495329 VETERANS RD S Holland Centre Ontario
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Why go to the cottage when you can live here! This 50 acre property is a dream come true for any nature lover. Stunning spring fed pond 310 x 75, walking trails, coniferous and hardwood forest, 4 bedroom home, detached 2 car garage and 3 stall horse barn. This chalet style home sits at the top of a hill with large West facing windows, overlooking the pond and provides some spectacular sunsets. The well designed open concept ensures a great view from the kitchen, dining and living area, meaning you wont miss a thing while cooking or entertaining family and friends. Theres a main floor master bedroom and a family room with access to a large deck while the lower level walk-out has a cozy den, 3 bedrooms, bath and sauna. With updates this home has the potential to be a stunning showpiece. Located on a quiet road, close to Bells lake and 10 mins from Markdale. Come have a look and make your plans to start living The Life.
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.