796553 19 GREY RD Blue Mountains Ontario
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Beautiful BC Fir Square Log Dovetail chalet on a fully serviced 252' deep treed private lot, central to all Ski Clubs, the Village and walk to Northwinds Beach, the chalet features beautiful natural light, 5 bedrooms, 3 bathrooms, 3 finished levels, wood burning fireplace, hardwood floors, pine post and beams, pine ceilings, designer light fixtures, charming functional eat at kitchen with stone counters, built in high end appliances, open concept dining area with seating for 10, access to private multi level decking with eating/sitting areas & hot tub, lower level offers a kids TV/Games area, walkout to back yard, laundry, 2 additional bedrooms, storage and a 3piece washroom, the upper level provides master with 4 piece ensuite, 2 more bedrooms-one with a sleeping loft, an office/den area and a 3 piece washroom-the grounds are beautifully landscaped with large softwood trees for privacy, stone and cedar-plenty of parking-a substantial offering!
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.