5393 SIXTH LINE, Erin
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- Listed Since: August 10th 2018
If You Are Looking For A 2 Acre Property, With Paved Road Access,Visit Town Of Erin Zoning Schedule A-1 For Uses, Large Floorplan With 2 Car Garage And Huge Potential Then This Is The Property For You. Large Family Room With Huge Windows, Kitchen With Butcher Block Counter Tops, Eat In Kitchen. Walk Out From Lower Rec Room To Covered Patio Area , Beautiful View Of Forest From The Large Patio Exiting From The Dinning Room. (id:23309)
- Address: 5393 SIXTH LINE
- Location: ERIN
- Ownership: FREEHOLD
- MLS: X4215804
|Bedroom 3||Lower level||6.7 m x 3.6 m|
|Bedroom 2||Main level||3.96 m x 2.74 m|
|Other||Main level||2.92 m x 2.4 m|
|Master bedroom||Main level||3.96 m x 2.74 m|
|Dining room||Main level||2.8 m x 3.35 m|
|Kitchen||Main level||2.66 m x 2.87 m|
|Living room||Main level||6.4 m x 5.18 m|
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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