Posted by Muneeza Realty Group on 8/19/2017

Secure a fixed interest mortgage and you could be responsible for a stable monthly mortgage installment. That puts you out of the world of rising annual rents,what you might have to face if you decide to rent an apartment or even rent a house from someone else. As good as it sounds, if you've reached your middle adult years, you might fear that your chance to own a house has passed.

Why you're not too old to buy a house

If you have been thinking that way, you might be wrong. Laws protect borrowers from discrimination. Lenders also realize that financial stability, financial responsibility and income are key indicators that help reveal whether a borrower is going to repay a mortgage. Age is generally not an indicator.

Over time, borrowers could build retirement savings and personal savings that are not earmarked for retirement. The longer borrowers have been working, they might also have built equity in technology, automobiles, land and art. It's this type of equity that can serve as a leverage during the home loan process.

Buy a house when you're older and you may also have put your children through college, paid off the mortgage on a larger house and advanced your career to the point where you're earning the highest income that you've earned so far in your life.

Each of the above accomplishments, could make it easier to buy and own a house when you're older. Check with your employer to see if they offer perks or loan discounts. It doesn't hurt to ask. Your human resources manager is a good place to start.

Another good resource is your current banker. If you've been managing an account at your current bank, you might be able to take advantage of a mortgage special. Take on a part-time job or freelance from home and you could use money from the additional work to cover your mortgage.

How buying a house could work to your benefit

Take in renters and you could also use the rent money to pay your mortgage. Options to sell your house would be within your reach. Don't rule out letting your adult children, grandchildren or children of your adult friends buy your house years from now.

If your children or grandchildren buy your house, it would keep the house in your family. It could also save your adult relatives money. Other things to consider are your personal and career goals. For example, are you taking steps to start a freelance career, art shop, hair salon or daycare at home?

Other activities that you may want to use a house for after you are older include starting a catering business, virtual personal assistant business or advertising or marketing agency. You just might be someone who decides to start an entirely different career midway through your life.

Whatever your reasons for buying a house during your middle adult years, don't allow fear to stop you. Depending on your personal situation, you could pay off a 30 year mortgage in 15 years or less. As with any borrower, make sure that you have the finances to afford a mortgage. Also, make sure that you're ready to take on the responsibility of maintaining and caring for a property.




Categories: Uncategorized  


Posted by Muneeza Realty Group on 8/18/2017

Pride of ownership in this IMMACULATE NORTH FACING condo in Ternberry neighborhood! No condo Fees!Great commuter access~minutes to I-290, Umass Hospital and Rte 9~Bright open floor plan on the first level with sliders to deck overlooking private flat back yard~Nine foot ceilings and tons of large windows~Harwood flooring throughout~1st Floor master suite~Kitchen with granite counters and stainless steel appliances~Finished basement fully permitted with full bath,3rd bedroom,game room~Recent updates include new ceramic tile in bathrooms, new sinks and toilets, new faucets, new granite counters in both the first floor bathrooms and kitchen~Basement is set up for a game room and a built in projector and sound system which comes with the house~Located on a dead end cul-de-sac~this will not last! Showings begin at the open house on Sunday at 2:00 pm.

More Info on this Property | New Listing Alerts





Posted by Muneeza Realty Group on 8/18/2017

Completely renovated since its origin, this house is made for a large family~1.4 mile walk to Boston MBTA~ 3 levels comprise of over 4200 sqft of finished living space and feature a total of 4 bedrooms,3.5 baths, huge office, and a massive bonus room~Tons of storage~ Gorgeous 648 sqft screened wrap around porch with Mahogany decking off the back of the house~Family room with floor to ceiling bow window overlooks a flat and fenced in back yard with mature landscaping~Convenient 1st floor bedroom and full bathroom can be used for in-law or guests~2nd floor features large den/work space and office with built-in desk,cabinets & skylights,a master suite, 2 large sized bedrooms, another full bath, loft and a craft room~ 3rd floor features a bonus room and 1/2 bath~Unfinished walkup attic~Natural gas on street~Playground at end of street~Easy access to Route 2 and 495, shopping and restaurants~this home offers Actonís top-notch schools & a convenient commute to Boston.

More Info on this Property | New Listing Alerts




Categories: Uncategorized  


Posted by Muneeza Realty Group on 8/17/2017


17 Eagle Dr, Shrewsbury, MA 01545

Condo

$415,000
Price

7
Rooms
3
Beds
3
Baths
Pride of ownership in this IMMACULATE NORTH FACING condo in Ternberry neighborhood! No condo Fees!Great commuter access~minutes to I-290, Umass Hospital and Rte 9~Bright open floor plan on the first level with sliders to deck overlooking private flat back yard~Nine foot ceilings and tons of large windows~Harwood flooring throughout~1st Floor master suite~Kitchen with granite counters and stainless steel appliances~Finished basement fully permitted with full bath,3rd bedroom,game room~Recent updates include new ceramic tile in bathrooms, new sinks and toilets, new faucets, new granite counters in both the first floor bathrooms and kitchen~Basement is set up for a game room and a built in projector and sound system which comes with the house~Located on a dead end cul-de-sac~this will not last! Showings begin at the open house on Sunday at 2:00 pm.
Open House
Sunday
August 20 at 2:00 PM to 4:00 PM
Cannot make the Open Houses?
Location: 17 Eagle Dr, Shrewsbury, MA 01545    Get Directions

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Categories: Open House  


Posted by Muneeza Realty Group on 8/17/2017


17 Eagle Dr, Shrewsbury, MA 01545

Condo

$415,000
Price

7
Rooms
3
Beds
3
Baths
Pride of ownership in this IMMACULATE NORTH FACING condo in Ternberry neighborhood! No condo Fees!Great commuter access~minutes to I-290, Umass Hospital and Rte 9~Bright open floor plan on the first level with sliders to deck overlooking private flat back yard~Nine foot ceilings and tons of large windows~Harwood flooring throughout~1st Floor master suite~Kitchen with granite counters and stainless steel appliances~Finished basement fully permitted with full bath,3rd bedroom,game room~Recent updates include new ceramic tile in bathrooms, new sinks and toilets, new faucets, new granite counters in both the first floor bathrooms and kitchen~Basement is set up for a game room and a built in projector and sound system which comes with the house~Located on a dead end cul-de-sac~this will not last! Showings begin at the open house on Sunday at 2:00 pm.
Open House
Sunday
August 20 at 2:00 PM to 4:00 PM
Cannot make the Open Houses?
Location: 17 Eagle Dr, Shrewsbury, MA 01545    Get Directions

Similar Properties





Tags: Shrewsbury   Real Estate   Condo   01545  
Categories: New Homes  




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