229 FRANK Street Wiarton Ontario
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Searching for a home for your growing family? Welcome to 229 Frank Street! Perfectly located across the road from a public park and only 4 blocks away from the school as well as a short walk to all amenities Wiarton has to offer! Current owners have done extensive renovations, beautifully redone on the inside this home features a large eat in kitchen that is open to the living room providing lots of space to entertain! Total of 5 bedrooms, massive master bedroom with walkout to the patio & hot tub. Main floor offers an oversized 4pc bathroom & laundry. Outside this home is maintenance free with all vinyl siding as well as a steel roof and updated windows. A gas furnace was installed in 2013, A/C in 2015 and a new efficient gas hot water tank. This property features a large 24x24 garage/workshop that is insulated and heated with a gas space heater, making it the perfect workshop or man cave. Call today for your private viewing.
Wiarton -- Balanced Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Wiarton -- 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.