119 PINE TREE HARBOUR Road Miller Lake Ontario
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Are you ready to cottage? Enjoy boating and swimming? This is the ideal vacation home with 3 bedrooms and 2 full bathrooms. The elevated main floor offers fabulous views of the beautiful Lake Huron waterfront. The large great room is an open concept with kitchen, living room and dining room with a lovely stone propane fireplace and a large waterside deck. The master suite has a large bedroom with lots of closets and a walkout to a private deck plus a 3 piece bathroom. There's a second bedroom and a combined laundry room/bathroom also on the main floor. The lower level walkout has a huge family room, additional bedroom, storage and utility rooms. The home has a unique shape and design and is well built. There's a large single car attached garage. Lovely grounds and fabulous waterfront with a dock and launch for your boat in a natural protected harbour. Additional personal items are negotiable. Great Bruce Peninsula cottage, retirement home or vacation home. Taxes: $3,007
Miller Lake -- Balanced Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Miller Lake -- 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.