23 GEORGIAN Lane Port Mcnicoll Ontario
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Impressive curb appeal, Impressive water view! Dressed to impress with this all brick exterior home with gabled windows and structured roof line. Relax on the front porch as you overlook the waters of Midland Bay directly across the street. Home features 3 bedrooms and 2.5 bathrooms, hardwood floors, wood burning fireplace with granite stone surrounding, oak trim & crown moulding, master bedroom with 3 pc ensuite a walk-in closet and water views, main floor laundry, natural gas forced air heating, A/C, heat recovery ventilation unit (HRV), municipal water, upper loft area for future use (325 sq. ft.), partially finished lower level great for storage or potential to add an additional 700 sq. ft. of finished living area, cantina for cold storage, inside entry to double car garage. Chamberlain Bluetooth garage door opener, option to open from your cell phone! Paved driveway, stone landscaping to front porch, rear deck patio perfect for the BBQ, well treed for privacy, 8x16 workshop/shed.
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Port Mcnicoll -- 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.