1527 9TH AVE E, Owen Sound
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Three bedroom, 1.5 storey home with a new 4 piece bathroom, hardwood floors in main living area, two bedrooms on main floor and one bedroom up, and a large backyard. This home has been updated with new drywall, mostly newer windows, and upgraded insulation in attic space. This home is well located, within walking distance to Georgian College, Hospital, and shopping area. Forced air natural gas furnace and 100amp breakers.
- Address: 1527 9TH AVE E
- Nearest Town or City: Owen Sound
- Ownership Type: Freehold
|Master bedroom||Main level||10X10|
|Living room||Main level||11X10|
|Dining room||Main level||12X11|
|Bath (# pieces 1-6)||Second level||4PC|
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
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- 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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