196857 7 GREY RD Meaford Ontario
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Private country setting with pastoral views on7.6 acres. This century farm house has been extensively updated by the current owners. Features include: gleaming hard wood floors; new windows; large open eat-in kitchen with plenty of counter space; new 5-piece washroom; 300 square foot master bedroom with balcony; restored living and dining rooms; economical geothermal heating and cooling;finished attic --great as another bedroom, office or for storage;seasonal sunroom with southerly exposure. This property has landscaped perennial gardens with stone borders, a pond and garage/workshop...located just minutes to Meaford and Thornbury and a short drive to Blue Mountain and Beaver Valley ski areas, Georgian Bay, golf courses and the Bruce Trail. This is country living at its finest!
|Bath (# pieces 1-6)||Main level||3 PC|
|Dining room||Main level||12 X 21'|
|Kitchen||Main level||14'10 X 17'|
|Laundry room||Main level||12 X 15'6|
|Living room||Main level||13'8 X 16'8|
|Other||Main level||6 X 11'(PORCH)|
|Bedroom||Second level||11'4 X 13'|
|Bedroom||Second level||5 PC|
|Master bedroom||Second level||17 X 17'|
|Bedroom||Second level||14'2 X 8'8|
|Bedroom||Third level||19'6 X 15'|
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Meaford -- 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.