3715 MICHAEL ST New Lowell
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- Listed Since: July 3rd 2019
Stunning 2 Acre Bungalow In An Estate Neighborhood, 3 + 1 Bedrooms, 4 Bathrooms With Finished Basement, Situated On A Cul-De-Sac, Hardwood Flooring Throughout, Eat-In Island Kitchen With Granite Countertop, Backsplash, Stainless Steel Appliances, Walk-Out To Deck, Tray Ceilings, Pot Lights, Larger Master Bedroom With 5 Pc Ensuite, Oasis Backyard With Stone Patio, Propane And Wood Heating. **See Video Virtual Tour****** EXTRAS **** Stainless Steel Fridge, Stove & Dishwasher. Washer & Dryer. Water Tank Rental. (id:23309)
- Address: 3715 MICHAEL ST
- Location: CLEARVIEW
- Ownership: FREEHOLD
- MLS: S4503954
|Recreational, Games room||Basement||8.26 m x 6.15 m|
|Bedroom||Basement||3.89 m x 3.56 m|
|Kitchen||Main level||4.01 m x 3.53 m|
|Eating area||Main level||3.71 m x 2.77 m|
|Dining room||Main level||3.81 m x 3.3 m|
|Family room||Main level||5.54 m x 4.11 m|
|Master bedroom||Main level||4.47 m x 4.14 m|
|Bedroom||Main level||3.51 m x 3.48 m|
|Bedroom||Main level||3.48 m x 3.15 m|
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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