361 MAIN STREET N, Mount Forest
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- Listed Since: July 8th 2019
1 1/2 story home, 1+2 bed room, eat-in kitchen - door to deck, living room, 4 pc bath & laundry combo. Foyer, covered front porch, basement unfinished. Newer gas furnace, hew hydro service (breakers) new roof, mostly all thermal windows, all thermal doors, town water & sewer. Great lot 66 x 242 zoned MU2. (id:23309)
- Address: 361 MAIN STREET N
- Location: MOUNT FOREST
- Ownership: FREEHOLD
- MLS: 207792
|Kitchen||Ground level||10' '' x 19' ''|
|Living room||Ground level||9' 2'' x 19' ''|
|4pc Bathroom||Ground level|
|Bedroom||Ground level||10' '' x 12' ''|
|Foyer||Ground level||5' '' x 7' ''|
|Bedroom||Second level||16' '' x 19' ''|
|Bedroom||Second level||11' '' 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
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.
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Mount Forest Schools
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