496074 2 GREY RD Ravenna Ontario
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VIEW PROPERTY. Character, charm and warmth surrounds you inside and outside of this classic turn of the century farmhouse. Lovingly maintained, within walking distance of the famous Ravenna General Store and centrally located for the areas best cycling, skiing and golf. Stunning views over the Valley to the west and some of Georgian Bay to the north. Original wood floors, wainscoting, trim and doors. Windows were all replaced b/w 2004 and 2006. New shingles in 2011. Propane furnace installed 2014. Septic system 2002. Enjoy cozy dinners around the wood stove in the combo family room/dining room. Main floor also boasts a large living room with Bay window and gas fireplace. 4 bedrooms up plus large family bath. Attached 19 x 23 shed/ loft acts as a breezeway and offers more storage and works space. This is a rare and unique offering. If you looking for a country charmer with plenty of space then this property will not disappoint.
Ravenna -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Ravenna -- 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.