63 CONCESSION 4 Port Elgin Ontario
Up to 28 photos available.
Imagine the feeling of living in paradise. Enjoy every moment in this very private setting. Relax on one of the 2 patios with your morning coffee admiring the many song birds or deer. Unwind with a glass of wine in the spa room before retiring to your inviting master site c/w fireplace and canopied ceiling. Entertain like never before in the 600 sq. ft. great room with its 18 ft. ceiling and majestic wall to wall stone fireplace and arches or sit 12 plus around the included antique dining room set. On the blustery winter days curl up beside one of the 2 fireplaces with a good book or work at a project in the huge craft room. If you are a car buff the 44'x26' mahogany lined insulated shop with its 10'x10' door will suite the bill. Beautifully landscaped with an irrigation system, featuring an artesian well, pond and waterfall. Capped lighted cultured stone pillars mark the entranceway that is only minutes to Lake Huron and MacGregor Park. Arrange for your own private showing today.
Port Elgin -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Port Elgin -- 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.