420 FARRAR STREET, Meaford
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- Listed Since: August 12th 2019
Get the best value for your money in Meaford. 3 bedroom all brick bungalow on a quiet street. Recently renovated and upgraded this great home has all you need when starting out. Re-designed with open concept living in the main area, lovely sun room used as dining area overlooking the large back yard. Unfinished basement is ready for finishing or leave as is for storage and kids hockey training! Breaker panel, water heater in 2019, roof sheathing and shingles replaced 2019. 18 x24 garage is perfect for workshop or workouts! (id:23309)
- Address: 420 FARRAR STREET
- Location: MEAFORD
- Ownership: FREEHOLD
- MLS: 206355
|Kitchen||Ground level||19' '' x 8' ''|
|Dining room||Ground level||14' '' x 10' ''|
|Master bedroom||Ground level||11' '' x 10' ''|
|Bedroom||Ground level||12' '' x 9' ''|
|Bedroom||Ground level||10' 6'' x 8' 6''|
|4pc Bathroom||Ground level|
|Living room||Ground level||19' '' x 12' ''|
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
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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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