89 4 Concession Port Elgin Ontario
Up to 30 photos available.
Acres And Acres To Enjoy; Close to The Lake; Far Enough From Town For Piece And Quiet; Yet Close Enough To Enjoy Shopping Within 10 Minutes To Town. This Prestigious Home Was Custom Built In 2001 By The Current Owner Which Has Owned This Parcel Since 1971. The Home Is Exquisite With Finishes That Will Certainly Wow You. Main Floor Master With Large Walk-In Closet And A Beautiful 4pc Ensuite Including Jacuzzi Tub and Separate Shower. The Grand Great Room Is Open Concept With The Kitchen Area Which Has A Vaulted Ceiling Giving The Already Large Space A Feeling Of Abundance! The Second Level Has A Huge Games Room Area Above The Garage And So Many More Features That A Too Numerous To List. The Shop Is 36x64 With A 10' Roll Up Door And A Second Sliding Door Large Enough For Your RV And Heated On One Side. Property Is Under Managed Forest, Volunteer Program, Reducing Tax Base. Offers Presented On May 23, 2017. Call Today For Your Personal Tour. Check out the video, click 'multimedia'!!!!
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.