8 RIVERBANK Court Thornbury Ontario
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Click multimedia to view property video. Thornbury's popular Wexford neighbourhood presents this rarely offered ranch style bungalow situated on a private treed ravine lot just under 1 acre. Main level features a formal living room and dining room, combined kitchen/ great room with gas firelplace and walk-out to a deck. Main floor master with huge walk-in closet also has hook-up for washer/dryer. The finished basement with three more bedrooms, large recreation room, office space, sitting room, and laundry/ 3 piece bath combination. Harwood floors through out most of the house. Easy walk to the Georgian Trail, downtown, and the harbour and beach. Minutes to golf and skiing. Ideal for a family or great for retirees looking for extra living space to accomodate visiting friends and family. Book your private viewing today!
Thornbury -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Thornbury -- 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.