173512 MULOCK RD Hanover Ontario
Up to 27 photos available.
Why build your dream home, when you could buy it? Upon 5 acres sits this immaculate family home conveniently located on a paved road between Durham and Hanover. Wraparound deck is a country must and this home has it. The curb appeal is absolutely outstanding and this 3 bedroom home is heated with a high efficiency boiler system including in-floor heat in the basement. On-demand hot water, 200amp service, central ait, HRV, gas fireplace and high-speed internet, reverse osmosis system, water softener are just a few of the amenities. Multiple entry points including a walk down from the oversized 2 car garage. Impressive also is the 32' x 48' detached garage/shop with 12' bay doors for a myriad of purposes. Great appliance package included and there is a gazebo and aboveground pool to the rear. This is a home that is truly a castle. Enjoy the Virtual tour of this Property
Hanover -- Balanced Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Hanover -- 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.