LOT 26 PLAN 3M245 Port Elgin
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- Listed Since: November 4th 2019
Steps away from the shores of Lake Huron is the new Lakeside Woods neighborhood offering premium estate sized residential building lots. This exceptionally planned design including architectural control and tree retention plan establishes a pleasurable and peaceful crescent location for building your new home. Savor the sights of Lake Huron via paved trail extending between the towns of Southampton and Port Elgin excellent for cycling, jogging, or sunset walks, enjoy watersport activities and sand beaches or indulge in the tranquility of some of the most remarkable trail systems while hiking, snowshoeing, or skiing all proximate to Lakeside Woods. Lakeside Woods invites you to share in the enjoyment of an exquisite neighborhood of large estate style properties. (id:23309)
- Address: LOT 26 PLAN 3M245
- Location: SAUGEEN SHORES
- Ownership: FREEHOLD
- MLS: 231074
Monthly Mortgage Payments
Thinking about buying LOT 26 PLAN 3M245 -- lets calculate some 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.
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