Barbara Brant - Middleboro, MA Real Estate, Lakeville, MA Real Estate and surrounding towns



95 Spruce St, Middleboro, MA 02346

South Middleborough

Single-Family

$619,000
Price

12
Rooms
4
Beds
3
Baths
Don't be fooled by the year built - home was completely rebuilt in 1995, small section of the home was original then rebuilt, the remainder was built in 1995. Unique Farm House with 4-5 Bedrooms, 2 home offices, open floor plan great for entertaining. Large Open Kitchen with cathedral ceiling and beams, dining area, plenty of cabinets - custom southern yellow pine, granite counters, stainless appliances and French doors. Cozy living room with gas fireplace insert, dining room with fireplace (capped). Large family room, gas fireplace, French doors, access to deck. First floor bedroom, mud room and a full bath w/laundry complete the first floor. Second floor master with full tiled bath, 3 years old. Two additional bedrooms and full bath complete the second floor. Many areas for entertaining outside/6 acre lot, deck, patio, fireplace, above ground pool/apple orchard/blueberry patch and more. Detached 3 car garage with storage, irrigation, invisible fence. Too many updates to l
Open House
Sunday
June 25 at 1:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 95 Spruce St, Middleboro, MA 02346    Get Directions

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95 Spruce St, Middleboro, MA 02346

South Middleborough

Single-Family

$619,000
Price

12
Rooms
4
Beds
3
Baths
Don't be fooled by the year built - home was completely rebuilt in 1995, small section of the home was original then rebuilt, the remainder was built in 1995. Unique Farm House with 4-5 Bedrooms, 2 home offices, open floor plan great for entertaining. Large Open Kitchen with cathedral ceiling and beams, dining area, plenty of cabinets - custom southern yellow pine, granite counters, stainless appliances and French doors. Cozy living room with gas fireplace insert, dining room with fireplace (capped). Large family room, gas fireplace, French doors, access to deck. First floor bedroom, mud room and a full bath w/laundry complete the first floor. Second floor master with full tiled bath, 3 years old. Two additional bedrooms and full bath complete the second floor. Many areas for entertaining outside/6 acre lot, deck, patio, fireplace, above ground pool/apple orchard/blueberry patch and more. Detached 3 car garage with storage, irrigation, invisible fence. Too many updates to l
Open House
No scheduled Open Houses

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If you’re in the market to buy a home, you’re probably learning many new vocabulary words. Pre-approved and pre-qualified are some buzz words that you’ll need to know. There’s a big difference in the two and how each can help you in the home buying process, so you’ll want to educate yourself. With the proper preparation and knowledge, the home buying process will be much easier for you.  


Pre-Qualification


This is actually the initial step that you should take in the home buying process. Being pre-qualified allows your lender to get some key information from you. Make no mistake that getting pre-qualified is not the same thing as getting pre-approved.


The qualification process allows you to understand how much house you’ll be able to afford. Your lender will look at your income, assets, and general financial picture. There’s not a whole lot of information that your lender actually needs to get you pre-qualified. Many buyers make the mistake of interchanging the words qualified and approval. They think that once they have been pre-qualified, they have been approved for a certain amount as well. Since the pre-qualification process isn’t as in-depth, you could be “qualified” to buy a home that you actually can’t afford once you dig a bit deeper into your financial situation. 


Being Pre-Approved


Getting pre-approved requires a bit more work on your part. You’ll need to provide your lender with a host of information including income statements, bank account statements, assets, and more. Your lender will take a look at your credit history and credit score. All of these numbers will go into a formula and help your lender determine a safe amount of money that you’ll be able to borrow for a house. Things like your credit score and credit history will have an impact on the type of interest rate that you’ll get for the home. The better your credit score, the better the interest rate will be that you’re offered. Being pre-approved will also be a big help to you when you decide to put an offer in on a home since you’ll be seen as a buyer who is serious and dependable.  


Things To Think About


Although getting pre-qualified is fairly simple, it’s a good step to take to understand your finances and the home buying process. Don’t take the pre-qualification numbers as set in stone, just simply use them as a guide. 


Do some investigating on your own before you reach the pre-approval stage. Look at your income, debts, and expenses. See if there is anything that can be paid down before you take the leap to the next step. Check your credit report and be sure that there aren’t any errors on the report that need to be remedied. Finally, look at your credit score and see if there’s anything that you can do better such as make more consistent on-time payments or pay down debt for a more desirable debt-to-income ratio.



292 Wareham St, Middleboro, MA 02346

Single-Family

$329,000
Price

9
Rooms
4
Beds
1/1
Full/Half Baths
This CAPE has it all, 4 BEDROOMS, 1.5 BATH, 2639 SQUARE FEET, Attached Garage and potential home office with SEPARATE ENTRANCE! Easy access to highway, train, stores, etc. You'll be surprised at the amount of space inside, Oak Cabinet Kitchen, Dining Area with Slate Floor, Fireplaced Living Room, Large Family Room or Home Office with heated loft storage or expansion possibilities. Fenced in yard with patio. Recent updates include: Roof & gutters - 2017 and Conversion to Town Gas - 2014. Enjoy the summer entertaining in your Large Yard, .85 acres!
Open House
Saturday
June 17 at 1:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 292 Wareham St, Middleboro, MA 02346    Get Directions

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Most homeowners would love to be able to pay off their mortgage early. However, few see it as a possibility when they take into account their earnings and other bills.

 There are, however, a few ways to pay down your mortgage earlier than planned. But first, let’s talk about when it makes sense to try and pay off your mortgage.

 When to consider paying off your mortgage early

If you recently got a promotion, have someone move in with you who contributes to paying the bills, or recently got a secondary form of income, you might want to consider making extra payments on your mortgage.

However, having extra money doesn’t always mean you should spend it immediately on your home loan.

First, consider if you have a large enough emergency savings fund. It might be tempting to try and throw any extra money at your mortgage as soon as possible, but there are other financial commitments you should plan for as well.

If you have kids who will be applying to college soon, remember that student aid takes into account their parents’ finances. If your children plan on applying to institutions with high tuition, then your equity will be counted against you.

Refinancing to pay your mortgage early

Refinancing your home loan is one option if you’re considering increasing the payments on your mortgage. If you can refinance a 30-year loan to a 15-year loan with a lower interest rate, you’ll save money in two ways--your lower interest rate and the fact that you’ll be accruing interest for less time.

There is a downside to refinancing. Once you refinance, you’re locked into your new payment amount. So, if your higher income isn’t dependable, it might not make sense to commit to a higher monthly payment that you aren’t sure you’re going to be able to keep paying.

There’s also the matter of refinancing costs. Just like the costs associated with signing on your mortgage, you’ll have to pay closing costs on refinancing. You’ll need to weigh the cost of refinancing against the amount you’ll save on interest over the term of your mortgage to see if it truly makes sense to go through the refinancing process.

Paying more on your current loan

Even if you aren’t sure that refinancing is the best option, there are other ways you can make payments on your mortgage to pay it off years sooner than your term length.

One of the common methods is to simply make thirteen payments each year instead of twelve. To do this, homeowners often use their tax returns or savings to make the thirteenth payment. Over a thirty year mortgage, this could save you over full two years of added interest.

A second option is to make two bi-weekly payments rather than one monthly payment. By making biweekly payments you have the ability to make 26 payments in a year. If you were to just make two payments per month then you would make 24 total payments. Over time, those two extra payments per year add up.




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