28-32 BOULTON ST Wiarton Ontario
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Located on the 'Ridge' in Oliphant, this 1688sq.ft. year-round home or winterized cottage sits on an oversized lot and is only a short walk to the Municipal Dock area of the central Oliphant. Interior highlights include: 2 bedroom home with large living room, 4pc bathroom, and additional family room that could be an easy conversion to third bedroom. Additional property features: 25' x 30' garage/workshop, Bunkie, east and west decks, metal roof, full block foundation, 200amp breaker panel. This is the first time this property has been available for sale in decades so don't wait to book your personal 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.