The housing market may be in recovery and some analysts are predicting that mortgage rates will be heading upward. In that case, and in any case prospective, current home seekers as well as homeowners are always looking to lock into the lowest interest rate possible.

Here are some tips to help home buyers shop for the best rate:

Before you call your lender and ask for the best rate you need to know two things:

1. The number of points you want to pay.

2. The length of time you want to lock in the rate.

Knowing what you are planning on doing with your home and how long you intend to stay there will give you a baseline for comparison of rates.

Don’t just call any old lender advertising the lowest rates. As not all real estate professionals are alike, neither are lenders. You need a reliable lender¬†who will not try to trick you into a lower rate only to change the rate on you later.

The best way to find a lender is through a referral.  Once you have found a lender you will want to shop around for a few more. Make sure to be up front with everyone, and be consistent. Call them all on the same day and provide the same information to everyone.

The interest rate is not the only fee to consider when borrowing money to buy a house. Be sure to ask about all the additional fees associated with the loan.

For more information check out the Truth in Lending Act.

 

 


Date: 07/20/2014 Time: 11:30 AM to 1:00 PM  
For Directions: click on the map image or feel free to contact me.  
For more information: click here for the full details  

Freshly painted for Spring Time! Welcome to North Salem! This is a rare colonial home with classic charm and modern upgrades that is found on a quiet street with a large flat yard. New Roof! New Windows! The totally renovated kitchen, with new stainless steel appliances, has been expanded for greater comfort and convenience. Enjoy the granite counter tops and tile back splash of your new kitchen. The shining hardwood floors through out the first floor are a “must see”. Period paint colors for the first floor accent the colonial charm. The second floor has recently been expanded with new dormers that bring space, light and comfort. So spacious! A brand new second floor bathroom adds convenience. The electrical service has been expanded to a 200 amps. Whether you are down sizing, or purchasing your first house, this fantastic classic will become your home!

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Date: 07/20/2014 Time: 1:30 PM to 3:00 PM  
For Directions: click on the map image or feel free to contact me.  
For more information: click here for the full details  

Spacious and comfortable, you will love your new home. This tree lined street is in the heart of North Salem. You’ll love your large living room, your traditional dining room, the built in features and the beautiful bow windows. Premium, Carolina Pine flooring throughout add to the elegance of this condominium. White Oak floors in your kitchen. Your eat in kitchen has stainless steel appliances and granite counter tops. Your bedrooms have spacious closets and plenty of room. Your sun filled unit has had recent electrical upgrades and includes replacement windows. This unit also has an exclusive use garage. Enjoy your private back yard. Potential to expand the 2nd floor living space by bringing back the original deck. Make North Salem your home! Coin operated laundry machine in the basement. Additional storage space included. Easy access to the Commuter Rail and 128. Call for an appointment today.

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Salem, MA:

This Multi-Family in Salem, MA recently sold for $325,000.

This property features 13 total rooms, 5 bedrooms, 0.11 acres, and was sold by
Daniel Meegan – J. Barrett & Company

Here are some other properties available in Salem,MA you may like:

Salem
$265,000
Salem
$289,900
Salem
$299,900
Salem
$250,000



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