1050 VICTORIA ST Midland Ontario
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Almost like new! Stunningly Renovated top to bottom! 4 bedroom / 3 bathroom all brick home with double car garage in desireable West End Midland. This two story home features a large entrance foyer with closet, easy flow though the semi open concept living space. Follow the basiter up stairs to three good size bedrooms and a spa like bathroom with separate stand alone soaker tub and glass shower. Large windows though out provide loads of natural light. A side exterior door is conveniently located beside the stairs leading to the full finished lower level with a large bedroom, family room and 4 pc bathroom / even the laundry room has new ceramic flooring! Patio doors from the kitchen lead to the fully fenced back yard that is ready for your landscaping touch. Close to public and separate high schools and elementary schools / grocery stores / and many other amenities. NEW SINCE 2016 Roof shingles - All windows and patio door - Gas forced air furnace - Kitchen cabinets / countertop++
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Midland -- 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.