44 SEVENTH Street Collingwood Ontario
Up to 30 photos available.
LARGE landscaped yard, paved driveway and superb garage are some of the highlights of this 3 bedroom, 2 and a half bath home which has been recently painted from top to bottom. Main floor has a spacious foyer to have your morning coffee and watch the neighbourhood come alive. The open concept living rm with rich oak floors and kitchen with stainless steel appliances has a wonderful flow through the home and seems to lead you straight back to the very appealing backyard with large new deck, fire pit area and hot tub. Trust me, you will be asked to host all the backyard parties this summer! The second story used to have two bdrms but now the space is dedicated to a cozy master bdrm with tons of closet space and convenient two-piece bthrm. The Bsmnt is fully finished and features a wonderful custom bar, rec rm and bdrm with its own ensuite. Plenty of parking on the paved driveway that leads you to the one of a kind garage with direct access to the back yard.
Collingwood -- Extreme Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Collingwood -- 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.