126 FOREST HILL Drive Owen Sound Ontario
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Welcome to excellence! This executive home sits at the edge of the city, in one of the most prestigious neighbourhoods - Forest Heights. With spectacular views of the escarpment and the conservation area out your front door - you can't ask for a better location! This elegant 4 bedroom home features a beautiful formal dining room, master suite with fireplace and ensuite, 3 1/2 bathrooms, fully finished basement, hardwood floors, central air, double attached garage. Spectacular and private backyard - perfect for entertaining! Inground heated pool, lots of green grass for the kids to run and play, fully fenced yard. Cozy up by the floating gas fireplace in the elegant 2nd floor family room. Brand new septic being installed end of May. Georgian Bluffs taxes, natural gas and municipal water. Just what everyone is looking for! Trails to Harrison Park out your front door - surrounded by nature! Don't miss this one!
Owen Sound -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Owen Sound -- 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.