1496 TINY BEACHES RD N Tiny Ontario
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Find your perfect escape within the comfort of this stunning Beachfront Residence. Ideal for a family home or holiday retreat, this 3000+ sq ft home is enveloped in comfort, style, & the natural beauty of Georgian Bay. Nestled in the tranquil location of Lafontaine, it retains the value of luxurious, peaceful living, while remaining only 1 & 1/2 hours from Toronto. With the amazing exterior entertaining area (hot tub included), this property will be sure to delight. Features include All Brick/Stone exterior, 5 bdrms-3 w/private balconies, rec room, 3 baths, complete with a gourmet kitchen with breakfast bar open to lrg Dining area, & living room with gas FP. Upon entry, the combination of hardwood and boldly coloured ceramic flooring create a setting that takes you on a trip to the Mediterranean. High ceilings and extensive windows allow for a breathtaking panoramic view of an expansive and private beach. Sq.Ft on Mn Flr is Exterior Square Footage.
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Tiny -- 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.