Kathy Portway - SUCCESS! Real Estate



Posted by Kathy Portway on 3/30/2020

Photo by Mastersenaiper via Pixabay

When it comes to financing your home, you have a several mortgage options available. Each type of mortgage offers different advantages, so be sure to do research before applying. Below are some of the most popular types of mortgages borrowers may consider. 

Conventional Loans

A conventional loan is a mortgage not insured by the federal government. In most cases, conventional loans will conform to the standards established by Fannie Mae and Freddie Mac. However, some lenders may offer loans that do not adhere to these standards, which are known as non-conforming loans. In most cases, conventional loans will require a down payment of 20 percent. Otherwise, you will have to pay mortgage insurance. 

FHA Mortgages

FHA mortgages are a popular type of government-backed loan that is designed to give people with lower credit scores and/or lower buying power the ability to purchase a home. If you opt for an FHA mortgage, you may not need to make as large of a down payment, but you will need to pay mortgage insurance. Backed by the Federal Housing Administration, these loans are popular among first-time homebuyers. 

VA Mortgages

VA mortgages are home loans backed by the U.S. Department of Veterans Affairs. These loans are available to current members of the military as well as veterans. If you qualify, VA mortgages are very beneficial, as they offer a lower interest rate and may not require a down payment. VA mortgages donít require you to pay any mortgage insurance, either. 

Jumbo Mortgages

A jumbo mortgage is a loan that has limits higher than most other mortgages, which allows you to buy a more expensive property. These loans are most popular in areas where home prices are higher. Interest rates on jumbo mortgages are usually comparable to the rates paid on a conventional loan. However, the qualification requirements are much more strict. In most cases, you will need to show proof of significant assets, as well as a high credit score. Some lenders may offer other options, but the mortgages above are the most common. 

Keep in mind that even after you have chosen the type of mortgage you want, you will still have other decisions to make with regard to the type of rate and the length of the term. To make the best decision for your needs, consider working one-on-one with an experienced mortgage agent who can review your situation and help you choose the loan that makes the most sense.




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Posted by Kathy Portway on 3/27/2020

This Single-Family in Attleboro, MA recently sold for $490,000. This Colonial style home was sold by Kathy Portway - SUCCESS! Real Estate.


917 Pleasant Street, Attleboro, MA 02703

Single-Family

$489,900
Price
$490,000
Sale Price

7
Rooms
3
Beds
2/1
Full/Half Baths
This beauty is back on the market due to buyer's home not selling. New construction almost completed in Attleboro! Come and see this beautiful, 3 bedroom, Colonial style home with a great open floor plan on a 3/4 acre wooded lot near the Attleboro/Norton line. This 2 story home has 9' ceilings on the first floor, hardwood floors, recessed lighting, gas fireplace and a spacious kitchen with an island. Lovely dining room is perfect for holidays and entertaining. Upstairs you will find a large master bedroom with a walk-in closet. Master bath has double sinks, walk-in shower and pretty tile flooring. There are two additional bedrooms, an office or guest room, and another full bath that complete this floor. This home also has two zones forced hot air heat & central air conditioning. Walk out basement has plenty of storage and/ or could easily be finished. Call today to make this home your new address.

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Categories: Sold Homes  


Posted by Kathy Portway on 3/23/2020

When you buy a home, thereís more to shop for than just the right place to live. Before you settle with a lender, you should shop around a bit. You want to be sure that your lender has your very best interests in mind when youíre in the midst of making one of the biggest purchases of your lifetime. Below, youíll find some of the most important questions that you need to ask a lender while youíre in the process of buying a home.


Do You Offer Any Special Programs?


Choosing the right lender involves choosing a firm that offers the types of programs that will be helpful to your specific situation. You should look for a lender that offers a wide array of loans to suit your needs. Beware of any lender who tries to push you into a certain type of loan, especially if you donít feel that it is a good fit for you. 


Do You Understand The Terms Of Certain Types Of Loans?


If you are seeking a certain type of loan, you probably should tell your lender that upfront. Of they seem familiar with it and have worked with the loan before, youíre in good hands. If the type of loan that youíre looking for is more uncommon, then you may need to shop around carefully for the right lender who understands your needs. 


Do I meet The Qualifications For Specific Loans?


The requirements for the same loan at two different lenders could be different. Things like your credit score could be a big factor. If you have a less than desirable credit score, this would also prompt you to want to look around a bit. You should know that different lenders have different terms and looking at a few lenders could be beneficial to you.


What Are The Mortgage Rates?


Youíll need a general ballpark idea of what rates will be for you when you finally secure that home loan. Keep in mind that rates fluctuate often and that an estimate will be just that. Itís not a number that will be set in stone, however, it will give you a good place to start as you shop around for a loan. 


Do You Help With Down Payments?


There are many down payment assistance programs available and your lender can help you to navigate them. The more you put down, the better your interest rate will be. If the amount that youíre able to put down on a home is a factor for you, definitely discuss it with your lender.


Can You Provide Pre-Approval Proof?


In hot real estate markets, youíre going to need some proof that youíre pre-approved in order to have the upper hand once you put in an offer on a home. Your lender should be able to provide your real estate agent with a certified letter of your pre-approval and the amount. 


Choosing the right lender is just as important as choosing the right realtor and the right home to buy. Itís just another part of the home buying process!




Categories: Uncategorized  


Posted by Kathy Portway on 3/21/2020

This Single-Family in Mansfield, MA recently sold for $355,000. This Colonial style home was sold by Kathy Portway - SUCCESS! Real Estate.


124 Central Street, Mansfield, MA 02048

Single-Family

$374,900
Price
$355,000
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
Enter through the front door and you will see everything about this property is GRAND! Roam room to room taking in the beautiful natural light beaming through the over size windows. Spacious living room with high ceilings opens to a large dining room, perfect for gathering family and friends for the holidays. Upper level has 3 large bedrooms, full bath, office and walk up attic. Front porch is the definition of quaint and out back there is an expansive yard and deck. One car detached garage is wonderful for those cold winter nights. This lovely home offers charm and character but needs your sweat equity! This home is conveniently located to schools, train, shopping and highways. Call today to make this your new address.

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Categories: Sold Homes  


Posted by Kathy Portway on 3/16/2020


 Photo by ?????? ???????? on Unsplash

A transitional bathroom is a popular design trend that is a cross between modern and traditional. What are the key features of a transitional bathroom?

  • A combination of two styles: A transitional bathroom can have different meanings to different people. Usually, it is a mixture of a recent era with the current era. It boasts of clean lines, with a warm and comfortable design.

  • Easy to access: A transitional bathroom also refers to a design that gives homeowners safety and accessibility. Grab bars installed near the bathtub or shower are installed as much for style as they are for safety. Handheld shower sprays and bench seats are common additions as well as mirrors and other fixtures placed low for use from a seating position or a wheelchair.

  • Safe but stylish: A transitional bathroom is visually appealing and can make you feel safe and comfortable regardless of your physical ability or age. The grabs bars in a transitional bathroom are decorative and at the same time can prevent a fall. A built-in bench within a shower stall can serve as a seat if you are unable to stand due to injury or a foot prop for shaving your legs. Also, the handheld showers will come handy if you wish to bathe seated, wash your pet, or clean the shower.

  • Sleek design: The sheer beauty of a transitional bathroom is one reason it is so popular. They offer luxurious space where you can relax and unwind without the expense or inconvenience of leaving your home.

  • Storage and workspace: The vanity and cabinets in transitional bathrooms are distinctive. They are free-standing or built-in, with recessed panels and several drawers. The transitional bathroom incorporates painted wood with decorative hardware.

  • Countertops and sinks: In a transitional bathroom, the countertop, sinks, and faucet tend to be granite, marble, quartz, or quartzite. A transitional bathroom uses the newest faucet design trend like motion and touch-control. Popular finishes for transitional bathrooms include matte, polished, and satin.

  • Colors and flooring: Flooring options for transitional bathrooms might be stone tile, ceramic, porcelain, luxury vinyl, marble, or wood. On colors, transitional bathrooms have a light and soft feel: whites, grays, beiges, blues, and silvers are the most common color choices. 

If you looking to incorporate transitional style into your bathroom, contact your local interior designer for more ideas and cost estimates. If youíre looking to sell, ask your realtor if upgrading to a transitional bath is a potential selling point.