36 MEADOWLARK Boulevard Wasaga Beach Ontario
Up to 30 photos available.
Shows like a model home, large lot 70 feet wide. One of the most sought after models in the neighbourhood. This home has 3 bedrooms and 3 full bathrooms, gorgeous new white quartz countertops in kitchen 2 bathrooms and laundry room, tastefully decorated and not a thing left to do. Spacious master bedroom with walk in closet and custom ensuite.Large deck with pool and privacy. Call for a showing and please take a look at the Virtual Tour to be wowed! Seller direction offers being presented May 15th at 5pm.
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.