LOT 14 LOCK STREET Innerkip
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- Listed Since: November 28th 2019
Welcome to Innerkip Meadows, we are pleased to offer the WATERLOO 2 Car Garage, formal dining rm or study, 2 storey foyer, 4 bedrooms. Located in Quiet Neighbourhood, picturesque community of Innerkip. OPEN HOUSE Saturday/Sunday 1-4pm or by private prearranged appt. Call, text or email for further details. Taxes/assessment to be provided-new build assessment will change. Possession to be determined. (id:23309)
- Address: LOT 14 LOCK STREET
- Location: INNERKIP
- Ownership: FREEHOLD
- MLS: 235139
|Great Room||Ground level||17' 6'' x 13' 5''|
|Kitchen||Ground level||13' 5'' x 10' 7''|
|Dinette||Ground level||13' 5'' x 10' 10''|
|Dining room||Ground level||15' 5'' x 10' 8''|
|2pc Bathroom||Ground level|
|Master bedroom||Second level||13' 11'' x 13' 11''|
|4pc Bathroom||Second level|
|Bedroom||Second level||11' 1'' x 10' 10''|
|Bedroom||Second level||10' 8'' x 10'|
|Bedroom||Second level||11' 9'' x 11' 3''|
|4pc Ensuite bath||Second level|
Monthly Mortgage Payments
Thinking about buying LOT 14 LOCK STREET -- lets calculate some 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.
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