305 - 3 BRANDY LANE Drive Collingwood Ontario
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Start your summer off enjoying our popular 4 season lifestyle! Nestled between the hills of the Blue Mountains and the lakeshore of Georgian Bay, this gorgeous 2 bedroom loft suite in the popular trailside Wyldewood complex can be your very own idyll. Perfect location for everything! Immaculately cared for, this pristine suite shows like new. One-floor living in style! Spacious open concept, decorated with beautiful neutrals, just one look and youll be hooked. Bonus den area to create your own happy place. Stainless steel appliances, granite counter top, beautiful laminate flooring in great room, and an extravagant cathedral ceiling, complete with attractive walkout to your bbq / cocktail terrace. Swim all year round in the heated outdoor pool. Walk to town, short drive to ski hills and beaches. Storage at your front door. Live the life ! (Water/ sewer included in condo fees / Elevator in building.)
Collingwood -- Extreme Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this condo in Collingwood -- 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.