229 DENMARK STREET Meaford
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- Listed Since: March 16th 2020
Welcome to 229 Denmark Street! Located in the Heart of Meaford this home is perfect for first time buyers and Investors. This 3 Bedroom, 1 bath home has a large, bright living space, Kitchen and dining area with walkout to large irregular size lot with a creek running along the south side of the property. Also off the Kitchen is a 3 season sunroom. Upstairs has 2 large bedrooms.The property is mostly fenced with access to the yard. (id:23309)
- Address: 229 DENMARK STREET
- Location: MEAFORD
- Ownership: FREEHOLD
- MLS: 251098
|Kitchen/Dining room||Ground level||17' 6'' x 14' 8''|
|Living room||Ground level||12' 9'' x 16' 11''|
|Bedroom||Ground level||12' x 16' 11''|
|Laundry room||Ground level||7' 1'' x 7' 10''|
|Sunroom||Ground level||7' x 13' 6''|
|4pc Bathroom||Ground level|
|Bedroom||Second level||14' 7'' x 17' 3''|
|Master bedroom||Second level||10' 1'' x 17' 3''|
Monthly Mortgage Payments
Thinking about buying 229 DENMARK STREET -- lets calculate some 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.
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