308 - 460 DURHAM Street W Mount Forest
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- Listed Since: January 13th 2020
Enjoy carefree condo living. This meticulously maintained 2 bedroom condo located in Mount Forest is perfect for those looking for their first home all the way up to those who are looking to downsize. This third story end unit features 2 large spacious bedrooms, oak trim, in- suite laundry, open balcony and lots of natural light. The large eat in kitchen boasts ample amounts of cupboards and counter space. Appliances are in good working order and included with unit. The master suites has a walk in closet and cheater en-suite 4 piece bath. Call today to come and see this gem. (id:23309)
- Address: 308 - 460 DURHAM STREET W
- Location: MOUNT FOREST
- Ownership: CONDO CORPORATION
- MLS: 30784690
|Kitchen||Ground level||17' 2'' x 12' 8''|
|Living room||Ground level||18' 3'' x 13' 6''|
|Bedroom||Ground level||14' 3'' x 9' 8''|
|Master bedroom||Ground level||18' 2'' x 10' 10''|
|Laundry room||Ground level||7' 9'' x 7' 3''|
|4pc Bathroom||Ground level|
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.
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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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