18 BROUWER Crescent Wasaga Beach Ontario
Up to 10 photos available.
Nearly 1600 sq ft raised bungalow in a good and established neighbourhood within 5 min drive to Downtown Core. The basement in this home can quickly be converted to generous size in-law suite with 2nd kitchen/bar area already in place as well as dual laundry facilities. Main floor kitchen/nook/family room all to the rear of home with access to 12 x 40 sundeck with southern exposure, master bedroom access and loads of enclosed storage area underneath. Open House Sunday May 21st 12:00-2:00 with Seller reviewing offers the afternoon of Tuesday May 23rd.
Wasaga Beach -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Wasaga Beach -- 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.