6511 Beatty Line Fergus
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- Listed Since: December 2nd 2019
This custom built Keating home has it all. 4000 sq.ft of quality finishes throughout. 4 Bedrooms with walk in closet, 4 baths, 6 car drive, over sized garage, in floor heating in basement, theatre set up. Features are endless. All this on a large 59 by 265 lot. (id:23309)
- Address: 6511 BEATTY LINE
- Location: FERGUS
- Ownership: FREEHOLD
- MLS: 30780440
|Kitchen||Ground level||15' 7'' x 10' 9''|
|2pc Bathroom||Ground level|
|Office||Ground level||12' 5'' x 17' 0''|
|Dining room||Ground level||19' 0'' x 8' 0''|
|Living room||Ground level||16' 2'' x 20' 0''|
|Games room||Lower level||39' 0'' x 16' 0''|
|3pc Bathroom||Lower level|
|Recreation room||Lower level||20' 0'' x 20' 0''|
|Master bedroom||Second level||23' 0'' x 17' 11''|
|Bedroom||Second level||13' 5'' x 12' 10''|
|Bedroom||Second level||11' 11'' x 12' 10''|
|Bedroom||Second level||12' 6'' x 11' 11''|
|4pc Bathroom||Second level|
|3pc Bathroom||Second level|
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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