428 GLASTONBURY Drive Stratford
$379,900
Affordable living located at 428 Glastonbury Drive; 3 bedrooms, 1.5 baths, private drive, high efficiency gas furnace, 200 amp hydro, sliders from dining room to deck with fenced rear yard. Quick closing possible. Don't miss out on getting into home ownership today! (id:25417)
- 3 Bedrooms
- 2 Bathrooms
- 860 Square Feet
- $1,827 / month (estimated mortgage)
- Listing ID: 40486369
- Listed On: SEPTEMBER 19TH 2023
- Address: 428 GLASTONBURY DRIVE
- Location: STRATFORD
- Postal Code: N5A 7G9
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Greenwood to Glastonbury
| Rooms | Levels | Dimensions |
|---|---|---|
| Bedroom | Second level | 9'6'' x 12'0'' |
| 4pc Bathroom | Second level | Measurements not available |
| Bedroom | Second level | 10'0'' x 9'1'' |
| Bedroom | Second level | 14'0'' x 10'0'' |
| Laundry room | Basement | 16'2'' x 8'0'' |
| Recreation room | Basement | 20'1'' x 10'6'' |
| 2pc Bathroom | Basement | Measurements not available |
| Foyer | Main level | 5'0'' x 6'0'' |
| Dining room | Main level | 8'1'' x 9'4'' |
| Living room | Main level | 10'6'' x 20'1'' |
| Kitchen | Main level | 7'0'' x 8'0'' |
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- 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.
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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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