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Feature Property - 0 Crandall Street

$399,000

Photo of 0 Crandall Street, Pembroke, ON, K8A 8C6.

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Address: 0 Crandall Street	City/ST: Pembroke, ON	Zip Code: K8A 8C6
Location: Pembroke, Ontario	Property Type: Land	New or Resale: Resale
MLS# 746234

Subject to zoning and approvals, this property could be a development piece or an incredible building site for a single family dwelling. 315 feet of frontage on the almighty Ottawa River. Call us today for further details...

Last Updated: 1/20/2010 2:48:09 PM

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Financing Your Home >Assuming a Mortgage

You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.

Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.

Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.

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Q	Which house over 100 years old still holds the title as the largest house in the U.S.?
A	The 250-room Biltmore House in Asheville, NC, built 1890-1895 at a cost of $4.4 million, is the largest house in the US.
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The Drew Scott Team, REALTOR�, real estate agent and broker for Pembroke, Petawawa and Renfrew County, Ontario home listings, property and land for sale - NUMBER1EXPERT

Scott Team Real Estate
RE/MAX Pembroke Realty Ltd.
182 Pembroke Street East
Pembroke, ON Canada K8A 3J7
Phone #: 613-732-3601
613-735-8188
866-735-8188
Fax #: 613-732-0999
Drew Scott: Drew@ScottTeamRealEstate.com
James Scott: James@ScottTeamRealEstate.com
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