196 FERRIS DR, Wellesley
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- Listed Since: June 8th 2018
Executive Home With A Fluid Open Concept Design Offers 4 Oversized Bdrms With Private Access To Bthrms And A Master Ensuite Fireplace And Relaxing Soaker Tub. Greeting You Is A Grand Staircase And 17 Ft Ceiling With Access To A Large Living Room, Formal Dining Room And Main Floor Office. Located In The Vibrant Town Of Wellesley, 15 Min From Costco/Ira Needles Shopping, This Home Offers Small Town Peace And Comfort Minutes Away From City Amenities. (id:23309)
- Address: 196 FERRIS DR
- Location: WELLESLEY
- Ownership: FREEHOLD
- MLS: X4155821
|Office||Main level||3.94 m x 3.66 m|
|Dining room||Main level||4.57 m x 3.3 m|
|Eating area||Main level||3.2 m x 3.18 m|
|Kitchen||Main level||5.11 m x 3.96 m|
|Laundry room||Main level||2.9 m x 1.96 m|
|Living room||Main level||9.45 m x 3.91 m|
|Bedroom 4||Second level||3.94 m x 3.68 m|
|Bedroom 3||Second level||4.39 m x 4.14 m|
|Bedroom 2||Second level||4.37 m x 3.76 m|
|Master bedroom||Second level||5.44 m x 4.24 m|
Monthly Mortgage Payments
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- 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.
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