41553 SUMMERHILL Road, Clinton
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- Listed Since: March 15th 2019
41553 Summerhill Road is a move in ready, centrally located, 1 1/2 story home. This place is just perfect for a first time home buyer and is priced to sell. Natural sunlight floods the home in warmth, and the L shaped living room is perfect to snuggle in to watch some Netflix. The utility bills for this home are extremely affordable primarily due to the updated windows, and insulation throughout. The basement is currently used for storage and laundry, but the high ceilings would make it ideal if someone wanted another large family room or rec room - even the basement has large above grade windows. 2 upper-level bedrooms- and the master has a surprisingly large walk-in closet. The large yard gives you lots of room for yard games, and the new deck is ideal for a large group conversation. We expect lots of activity on this property so book your showing today or you may miss out! (id:23309)
- Address: 41553 SUMMERHILL ROAD
- Location: CENTRAL HURON
- Ownership: FREEHOLD
- MLS: 30718911
|Master bedroom||Ground level||10' 9'' x 12' 1''|
|Sunroom||Ground level||17' 1'' x 4' 5''|
|Dining room||Ground level||10' 5'' x 13' 7''|
|Kitchen||Ground level||9' 1'' x 8' 9''|
|Living room||Ground level||12' 6'' x 11' 0''|
|4pc Bathroom||Ground level|
|Bedroom||Second level||8' 2'' x 10' 6''|
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
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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