153 EAGLE Road Tobermory Ontario
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Truly welcoming Tobermory cottage or home! Boating! Dock! Swimming! Water sports made easy here! Deluxe, wooded private lot home on lakefront site. This large, raised ranch targets today's multi-taskers beautifully. You will enjoy the luxury of living close to recreation/shops and services. The airy arches of the cathedral ceiling in the living room supply the perfect ambiance of this lovely home/cottage. Dinners are a cinch when you have this custom kitchen with kitchen appliances included. Commune with nature right on your own doorstep relaxing on your deck. Star-gazing evenings don't get better here. Count on even more ideal features such as an amazing fireplace, wood flooring, finished walkout lower level and storage sheds. 4 generous sized bedrooms & 3 bathrooms & Sauna,! Space galore for the in-laws or the grandchildren. Park your boat here. Eagle Harbour, short drive to Tobermory! Realize dreams Crystal clear water shores Lake Huron. Amazing sunsets! approx 2700 square finish
Tobermory -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Tobermory -- 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.