696 PALMATEER Drive Kincardine Ontario
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Five bedroom, two bath, split-entrance bungalow in Kincardine. Immaculate condition with many updates done recently. 2015 updates include roof, soffit, fascia, siding, downpipes, and some windows. Lots of natural light. Closets throughout and kitchen cabinetry with an abundance of drawer storage. Lower level provides options for various living styles and must be seen. Well-maintained home ready to move into. Heating and air conditioning by forced air, heat pump. Laundry connections on both levels. Located in a quiet area with privacy on a ravine lot and close to walking trail. Yard is fully-fenced, has a fire pit, and a portable gazebo mounted on a 12' x 10' cement patio-stone floor. Long driveway wraps alongside of garage. Breezeway provides access to main floor of home, lower level and to front and rear yards. Entrance to garage from rear concrete patio (23' x 14'). Five appliances and some furniture included. Come and view the possibilities.
|Bath (# pieces 1-6)||Lower level||10.1X5|
|Living room||Lower level||19.8X11|
|Bath (# pieces 1-6)||Main level||8.4X5|
|Living room||Main level||12X19.10|
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Kincardine -- 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.