Renee Prunier


Posted by Renee Prunier on 9/3/2018

An adjustable-rate mortgage (ARM) offers a home loan with an interest rate that may move up or down. Therefore, with an ARM, your mortgage payments may rise or fall depending on a variety of market factors.

For many homebuyers, an ARM remains a viable home financing option for a number of reasons, including:

1. Lower Interest Rate at the Beginning of Your Mortgage

An ARM enables you to purchase a home that may exceed your price range. As such, it frequently represents an ideal option for a young professional who expects his or her income to rise over the next few years.

With an ARM, you are able to lock in an interest rate for the first few years of your mortgage. For instance, with a 5/1 ARM, your interest rate will remain in place for the initial five years of your home loan. This means that your mortgage payments will remain the same for five years, then rise or fall based on market conditions.

Ultimately, an ARM may help you secure your dream home. In fact, an ARM often allows homebuyers to pay a lower interest rate at the beginning of a mortgage than the interest rate associated with many traditional fixed-rate mortgage (FRM) options.

2. Extra Savings for Home Improvements

If you choose an ARM with a below-average interest rate, you may be able to save extra money that you can use to improve your home.

For example, if you want to overhaul your residence's attic or basement or add an outdoor swimming pool, an ARM may help you do just that. Because you'll know exactly what you're paying for the first few years of your home loan, you can budget accordingly and invest in home improvements that may help you boost the value of your home.

3. Affordable Short-Term Financing

If you intend to live in a home for only a few years, an ARM may be preferable compared to an FRM.

In many instances, an ARM will feature a lower interest rate than an FRM. As a result, if you take advantage of an ARM, you may be able to secure a great house at an affordable price. Plus, if you sell your home before your initial interest rate expires, you can avoid the risk that your interest rate and monthly mortgage costs may rise.

Homebuyers should evaluate both ARM and FRM options. By doing so, a homebuyer can assess his or her home loan options and make an informed decision.

If you ever have ARM or FRM questions, banks and credit unions are happy to respond to your queries. These lenders will enable you to evaluate your financing needs so you can acquire your dream house.

Furthermore, consulting with your real estate agent may deliver immediate and long-lasting benefits. Your real estate agent can offer home loan recommendations and put you in touch with local lenders.

Dedicate the necessary time and resources to assess your home financing options, and you can move one step closer to securing your ideal house.




Tags: Mortgage   mortgage rates  
Categories: Uncategorized  


Posted by Renee Prunier on 9/1/2018

This just might be the one you have been waiting for. Many great features and updates including a Complete In-law / extended family / Au pair suite addition on the 1st floor built in 2005. The main house offers an open kitchen / dining area with new granite, microwave and Stove installed in 2017. Fantastic 3 season porch, front to back living room with brick fireplace. 1st floor bedroom could be used for Master or office. New carpet on stairs, hallway and 2nd floor bedrooms, Freshly painted thru-out. Bonus office/den on 2nd floor with hardwood & Skylight. Grand 24x24 vaulted ceiling great room with Hardwood flooring, skylights & french door to 2nd floor deck overlooking tree lined fenced back yard. Generac 17kw whole home standby generator included. Two car beamed garage with high ceilings & storage. Private setting in a sought after neighborhood just minutes to Rte 20 and Stafford Street. Owners worked hard to prepare this home for you to just move in! Quick closing Possible.

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Posted by Renee Prunier on 8/31/2018


95 Glover Street, Southbridge, MA 01550

Single-Family

$189,900
Price

7
Rooms
4
Beds
2/1
Full/Half Baths
Nicely maintained move in ready home with recent updates abutting town reservoir. Some fresh paint and new flooring. Roof 3 years old and Windows 4-5 years. Unique floor plan offering a large open Cabinet packed Kitchen with great counter space and beautiful picture window to bring in natural sunlight.in the walk-out lower level. Nice tree lined back and side yard with neighboring Resevoir.
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Renee Prunier on 8/30/2018


3 Ponnakin Hill Rd, Charlton, MA 01507

Single-Family

$389,900
Price

11
Rooms
4
Beds
3
Baths
This just might be the one you have been waiting for. Many great features and updates including a Complete In-law / extended family / Au pair suite addition on the 1st floor built in 2005. The main house offers an open kitchen / dining area with new granite, microwave and Stove installed in 2017. Fantastic 3 season porch, front to back living room with brick fireplace. 1st floor bedroom could be used for Master or office. New carpet on stairs, hallway and 2nd floor bedrooms, Freshly painted thru-out. Bonus office/den on 2nd floor with hardwood & Skylight. Grand 24x24 vaulted ceiling great room with Hardwood flooring, skylights & french door to 2nd floor deck overlooking tree lined fenced back yard. Generac 17kw whole home standby generator included. Two car beamed garage with high ceilings & storage. Private setting in a sought after neighborhood just minutes to Rte 20 and Stafford Street. Owners worked hard to prepare this home for you to just move in! Quick closing Possible.
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Renee Prunier on 8/28/2018


4 Lake View Ave, Brookfield, MA 01506

Single-Family

$274,900
Price

9
Rooms
3
Beds
2
Baths
Welcome home to this fantastic Colonial home with deeded rights to Quaboag Lake. Fully fenced-in level yard offers great privacy with beautiful gardens, fruit trees and fish pond. Plenty of storage in the oversized shed with garage door & opener. The home features a mudroom currently used as a beauty shop with plumbing for a sink. Potential to have wet-bar or utility sink. The kitchen is open to the formal dining room leading to the bonus 1st floor office space and the large livingroom with built-ins. 2nd floor offers 3 bedrooms. Master bedroom has been updated with cathedral ceilings, hardwood floors, 2 closets, skylights, mood lighting and a private master bath. Many updates including andersen windows, newer furnace, update baths, freshly painted interior and more. 2 Oil tanks, 1 car garage, finished family room in basement, bomb shelter and leased solar panels. Great location just minutes to Sturbridge, Charlton and Rte 9 Brookfield / Spencer.
Open House
Sunday
September 09 at 11:30 AM to 1:00 PM
Cannot make the Open Houses?
Location: 4 Lake View Ave, Brookfield, MA 01506    Get Directions

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Categories: Price Change