316915 HIGHWAY 6 Holland Centre Ontario
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Spacious brick bungalow, just South of Chatsworth on Highway 6. Large kitchen with additional pantry and storage space. Formal dining space. Family room features a beautiful floor to ceiling brick wall with gas fireplace. Additional sitting room ideal for family gatherings or reading your favorite book with a beautiful view of the farmers field. 4pc bath with updated shower. Main floor master with 3pc ensuite. 2 additional bedrooms on main level. Main floor laundry room with 2pc bath. Full, unfinished basement ready for your custom finishes. Attached garage with inside entry. Natural gas forced air with air conditioning. Click the multimedia tab for floor plan layout.
|Master bedroom||Main level||13'11X13'11|
|Bath (# pieces 1-6)||Main level||4PC|
|Ensuite (# pieces 2-6)||Main level||3PC|
|Dining room||Main level||12'7X10'10|
|Family room||Main level||18'9X11'9|
|Living room||Main level||10'11X18'4|
|Bath (# pieces 1-6)||Main level||2PC|
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Holland Centre -- 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.