7 EVERGREEN PLACE New Hamburg
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- Listed Since: January 10th 2020
Join the Morningside community! This is a rare opportunity to live in a retirement village, full of recreational amenities, organized activities, social clubs and so much more! Home highlights include scenic views from its Florida room, an open concept living room/dining room/kitchen, and a spacious master bedroom with a 4 piece ensuite. Freshly painted, this home is vacant, and move in ready. Located on a quiet court in the complex, you will be able to relax and take in the serene views or hop on over to the indoor, heated, salt water pool or fitness centre for some activity. Morningside offers an endless list of both indoor and outdoor options for entertainment and socialization. Need supplies? Have your groceries delivered, or take a short drive into charming New Hamburg for all of your shopping needs. This is the retirement lifestyle you have been waiting to enjoy! https://morningside.ca/ (id:23309)
- Address: 7 EVERGREEN PLACE
- Location: NEW HAMBURG
- Ownership: LEASED LAND
- MLS: 239531
|Master bedroom||Ground level||15' 10'' x 11' 10''|
|Living room||Ground level||15' x 13' 2''|
|4pc Bathroom||Ground level|
|Bedroom||Ground level||11' x 9' 10''|
|4pc Bathroom||Ground level|
|Laundry room||Ground level||8' x 4'|
|Dining room||Ground level||11' 10'' x 10'|
|Kitchen||Ground level||9' x 9' 6''|
|Sunroom||Ground level||15' 5'' x 10' 2''|
Monthly Mortgage Payments
Thinking about buying 7 EVERGREEN PLACE -- lets calculate some 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.
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