Gene Mullen - Berkshire Hathaway HomeServices Commonwealth Real Estate



Posted by Gene Mullen on 11/29/2018


13 Eustis Ave, Wakefield, MA 01880

Single-Family

$539,000
Price

6
Rooms
3
Beds
2
Baths
Maybe your last chance this year to find a classic cape in one of Wakefield's desirable westside neighborhoods. Somewhat dated, but well maintained, this cape with full shed dormer is ready to shine with just a few modest updates. Fireplace living room, oak hardwood flooring under wall to wall carpeting on both levels, optional 14 x 12 dining room or bedroom on 1st floor plus 2 generous size bedrooms and bath on the second floor. Situated on a 15,218 Sf lot, the attached garage functions as a drive through to the back yard and custom built garage with 2 bays, workshop area and walk up loft. A rare find and two thumbs up from any car enthusiast and/or mechanic that would love to find a home for their other toys as well. Please note, 4 post hydraulic car lift is included in sale.
Open House
Saturday
December 01 at 11:00 AM to 1:00 PM
Still time to make your move to Eustis Ave.
Cannot make the Open Houses?
Location: 13 Eustis Ave, Wakefield, MA 01880    Get Directions

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Categories: Price Change  


Posted by Gene Mullen on 11/27/2018

You can ask any homeowner-buying and owning a home is expensive. Mortgage payments, property taxes, utilities, and other bills quickly add up.

If you want to buy a home but donít have a large down payment saved, odds are youíve discovered something called private mortgage insurance (PMI).

PMI is an extra monthly payment that you make (on top of your mortgage payment) when you donít have enough to make a large (20%) down payment on your home.

However, if you want to buy a home and donít want to tack on an extra monthly payment for PMI, you have options. In todayís post, Iím going to talk about some ways to avoid paying PMI on your mortgage so you can save more money in the long run.

PMI Basics

Before we talk about getting rid of PMI, letís spend a minute on what to expect when you do have to pay it.

PMI typically costs 0.30% to %1.15% of your total loan balance annually. That means that your PMI payments will decrease a moderate amount as you pay off your loan.

Furthermore, once you have paid off 22% of your loan, your PMI will be cancelled and youíll only be responsible for your regular monthly mortgage payments.

Getting PMI waived early

With conventional loans, you can request to have your PMI cancelled once youíve paid off 20% of the mortgage. However, many buyers with PMI are using some form of first-time buyer loan, such as an FHA loan.

With an FHA loan, youíll be stuck with PMI for the lifetime of the loan if you donít make a down payment of 10% or more. Thatís a lot of PMI payments, especially if you take out a 30 year loan, and it can quickly add up.

If you have an FHA loan with FHA insurance, the only way to cancel the insurance is to refinance into a non-FHA insured loan. And remember--refinancing has its own costs and complications.

Making it to the 20% repayment mark

On conventional loans, the best way to get rid of PMI is to reach your 20% repayment mark as soon as possible. That could mean aggressively paying off your mortgage until you reach that point.

This can be achieved by making extra payments, or just paying more each month. However, you donít want to neglect other debt that could be accruing costly interest in favor of paying off your loans. Make sure you do the math and find out which debt will be more expensive before neglecting other debt.

Once you do reach the 20% repayment mark, youíll have to remember to apply to have your PMI canceled with your lender. Otherwise, it will be canceled automatically at 22%.





Posted by Gene Mullen on 11/21/2018


13 Eustis Ave, Wakefield, MA 01880

Single-Family

$549,000
Price

6
Rooms
3
Beds
2
Baths
Maybe your last chance this year to find a classic cape in one of Wakefield's desirable westside neighborhoods. Somewhat dated, but well maintained, this cape with full shed dormer is ready to shine with just a few modest updates. Fireplace living room, oak hardwood flooring under wall to wall carpeting on both levels, optional 14 x 12 dining room or bedroom on 1st floor plus 2 generous size bedrooms and bath on the second floor. Situated on a 15,218 Sf lot, the attached garage functions as a drive through to the back yard and custom built garage with 2 bays, workshop area and walk up loft. A rare find and two thumbs up from any car enthusiast and/or mechanic that would love to find a home for their other toys as well. Please note, 4 post hydraulic car lift is included in sale.
Open House
Sunday
November 25 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 13 Eustis Ave, Wakefield, MA 01880    Get Directions

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Categories: Open House  


Posted by Gene Mullen on 11/20/2018

There is no shortage of smart home devices available to property owners nationwide. From light bulbs to thermostats, there are lots of devices that you can pick up to transform an ordinary residence into a smart house.

Ultimately, there are plenty of reasons to invest in smart home devices. These reasons include:

1. Smart home devices offer unmatched convenience.

A smart home device is designed to simplify a myriad of tasks. Plus, a smart home gadget is easy to use, regardless of your technical background or expertise.

When it comes to automating chores around the house, there may be no better option than a smart home device. For instance, a smart vacuum now enables homeowners to control a vacuum from any location, at any time. This means you can use a smart vacuum to keep your house neat and tidy Ė even when you are not at home.

2. Smart home devices are proven to perform.

Smart home gadgets are equipped with state-of-the-art technology. Additionally, they are constructed from heavy-duty materials to ensure they can serve you well both now and in the future.

And let's not forget about the savings that smart home devices can provide. For example, a smart thermostat may be used to activate your home's heating or cooling system at different times during the day. As a result, this thermostat may help you save hundreds of dollars on your heating and cooling expenses over the course of a year.

3. Smart home devices won't break your budget.

Many smart home devices are available, and they are sold across a wide range of price points. In fact, some smart home devices may require a minimal upfront investment, and the savings that they provide may quickly exceed this investment.

Of course, smart home devices may help you boost the value of your residence as well. With smart gadgets installed throughout your home, your residence may prove to be an attractive option to buyers if you ever decide to sell it. Or, if you decide to remain in your current residence, you can continue to enjoy your smart home gadgets for years to come.

4. Smart home devices can help protect your residence.

Smart security cameras are available that make it simple to monitor your residence on your smartphone or tablet. Meanwhile, these cameras allow you to track activity outside of your home and limit the risk of theft or property damage.

Some smart security cameras also may allow you to lower your home insurance costs. Insurers may provide discounts based on home security investments, and as such, smart security cameras may allow you to reduce your home insurance expenses in the foreseeable future.

Clearly, there are many reasons why homeowners choose smart house devices. By reviewing the smart home devices at your disposal, you are sure to find some that will serve you well.





Posted by Gene Mullen on 11/16/2018


3 Walnut Street, Wakefield, MA 01880

Rental

$2,400
Price

5
Rooms
3
Beds
1
Baths
Prime commuter location for this clean 3 bedroom 1 bath westside rental in Wakefield. Recently renovated and available for Dec. 1st or sooner occupancy, you won't find a better 3 BR apartment on the market at this price. Good size kitchen, living room, full bath and 1 bedroom on main level plus 2 additional bedrooms on third floor. You're easily connected to everything from here, with trains, lake, parks and even downtown only steps away. Added features include rear 7x10 deck, separate driveway for up to 3 cars and laundry hook ups available in basement. Small pets subject to approval will be considered, but no smoking allowed. Gas and electric not included in rent. Please note that references and good credit reports are required with all applications.
Open House
Saturday
November 17 at 3:00 PM to 4:00 PM
Open for group showings between 3:00 and 4:00 today. Stop by to take a look.
Cannot make the Open Houses?
Location: 3 Walnut Street, Wakefield, MA 01880    Get Directions

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Categories: Open House  




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