Posted by Mary Lou Buckley on 8/3/2018

This Single-Family in Derry, NH recently sold for $460,000. This Ranch style home was sold by Mary Lou Buckley - Coco, Early & Associates.


2.5 Hoodkroft Drive, Derry, NH 03038

Single-Family

$439,900
Price
$460,000
Sale Price

4
Bedrooms
14
Rooms
3
Baths
EXECUTIVE BRICK RANCH WITH POTENTIAL IN LAW...within walking distance to Pinkerton Academy! Meticulously maintained and fabulous floor plan! Expansive 3 season porch with center wood burning fireplace and cathedral wood ceiling! Fabulous living room with wood burning white brick fireplace with open concept to dining room and fabulous updated gourmet kitchen with island and stainless steel appliances! 3 spacious bedrooms on the main level with 2 full baths! The bright walkout lower level is finished including laundry room, family room with fireplace and exercise area! Potential in-law has separate entrance with kitchenette area, living room area bedroom with walkout to the spectacular backyard with lush landscaping, inground pool, cabana and more! SPECIAL FEATURES INCLUDE: town water, new septic, newer hot water heater, 3 fireplaces and much more! THERE'S NO PLACE LIKE HOME!






Tags: Real Estate   Single-Family   Derry   03038  
Categories: Sold Homes  


Posted by Mary Lou Buckley on 7/29/2018

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 Mary Lou Buckley on 7/25/2018

This Single-Family in Sandown, NH recently sold for $202,000. This Ranch style home was sold by Mary Lou Buckley - Coco, Early & Associates.


26 Mill Pine Road, Sandown, NH 03873

Single-Family

$199,900
Price
$202,000
Sale Price

2
Bedrooms
6
Rooms
2
Baths
55+ COMMUNITY...................................................... Are you Ready to enjoy the less demanding life style you have been dreaming about ? Snow plowing ,lawn maintenance, trash pick-up, Club House, walking Trails and more. Inside you will find one level living at it's finest. Fully applianced kitchen . Dining room , large living room . A gas fireplace in the living room. Two bedrooms, with an office that could be used as a bedroom. Two full baths. First floor laundry. Ample closet space. A 1 car oversized garage that is 24 feet long. The master bedroom is larger than other homes in the neighborhood due to optional 2 feet added to the length of the building. 10 KW Generator included. The Full Walkout Basement is heated with a pallet stove that stays. This may be just what you are looking for at a fair price.






Categories: Sold Homes  


Posted by Mary Lou Buckley on 7/24/2018

This Single-Family in Beverly, MA recently sold for $405,000. This Raised Ranch style home was sold by Mary Lou Buckley - Coco, Early & Associates.


19 Marsh Ave, Beverly, MA 01915

Single-Family

$405,000
Price
$405,000
Sale Price

7
Rooms
3
Beds
2
Baths
FABULOUS LOCATION WITH WATER VIEWS OF THE CRANE RIVER...Adorable and lovingly maintained 3 BR Raised Ranch! Huge family room in lower level with all daylight windows, full bath and office! Main living area boasts light and bright, eat-in kitchen with sliders to deck overlooking the water! Open concept to the living room with fireplace! 3 spacious bedrooms and a full bath compliment this lovely home! SPECIAL FEATURES INCLUDE: Newer sump pump, 2 sheds, fenced in backyard, newer oil tank, newer roof, leased solar panels on roof, newer microwave, split unit AC only 3 years old, Awning over deck only 3 years, all new toilets! Property allows for mooring in the Crane River. Seller to find suitable housing.

Similar Properties





Categories: Sold Homes  


Posted by Mary Lou Buckley on 7/22/2018

With school loans at an all-time high, and growing for each passing generation, many homeowners are ready to shoulder off any and all debt as quickly as possible. If youíre in this camp and looking to aggressively pay down debt there are a few options available when it comes to paying your mortgage off.

Seller concessions.

Also known as seller contributions, are where the seller agrees to pay a portion of the closing fees for the buyer. This can include title insurance, inspection fees, and processing fees. If the seller is looking to sell the house quickly they may consider agreeing to seller concessions.

Government options for loans.

Energy-efficient Mortgage (EEM) was created to help homeowners renovate to add environmentally friendly features to their home. So if youíre looking to install double-pane windows or update insulation this could be the loan for you.

Federal Housing Administration (FHA) loans offer lower closing costs, smaller down payments, and a fair interest rate.

U.S. Department of Agriculture (USDA) loans can be applied to homes in rural areas, regardless of if they are a part of a farm. You may qualify to apply for zero down payment and loan payments will be at a fixed rate.     

There are also many local programs offered at the state and city level. A quick Google search for loan options for your area should set you in the right direction!

Plan to Refinance

Down the road, you can refinance for a fifteen year home loan instead of thirty. Youíll pay off your loan in roughly half the time and save money on payments towards interest.

Throw It Everything Youíve Got

Youíll want to check with your lending company first as some have penalties for payments outside of the loan terms. However, if possible, making an extra payment either regularly or time to time will help cut down the overall time it takes to pay off your loan.

For example, you can make one extra mortgage payment each year or tighten up your day to day budget and apply what your savings towards your loan. Many homeowners get creative and take on side gigs to create the extra cash necessary to make additional payments.

If you donít have that room to flex you can also always apply any bonuses, tax refunds or windfalls that come your way. This also makes a bigger impact when paired with regularly scheduled extra payments.

Aggressive debt payoff strategies arenít for everyone. And thatís okay! However, if youíre looking to live a debt free life and enjoy your home knowing itís been paid in total these tactics are for you. With some strategy and creativity, you can find plenty of ways to make the process go quickly and smoothly.