StartPoint Realty | Leominster Real Estate, Sterling Real Estate, Worcester Real Estate



5 Harvard St, Natick, MA 02134

Rental

$1,600
Price

4
Rooms
2
Beds
1
Baths
Best commuter location! Walk to town, MBTA (4-min) and transportation, restaurants, stores, library (7-minute), The Center of Arts (TCAN 7-minute), post office (8-minute), and the best of what Natick has to offer! Sun-drenched 2 bedroom-1 bathroom unit in one of the best neighborhoods in Natick. Updated bathroom. Parking available on driveway. Washer and dryer in unit. Water, ground maintenance, snow removal included in rent. Natick public schools. Schedule a showing and move right in! No smoking, no pets, please.
Open House
No scheduled Open Houses

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84 Strathmore Rd, Boston, MA 02135

Brighton

Rental

$2,250
Price

4
Rooms
2
Beds
1
Baths
Fresh painted whole unit! Looks new! IDEAL BROOKLINE/BRIGHTON LOCATION,include one off-street assigned parking just behind building. Step to B and close to C,D lines. Upgraded kitchen with granite counter top, stainless steel appliance, spacious 2 bedrooms in excellent condition, Hardwood floors. High ceilings. Ample closets.Close to the Shopping, Restaurants.Great neighborhood and professional management company.
Open House
No scheduled Open Houses

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Whether you’re a first time homebuyer or a seasoned homeowner, the terminology of mortgages can be confusing. Since buying a home is such a huge financial decision, you’re also going to want to make sure you understand every step of the process and all of the conditions and fees along the way.

In this article, we’re going to explain some of the common terms you might come across when applying for a home loan, be it online or over the phone. By learning the basic meaning of these terms you’ll feel more confident and prepared going into the application process.

We’ll cover the acronyms, like APRs and ARMs, and the scary sounding terms like “amortization” so that you know everything you need to about the terminology of home loans.

  • ARM and FRM, or adjustable rate vs fixed rate mortgages. Lenders make their money by charging you interest on your home loan that you pay back over the length of your loan period. Adjustable rate mortgages or ARMs are loans that have interest rates which change over the lifespan of your loan. You may start off at a low, “introductory rate” and later start paying higher amounts depending on the predetermined rate index. Fixed rate mortgages, on the other hand, remain at the same rate throughout the life of the loan. However, refinancing on your loan allows you to receive a different interest rate later down the road.

  • Amortization. It sounds like a medieval torture technique, but in reality amortization is the process of making your life easier by setting up a fixed repayment schedule. This schedule includes both the interest and the principal loan balance, allowing you to understand how long and how much money will go toward repaying your mortgage.

  • Equity. Simply state, your equity is the the amount of the home you have paid off. In a sense, it’s the amount of the home that you really own. Your equity increases as you make payments, and having equity can help you buy a new home, or see a return on investment with your current home if the home increases in value.

  • Assumption and assumability. It isn’t the title of a Jane Austen novel. It’s all about the process of a mortgage changing hands. An assumable mortgage can be transferred to a new buyer, and assumption is the actual transfer of the loan. Assuming a loan can be financially beneficial if the home as increased in value since the mortgage was created.

  • Escrow. There are a lot of legal implications that come along with buying a home. An escrow is designed to make sure the loan process runs smoothly. It acts as a holding tank for your documents, payments, as well as property taxes and insurance. An escrow performs an important function in the home buying process, and, as a result, charges you a percentage of the home for its services.

  • Origination fee. Basically a fancy way of saying “processing fee,” the origination covers the cost of processing your mortgage application. It’s one of the many “closing costs” you’ll encounter when buying a home and accounts for all of the legwork your loan officer does to make your mortgage a reality--running credit reports, reviewing income history, and so on.  



21 West St. Unit A1, Randolph, MA 02368

Rental

$1,800
Price

5
Rooms
2
Beds
1
Baths
It's all about location when you want convenience. This condo for lease is located near bus stop, grocery, restaurants, shopping, highway, park, school and so much more. Enclosed dining room can be a 3rd bedroom. Updated and ready for the new tenant. Very huge living room and good size bedrooms. You get 1040 sq ft of living space, which is more than plenty. No pets and no smoking please. In building coin operated laundry and extra storage available. One assigned parking available and there are visitor parking available.
Open House
No scheduled Open Houses

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This Single-Family in Quincy, MA recently sold for $275,000. This Colonial style home was sold by Office Sterling - StartPoint Realty.


547 Sea St, Quincy, MA 02169

Single-Family

$249,900
Price
$275,000
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
Rehab Opportunity! Completely gutted but charming 3 bedroom 1.5 bath home with great layout, high first floor ceilings, replacement windows and vinyl siding. The property was gutted due to a frozen pipe over the winter. Bring your tape measure and your contractor! Property Sold As -IS. OPEN HOUSE SATURDAY AUG. 4th 10-12pm. Highest and Best Offers due Sunday August 5th at 5pm.

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