615656 HAMILTON LANE Markdale
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- Listed Since: November 7th 2019
Custom Built Bungalow On 12 Acres, Embraces The Surrounding Nature. Private Entrance With Plenty Of Parking For All Your Hobbies. Peaceful, Within Minutes From Town. Open Concept For Great Entertaining And Walk Out To A Beautiful Pool. Hot Tub To Use All Year Round Off The Master Bedroom. Finished Basement With Plenty Of Rooms For The Kids.**** EXTRAS **** Huge Workshop With Concrete Floors And Several Bays For The Car Lover And Lots Of Room For Storage. (id:23309)
- Address: 615656 HAMILTON LANE
- Location: WEST GREY
- Ownership: FREEHOLD
- MLS: X4628550
|Recreational, Games room||Lower level||7.12 m x 9.16 m|
|Bedroom 2||Lower level||4.25 m x 4.44 m|
|Bedroom 3||Lower level||4.43 m x 4.44 m|
|Bedroom 4||Lower level||3.46 m x 5.17 m|
|Laundry room||Lower level||4.18 m x 2.1 m|
|Living room||Main level||4.44 m x 6.53 m|
|Kitchen||Main level||6.84 m x 3.84 m|
|Dining room||Main level||3.39 m x 6.56 m|
|Office||Main level||4.67 m x 3.8 m|
|Master bedroom||Main level||5.41 m x 4.7 m|
|Foyer||Main level||6.13 m x 2.32 m|
Monthly Mortgage Payments
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- 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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