750 MCPHERSON Crescent Kincardine Ontario
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What a rare opportunity! This executive home is located in the core area of Kincardine, close to schools and shopping as well as walking distance to the Davidson Centre, downtown and Station Beach. This masterful 2 storey stone home is currently set-up to generate income or to house a large family with 6 bedrooms, 5 bathrooms, and a 3 car 30'x21' garage with ample parking. Enjoy the low maintenance flooring throughout as well as the new FA propane heating system and central air heat pump to keep you cool in the summer months. This home also includes an above ground saltwater pool and equipment, gas fireplace, large master bedroom with spacious 4pc ensuite with His & Her walk-in closets, central vac. & interlocking brick triple car laneway as a few of the highlights. This is one you really have to see in person!
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.