56 EIGHTH STREET Collingwood
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- Listed Since: January 9th 2020
Just steps from downtown Collingwood youll find this well maintained two bedroom, one bathroom bungalow. Located within a great school district and friendly neighbourhood making it a perfect starter or retirement home. Plenty of room for entertaining on the newly constructed deck overlooking the large backyard. This easy to maintain home is also easy on the budget with low heating and cooling costs due to the efficient gas furnace and a/c installed approx two years ago. Call now for complete details on recent upgrades and then come explore this gem today! (id:23309)
- Address: 56 EIGHTH STREET
- Location: COLLINGWOOD
- Ownership: FREEHOLD
- MLS: 239550
|Bedroom||Ground level||10' 1'' x 11' 0''|
|Bedroom||Ground level||8' 1'' x 9' 10''|
|4pc Bathroom||Ground level||5' 4'' x 6' 8''|
|Living room||Ground level||30' 11'' x 11' 8''|
|Kitchen||Ground level||11' 9'' x 7' 9''|
|Other||Ground level||8' 2'' x 13' 5''|
|Office||Ground level||8' 5'' x 10' 1''|
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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