LOT 37 AS PER APPROVED DRAFT PLAN Port Elgin
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- Listed Since: November 1st 2019
Enjoy the architecturally controlled neighborhood of Summerside, located near the shores of Lake Huron. This exceptionally well-planned community promotes quality of living, recreation, walkability, green design and architectural character. Summerside Phase 4 is now available with a range of frontages that include interior lots and large premium lots backing onto open spaces. Summerside is located at the North end of Port Elgin, one of the core centres of Saugeen Shores. Saugeen Shores boasts a combination of lifestyle and business and is remarkable for outdoor enthusiasts and active living for all ages, offering an array of trail systems (paved and wooded), decadent eateries, boutiques and retail shopping. (id:23309)
- Address: LOT 37 AS PER APPROVED DRAFT PLAN
- Location: SAUGEEN SHORES
- Ownership: FREEHOLD
- MLS: 230990
Monthly Mortgage Payments
Thinking about buying LOT 37 AS PER APPROVED DRAFT PLAN -- 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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