Classic Properties REALTORS ®



Posted by Classic Properties REALTORS ® on 1/16/2019


67 Fisher St., Medway, MA 02053

Single-Family

$554,900
Price

10
Rooms
4
Beds
3
Baths
Captivating ! it will delight you- meticulous care. Glowing hardwd floors thruout.. Beautiful remodeled kitchen- quality carrara marble countertops, ample cabs, pantry, recessed lights, double SS sink, updated faucet, double SS ovens, SS dishw/h & "custom fit" SS refrig.. Add'l 14x20 sunny den/ exercise r.m. w/ handy 1st fl bath w/shower & vanity, & separate laundry rm.Flowing floor plan leads to relaxing FR w/ brick fireplac & custom mantel .Charming LR & Dining rm. too! 2nd fl w/ splendid Master bedrm & adjacent restful sitting-rm w/ skylites; serves as personal library, study/office, nursery. See the impressive master bath, walk-in shower,w/ carrara marble tile, tile floor, glass shower doors, double vanity sink. Spacious main ba. w/ double vanity. 3 more lovely bedrms, w/ hardwd fls. Exterior has lovely trek deck to view wooded rear yd w/ perennials. Approx 5 min. to rte 495 ,15 min. to MAPike, &Train to Bos. Shopping & Cinema nearby,can be ready for your move, buy now!
Open House
Saturday
January 19 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 67 Fisher St., Medway, MA 02053    Get Directions

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Categories: Open House  


Posted by Classic Properties REALTORS ® on 1/13/2019

Applying for a mortgage can be a lengthy and difficult process. Lenders want to know that they are going to get a return on their investment.

To ensure that they’ll see that positive return they will take a number of things into consideration, such as your income, credit score, employment history, and financial capital.

First-time homeowners often struggle when it comes to these prerequisites since they have fewer years of numbers for lenders to consider. If you’re one of those people, don’t worry--you can still purchase a home.

First-time homeowner loans, which are guaranteed by the U.S. government, and a number of private loans enable people to borrow money for a home without paying a huge down payment or having a vast credit history.

One downfall of said loans is private mortgage insurance, or “PMI.”

In this article, we’re going to talk about what private mortgage insurance is, how to avoid it, and how to get rid of it. 

What is PMI?

If you make a down payment on a mortgage that is less than 20% of the loan amount, you will most likely have to pay private mortgage insurance.

PMI exists as a way for lenders to help guarantee they won’t lose money off of your loan. If you make a down payment of 20% or more, then lenders are typically satisfied that they won’t lose money from doing business with you.

PMI is not to be confused with home insurance, which protects you against damage and theft. Rather, it is an additional fee you’ll pay to your lender each month that is added to your mortgage payment.

PMI is calculated based on a few considerations. Lenders will take into account your down payment amount, the value of the mortgage, and your credit score.

In terms of costs, PMI typically costs between .5 and 1% of the total mortgage amount each year.

Avoiding PMI

Naturally, it’s best to avoid paying private mortgage insurance altogether. Private mortgage insurance has no future value for you and your family since it doesn’t count towards building equity and doesn’t protect you from any potential financial harm (your lender is the sole beneficiary of PMI).

Saving for a down payment can take time, and sometimes you’ll need to rent or cut costs while you save. However, if you do take on a loan with PMI, you can still cancel it at a later point.

Canceling your private mortgage insurance

The first thing you should know about canceling PMI is that it usually isn’t easy. You’ll need pay off at least 20% of the home, write a letter to your lender, and wait for an appraisal of the home. Once you’ve done this, you still have to wait while your lender considers your request. In all, this process could take months--months that you’re still required to pay PMI.

Once common way to get out of PMI is to refinance. If the value of your home has increased since the time of you taking on the loan, the new lender likely won’t require PMI. However, you’ll want to make sure that refinancing will get you a lower interest rate and cover the costs of refinancing. 





Posted by Classic Properties REALTORS ® on 1/6/2019


48 Main Street, Foxboro, MA 02035

Single-Family

$475,000
Price

10
Rooms
3
Beds
2/1
Full/Half Baths
Rare opportunity to own Stately Victorian! Very open flow! ALL IMPORTANT UPDATES! 10 Rooms! NEWER Kitchen w/granite and quartz counters, double oven, gas cooking, gas heating system, insulation blown in, pellet stove, paint and flooring. New Mansard roof and exterior paint 4 years ago. Huge Newer Driveway and New Electric Box! Many opportunities for creative use of all this space, very spacious rooms. Walking distance to town, park, fields, playground and State Forest. Two Story Carriage House house with electricity needs work but offers many opportunities. Keep in mind loads lots of room for further sleeping arrangements. Third floor could be playroom/children's den or guest bedrooms. Nicely fenced in yard! Loads of house for this price point! Wonderful Foxboro Schools! Not a drive by! Bring offers!
Open House
No scheduled Open Houses

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Categories: Price Change  


Posted by Classic Properties REALTORS ® on 1/6/2019

If you live in one state, but are trying to buy a home in another state, you’ll face some obvious challenges. There’s certain steps that you can take to help you get through the home buying process in another state. Whether you’re buying a vacation home, or are in a complete transition, you’ll need to follow a few steps to make life easier for you. 


Know How Much Time You Have


First, you’ll need to ask yourself when you’re planning to move. If you have flexibility and are planning a trip to the new state before you need to move, that paints a much different picture than a more rushed move. Consider:


  • The time it will take to sell your current home
  • When the closing will be on the new home


Keep that timeline in mind.


You’ll definitely want to hire a realtor to handle everything for you on both ends when you’re in this situation. A Realtor’s knowledge and experience is definitely worth it to help you.


Get Your Finances In Order


You’ll need to apply for a loan on the home you’re buying in the new state. You should start by getting pre-approved for a mortgage in that state. You don’t want all of your important paperwork to be buried in the midst of packing and moving. Also, you’ll need to have that loan secured before you even head to the new state to close on the home. Everything should be in order. This situation may be more challenging for you than a typical home purchase. Since big purchases affect your credit score, you’ll need to hold off on buying a car, furniture, or any major appliances that you may need. 


Get As Much Information As You Can


As a buyer who is from out of state, you’ll need to do your homework. Maybe you have visited the state many times before. Perhaps you know nothing about it. The more you know ahead of time, the easier that your transition will be. You’ll need to find recommendations about which neighborhood to search in. You’ll also want to learn a bit more about the lifestyle the area provides for activities like dining, entertainment, and recreation. You can learn a lot in the internet, but talking to locals- even a local realtor- can help you to find the right spot to live in. 


Find The Right Realtors


You’ll need to find the right realtors in both your home state and the state that you’re moving to. The seller’s agent will assist you in getting your old home sold. From marketing the listing to home showings to sending you all of the paperwork that you’ll need to sign, a seller’s agent is very valuable to someone who needs to move out of one state and into another. 


The buyer’s agent can help you in your new state, communicating with you on new listings and advising you on the neighborhoods that you’ll be the most happy in. Hiring these two realtors may be one of the most important steps in your feat of moving across two different states.


With the resources that are available online, moving from state-to-state isn't as hard as it may seem. Do your research for a smooth transition. Happy moving!





Posted by Classic Properties REALTORS ® on 1/5/2019


67 Fisher St., Medway, MA 02053

Single-Family

$554,900
Price

10
Rooms
4
Beds
3
Baths
Captivating ! its quality will delight you- meticulous care. Glowing hardwd floors thruout.. Beautiful remodeled kitchen- quality carrara marble countertops, ample cabs, pantry, recessed lights, double SS sink, updated faucet, double SS ovens, SS dishw/h & "high-end" SS refrig.. Add'l 14x20 sunny den/ exercise room, w/ exterior access to lge. easy-care trek deck. 1st fl bath w/shower & vanity, & separate laundry rm.. Flowing floor plan leads to relaxing FR w/ brick fireplac & custom mantel & to charming LR & Dining rm.. 2nd fl w/ splendid Master bedrm & adjacent restful sitting rm w/ skylites; serve as personal library, study/office, nursery. See the mpressive master bath, walk-in shower,w/ carrara marble tile, tile floor, glass shower doors, double vanity sink. Spacious main ba. w/ double vanity. 3 more lovely bedrms, w/ hardwd fls. Approx 5 min. to rte 495 ,15 min. to MAPike, &Train to Bos. Shopping galore & Cinema nearby., can be ready for your move, buy now!
Open House
No scheduled Open Houses

Similar Properties





Categories: New Homes