592 INGLIS Street Lucknow Ontario
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This one of a kind 3 bedroom home with attached garage sits on almost an acre of beautifully landscaped property backing onto the river where you can catch trout or take a kayak ride, skip the stress of packing & driving and camp in your own backyard! This home is a perfect vacation retreat, great for a growing family or a comfortable place to retire with the master bedroom, both bathrooms & laundry room located on the main floor! New steel roof in 2013, maintenance free exterior, solid oak kitchen cabinets, living room with hardwood floors, extra insulation, updated; windows, plumbing, drywall/insulation, 4 piece bath & electrical as well as a brand new 2 piece bath/laundry! The spacious heated sunporch provides a variety of uses! That's not all, the lot is adorned with lovely perennial Hostas Daisies & Hydrangea Bush Lilies as well as Rhubarb, Raspberries, Blueberries & a large vegetable garden. What else can you ask, for this property has it all!
|Master bedroom||Main level||17'3X8'7|
|Living room||Main level||16'9X15'5|
|Laundry room||Main level||11X17'4|
|Bath (# pieces 1-6)||Main level||2PC|
|Bath (# pieces 1-6)||Main level||4PC|
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Lucknow -- 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.