRA RD -- lets calculate some 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.
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