62 POLLARD Drive Meaford Ontario
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CUSTOM BUILT LOG HOME just down the street from Georgian Bay in Meaford's sought after Beachvale Subdivision on a fantastic lot! The original owners have meticulously maintained this contemporary style 3 bedroom, 3 bathroom log back-split over the years & it's the first time offered for sale. Impressive truss work spanning across the soaring vaulted ceilings throughout the main level are a thing of beauty to behold not to mention a sign of the expert craftsmanship of this home! Some of the notable features include: Huge open concept living room/dining room/kitchen with walk-out to large rear balcony; sprawling master bedroom with ensuite as well as walk-out to large rear balcony; oversize family room in lower level with its own full bathroom which would make a great in-law suite; double car garage with inside entry to house as well as side entry to garage; bonus heated & insulated room at rear of garage ideal for a home office; forced air gas heat; central air; central vac. Call Now!
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.