Dino Rossi
RE/MAX Preferred Properties | 617-312-3910 | [email protected]


Posted by Dino Rossi on 7/21/2019

Paying off a mortgage early is a dream of many homeowners. By making larger payments on your home loan, you can cut years off of your loan term and save thousands of dollars in interest payments that you can use toward savings or investments. But in an economy that has seen decades of wage stagnation and increasing costs of living, it can often seem like an unattainable goal.

With some planning and initiative, however, there are ways to pay off your home loan before your term limit.

In today’s post, we’re going to talk about three of the ways you can start paying off your mortgage early to avoid high interest payments and save yourself money along the way.

1. Refinance your mortgage

If you’re considering making larger payments on your mortgage, it might make sense to look at refinancing options. Most Americans take out 30-year, fixed-rate mortgages.

If you can afford to significantly increase your mortgage payments each month, you could refinance to a 15-year mortgage. This will save you on the number of interest payments you’ll have to make over the years. But, it will also help you secure a lower interest rate since shorter term mortgages typically come with lower interest rates.

This option isn’t for everyone. First, refinancing comes with fees you’ll have to pay for upfront. You’ll have to apply for refinancing, get an appraisal of your home, and wait for the decision to be made.

But, you’ll also have to ensure that you can keep up with your higher monthly payments. If your income is variable or undependable, it might not be the safest option to refinance to a shorter term mortgage.

2. Make extra payments

An option that entails less risk than refinancing is to simply increase your monthly payments. If you recently got a raise or are just reallocating funds to try and tackle your mortgage, this is an excellent option.

Depending on your mortgage lender, you may be able to simple increase your auto-pay amounts each month, streamlining the process. Otherwise, it’s possible to set up bill-pay with most banks to automatically transfer funds to your lender.

3. Bi-weekly payments or one extra payment per year

Making bi-weekly instead of monthly payments is an option that many homeowners use to pay off their mortgages early. Bi-weekly payments work by paying half of your monthly payment once every two weeks.

The vast majority of homeowners make 12 monthly payments per year. But by switching to 26 bi-weekly payments, you can effectively make 13 full monthly payments in a year without seeing too much of a difference in your daily budget.

This doesn’t seem like much savings in the short term, but let’s take a look at how much you could save over the term of a 30-year mortgage.

On a 30-year fixed mortgage of $200,000 with a 4.03 annual interest rate, you would make a monthly payment of $958.00 and a bi-weekly payment of $479.

Over 30 years of an extra monthly payment, you could save nearly $20,000 on the total interest amount and pay off your mortgage almost 5 years early.




Categories: Uncategorized  


Posted by Dino Rossi on 7/14/2019


150 UPTON STREET, Grafton, MA 01519

Single-Family

$399,900
Price

6
Rooms
3
Beds
1/1
Full/Half Baths
MOVE IN READY!! Set back from the road, this 3-bedroom, 1.5 bath home offers a large welcoming living room with a wood burning fireplace and a picture window to bring in lush green views. The wide open kitchen can accommodate all of your guests, has stainless appliances, plenty of storage in the two sets of cabinets, granite and butcher block countertops, lots of windows and an abundance of natural light. Master includes walk-in closet and half bath. Pass through the bright and sunny three season room on the way to the back deck. Enjoy the hummingbirds on nearly three acres of quiet privacy. Many fruit trees are starting to bloom. BONUS: Use the large barn for animals or your other hobbies. Electrical has been updated including 200-amp service and wired for generator. This home is ready to go, just move in and enjoy the summer and all this home has to offer!
Open House
No scheduled Open Houses

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Categories: Price Change  


Posted by Dino Rossi on 7/14/2019

As a first-time homebuyer, it is important to understand what it takes to discover your dream residence as quickly as possible. By doing so, you can streamline the process of going from homebuyer to homeowner.

What does it take for a first-time homebuyer to seamlessly navigate the housing market? Here are three tips that every first-time homebuyer needs to know.

1. Make a Homebuying Checklist

The definition of the "perfect" house differs from homebuyer to homebuyer. As such, a first-time homebuyer should allocate the necessary time and resources to determine what he or she wants to find in the ideal home. That way, a first-time homebuyer will have no trouble finding a house that matches or surpasses his or her expectations.

With a homebuying checklist, a first-time homebuyer can move one step closer to making his or her property ownership dreams come true. This checklist can help a homebuyer differentiate between home "must-haves" and "wants" so he or she can narrow a home search accordingly.

Furthermore, a first-time homebuyer can update a property buying checklist as he or she begins to check out houses. And if a homebuyer evaluates available residences, this property buyer can update his or her checklist as needed.

2. Get Pre-Approved for a Mortgage

A first-time homebuyer likely wants to purchase a house as quickly as possible. Fortunately, getting pre-approved for a mortgage can help a homebuyer move through the property buying process without delay.

To get pre-approved for a mortgage, a first-time homebuyer should try to meet with several banks and credit unions. Each meeting will allow a homebuyer to learn about assorted mortgage options and select a mortgage that corresponds to his or her finances.

Moreover, a first-time homebuyer should be unafraid to ask plenty of questions when he or she meets with potential lenders. This will allow a homebuyer to make an informed decision about a mortgage.

3. Consult with a Real Estate Agent

When it comes to buying a house for the first time, a homebuyer should seek out expert support. Lucky for you, many real estate agents are available nationwide, and these housing market professionals can make it simple for you to purchase your ideal house.

A real estate agent understands the challenges associated with buying a house for the first time. He or she will teach a first-time homebuyer about these challenges and ensure this property buyer is prepared to take a diligent approach to purchasing a home.

Typically, a real estate agent will set up home showings, offer honest, unbiased homebuying recommendations and negotiate with home sellers on a homebuyer's behalf. This housing market professional will even keep a homebuyer up to date about new houses, ensuring homebuyers can pounce on opportunities to acquire great houses as soon as they become available.

For a first-time homebuyer, there is no need to leave anything to chance. But with the aforementioned tips, a first-time homebuyer can accelerate the homebuying process and improve his or her chances of purchasing a stellar house at an affordable price.




Categories: Uncategorized  


Posted by Dino Rossi on 7/7/2019

If a new home has you dreaming of new possibilities for your lifestyle. This seems to be especially true when buyers home of choice has a spare bedroom and/or finished basement. Upgrade your lifestyle by creating a room dedicated solely to your interests.

Here are five ideas that will have you feeling like you're living the luxe life.

A home gym is a perfect addition to a finished basement or large spare room. To get a true gym feel install large mirrors, a widescreen tv and built-in speakers. Depending on the size of the room and amount of large exercise equipment you include in your room you can make this room even more upscale. Investing in a sauna and/or tanning bed will provide the perfect source of relaxation after a strenuous workout.

If you are a creative having a room solely dedicated to your craft is a dream come true. Whether you’re a painter, writer, scrapbooker or seamstress a whole room to neatly organize the tools of your trade is a new level of freedom. Most likely you are accustomed to packing up and stashing them away after each time you create. Claim your space and let your artistic genius flow!   

An increasingly popular addition in new homes is a gaming room. And not in the sense of darts and foosball. Instead, homeowners are creating a space dedicated solely to their multiple video game consoles and creating the perfect gaming environment. Installing surround sound and a large widescreen tv will have you feeling completely immersed in the game experience. A comfortable sofa and well-stocked mini fridge will keep you fueled for those long hours invested in beating your next game.

Another popular choice is a sports bar or what many would call a “Man Cave”. As with a gaming room, you’ll want to create the ultimate game day experience with surround sound and a large high-def tv. Leather couches and a wet bar that includes a built-in beer fridge are a must for this room. Bring in a healthy dose of team pride with framed posters, signed memorabilia and mascot emblazoned items. All that’s left is to prep some game day snacks and stock the fridge before inviting guests over to cheer on the home team.

A spare bedroom should be taken advantage of. Don’t let it become a giant storage closet or a hardly used guest room. Instead, create a room that is unique to you and your lifestyle. Whether you’re a creator, a gym junkie or game fanatic your own room will get more than its share of usage. By investing in your own interests you’ll be gifting yourself downtime and a happier future.




Tags: upscale   luxury   spareroom  
Categories: Uncategorized  


Posted by Dino Rossi on 6/30/2019

Create a flower garden you love coming home to after a long day at work that is bursting with color.

Sweet peas are a stunning annual that quite literally descends from the pea plant! They do best with the sun on their petal and shade protecting their roots so do well with a shorter plant nestled in front of them. The April in Paris variety offers yellow and purple tinted petals while the aptly named America boasts red and white stripes.

Snow Princess is sweet but tough - incredibly resistant to drought and heat. These blooms will sprawl out with its tiny white flowers making a perfect base for brighter colors to pop. It also makes for a stunning cascading plant when potted. Put this beauty in full sunlight with occasional shade.

Cinderella stock is another annual to add to your wish list. Unlike the snow princess, it prefers the cooler temps just before full summer heat hits. But it will thrive in full sunlight. You can find varieties in pink, blue, red and white so whatever your colorway, these guys are sure to fit right in.

Blue Cornflower is a distinctive color that’s found its way of naming everything from crayons to nail polish shades. This annual is easy to grow and so a great starter for beginners. A fairly long stem length, cornflowers can be placed towards the back of your garden as not to shade out shorter blooms. 

Nasturtium adds warmth to your garden with shades of red, orange and yellow. Not only are these easy to grow but they’re edible! Perfect for the culinarily adventurous and beginners alike. There are so easy to grow, in fact, that they can grow perfectly happy in less nutrient-rich soils.

Begonia comes in every shade and size you could possibly need. They’re a step up from a true beginner plant in that they will need at least a little attention. However, these will look beautiful in a container garden or in a setting they are allowed to sprawl.

Marigold Signets add a pop of cheery warmth to your colorful garden. With stunning fully rounded “globe” of flowers these will happily fill up your garden. The “gem” hybrids are the most popular variety in shades of lemon, orange, red, and tangerine. These are another edible bloom with a slight lemony flavor to add to a dish.   

Pansies are perhaps the most well-known for the bright and varied color palette. They come in varieties that offer blooms with a single color or petals in alternating colors. Like sweet peas, they prefer sun but the cooler temps of the spring and fall. These are a ground cover plant that also does well (and are incredibly popular) in container gardens.





Categories: Uncategorized