5 GLENVIEW Avenue, Elmvale
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- Listed Since: October 12th 2018
A fantastic opportunity to own a completely renovated home in Elmvale. Open Concept. 2 Renovated bathrooms. Modern bright kitchen with quartz counter, gigantic island and RO system. 3 + 1 Bedrms. Stainless steel appliances.Gas Fireplace. Separate entrance to lower level. Huge fenced yard with wired shed for giant man cave or she shed. Nothing to do but move in! Pre-inspected with Transferrable home warranty. Excellent school zone. Shows 10+ (id:23309)
- Address: 5 GLENVIEW AVENUE
- Location: SPRINGWATER
- Ownership: FREEHOLD
- MLS: 30692485
|Laundry room||Basement||6.6m x 3.5m|
|Bedroom||Basement||5.16m x 3.5m|
|Family room||Ground level||5.28m x 3.91m|
|Kitchen||Second level||4.06m x 3.66m|
|Dining room||Second level||2.85m x 3.66m|
|Living room||Second level||5.28m x 3.66m|
|Bedroom||Third level||3.76m x 3.12m|
|Master bedroom||Third level||4.06m x 3m|
|4pc Bathroom||Third level|
|Bedroom||Third level||3.3m x 2.74m|
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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