569465 6TH SIDE RD Ravenna Ontario
Up to 30 photos available.
Enjoy the peace and quiet of country living from this stunning 3 bedroom country home on 25 picturesque acres. Open concept living with stylish white kitchen, granite counter tops, living room with wood burning fireplace and inviting sunroom with vaulted ceilings. Convenient main floor laundry with slate flooring, walk-out to side entry and double garage. Lower level is partially finished with an office space/family room. Spacious covered porch overlooking pond and private treed setting. 30Ft x 40Ft horse barn. Located in close proximity to Three Stage, Pretty River Provincial Park, Blue Mountain Resorts, golf courses, hiking, biking trails & more!
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.