1119 SIDEROAD 10S Tara
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- Listed Since: March 24th 2020
A unique property in a breathtaking natural setting, this home was designed to savour the splendor of waterfront living. Bringing it with a backyard oasis that includes a private dock, marine rail, and covered watercraft storage for all the toys, the entertainment areas provide a relaxed style and casual vibe perfect for family get togethers and weekend getaways. Private showings can now be arranged on this hard to find Arran Lake waterfront home. (id:23309)
- Address: 1119 SIDEROAD 10S
- Location: ARRAN-ELDERSLIE
- Ownership: FREEHOLD
- MLS: 252244
|Bedroom||Basement||9' 9'' x 20' 9''|
|Recreation room||Basement||19' 5'' x 19' 5''|
|Bedroom||Basement||12' 3'' x 10'|
|Living room/Dining room||Ground level||20' 2'' x 19' 5''|
|Kitchen||Ground level||8' 10'' x 11' 1''|
|Foyer||Ground level||6' 7'' x 5' 5''|
|Master bedroom||Ground level||10' 1'' x 16' 2''|
|5pc Bathroom||Ground level|
Monthly Mortgage Payments
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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.
- 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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