194 WYCLIFFE COVE Victoria Harbour Ontario
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Lifestyle Community set on Georgian Bay with all the nature and sunsets you have been looking for at no additional charge. This 3+1 tastefully appointed end unit with main floor Master & Ensuite, walk out to a deck for you to enjoy your morning relaxation time & set the tone of your day. Great room with gas fireplace and walkout allows you to enjoy year-round atmosphere. Main floor Laundry with additional cupboards for storage. Granite counter tops with some upgraded appliances, hardwood floors, custom shades, vaulted ceilings. Upper level offers 2 good size bedrooms with full bath between for convenience. Lower level is fully complete with 4th bedroom, 3 piece washroom and rec-room with fireplace and plenty of storage area. Georgian bay is calling for you to explore it's wonders. Queen's Cove Marina is around the corner for your boat. Low monthly fees leaves you free to enjoy. Steps away is the Trans Canada Trail and year-round access to skiing, golfing & theatre. Book you tour now!
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Victoria Harbour -- 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.