Brosnan Realty Group, Inc
Brosnan Realty Group, Inc | 617-787-2860 | kieran@BrosnanRealty.com


Posted by Brosnan Realty Group, Inc on 5/20/2018

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.





Posted by Brosnan Realty Group, Inc on 5/18/2018


7 Prescott Ave, Chelsea, MA 02150

Condo

$199,000
Price

3
Rooms
1
Beds
1
Baths
Cozy 1 bedroom unit in a great location. Clean unit with modern kitchen. High owner occupancy in building. Ideal location for commuters-Be in Boston in minutes Via Route 1 or by bus.
Open House
Sunday
May 20 at 12:00 PM to 1:00 PM
Cannot make the Open Houses?
Location: 7 Prescott Ave, Chelsea, MA 02150    Get Directions

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Tags: Real-Estate   Condo   Chelsea   02150   Open House  
Categories: Open House  


Posted by Brosnan Realty Group, Inc on 5/16/2018


1000 Pleasant St, Weymouth, MA 02189

Condo

$254,900
Price

4
Rooms
2
Beds
1/1
Full/Half Baths
Pinebrook Townhouse! Convenient Location Located Minutes to Rte 53. Features Include Bilevel Living Area, Well Maintained Grounds, Spacious Interior, 2 Equal Sized Bedrooms and 1.5 Bathrooms! Minutes to the Derby Street shops. This is a Homepath Property!
Open House
No scheduled Open Houses

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Tags: Real-Estate   Condo   Weymouth   02189  
Categories: Price Change  


Posted by Brosnan Realty Group, Inc on 5/15/2018


7 Prescott Ave, Chelsea, MA 02150

Condo

$199,000
Price

3
Rooms
1
Beds
1
Baths
Cozy 1 bedroom unit in a great location. Clean unit with modern kitchen. High owner occupancy in building. Ideal location for commuters-Be in Boston in minutes Via Route 1 or by bus.
Open House
No scheduled Open Houses

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Tags: Real-Estate   Condo   Chelsea   02150  
Categories: New Homes  


Posted by Brosnan Realty Group, Inc on 5/15/2018


45 Highland Ave, Winthrop, MA 02152

Rental

$1,600
Price

4
Rooms
2
Beds
1
Baths
Nice walk in level apartment. Nice clean unit. Modern kitchen. Coin op laundry on site Great location. Great Unit. Walk to beach and bus.
Open House
No scheduled Open Houses

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Tags: Real-Estate   Winthrop   02152   Rental  
Categories: New Homes  




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