197794 7 GREY RD Meaford Ontario
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Click multimedia to see property video. Country living in Town! Two acres of nature surround this spacious home with total privacy. Huge great room with cathedral ceiling features walk-out to a large wraparound deck. 4 large bedrooms on the second level open to a loft space. Finished basement with recreation space, office space or possible bedroom, 3 piece bath, and has separate entrances from the garage and side yard. Many updates over the years including metal roof, natural gas forced air heating, additional insulation, updated kitchen, baths, new carpet and fresh paint on 2nd level, Generac back-up generator. Short walk to schools, easy access to town amenities and close to all the four season amenities that this area is well known for. Perfect for full time living or a weekend retreat. Current owners have operated a home based business for many years. Call today to book your private tour.
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.