With mortgage rates at all time lows, you might be wondering if you should be considering refinancing your home. While it may seem like a great thing to do, there are a few things to consider before you decide.

An obvious reason for refinancing to a lower interest rate is the monthly, and even more importantly the long term, savings you will get. Depending on the decrease in interest rate and the amount of the loan, you could see a savings of at least $50/month or $600/year or $6000/10 years. Refinancing to a shorter term loan can also help save on the interest you pay over the life of the loan so if you can afford a 15 year mortgage the benefits outweigh that of a 30 year.

Some things to consider -

If you have owned your home for a long time, your monthly payments are going more towards the principal of the loan, not the interest. Refinancing would cause you revert back to monthly payments of more interest than principal, losing the equity that you have built in your home.

You may be charged for an appraisal on your home which can be around $500. The bank will want to make sure that you are refinancing for an amount your home is worth so some out of pocket expense is required.

If you plan on moving in the next few years, refinancing may not be worth the amount you will pay in closing costs. There are several refinancing calculators available on the web including at http://www.zillow.com/mortgage-calculator/refinance-calculator/ and http://www.smartmoney.com/calculator/real-estate/should-i-refinance-my-mortgage-1302835660427/.

No matter what you choose, being fully informed of all the options, costs and advantages/disadvantages is key to a successful refinance. Make sure you talk with you current lender, as well as other lenders to get the best refinance possible.

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Date: 07/26/2015 Time: 12:15 PM to 1:00 PM  
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This is your opportunity to live at Fuller Pond Village in the Parker Unit with a lower level walk-outl! This well-maintained, 2 bedroom, 2 and 1/2 bath unit located at the end of Fuller Pond Road abuts the woods creating privacy and peacefulness. If you want others to take care of the exterior maintenance issues and you want to live in the country this is the perfect setting. THERE IS MORE…Middleton is part of the Masco school system which is ranked as one of the best in Massachusetts. Too many pluses living here…you are close to it all, shopping and highways but in the woods. This luxury condo association has a clubhouse, you can rent, an indoor and outdoor pool and an awesome exercise facility. Call today before you miss out on this opportunity to live at the Award Winning Fuller Pond Village!

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Date: 07/26/2015 Time: 1:30 PM to 3:00 PM  
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Designed by famous Boston architect Jeremiah Eck! Next to Halibut Point State Park!Cherry cabinets,Red Birch floors,Granite counters,Mahogany Decks,Built-in Audio system,SS appliances features Sub Zero,6 Top Dacor 48 dual gas stove w/ 2 ovens.Rumford Fireplace. 2+ Professionally landscaped acres w/in-ground sprinklers ..Dramatic Sun filled living room w/ loads of glass and high ceiling.Your choice first or second floor Master bedrooms!

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Date: 07/26/2015 Time: 1:30 PM to 3:00 PM  
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Rare opportunity. Single family home with 3 room apartment on lower level! Main home has all one level living space, featuring 3 bedrooms, huge family room with wet bar, fireplace in the living room, combo kitchen and dining area with hardwood floors. Master bedroom has private bath. Property has a beautiful level back yard and a separate 2 car garage with full basement. Great workshop area or storage for boats and hobbies.Take advantage of this super location and ability to be a part of the Manchester High School district.

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Date: 07/26/2015 Time: 11:00 AM to 1:00 PM  
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Direct Ocean Front ! Picture perfect post card view of Thatcher Island and the Historic Twin Lighthouses. This gracious home offers breathtaking views of the Atlantic from almost every room. This residence features a large eat-in kitchen and a formal 18 x 14 dinning room with built-in cabinetry .The fire-placed 26 x 18 living room has breathtaking views of the Atlantic and beautiful hardwood floors. There is a full bath with each of the 3 bedrooms. Master bedrooms with private baths on the first and second level so you can choose which is best for you now or in the future .3 wood burning fire-places. There is a library made of exquisite chestnut walls with book shelves and fire-place . Plenty of natural light. Multiple glass sliding doors lead to out-door patio and in-ground pool. See the ocean while relaxing pool side. This Fabulous New England home offers swimming and fishing right off the rocks. Throw in some lobster pots and see what happens. The perfect summer or year round home.

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Date: 07/26/2015 Time: 11:00 AM to 1:00 PM  
For Directions: feel free to contact me.  
For more information: click here for the full details  

This is your opportunity to live at Fuller Pond Village in the Parker Unit with a lower level walk-outl! This well-maintained, 2 bedroom, 2 and 1/2 bath unit located at the end of Fuller Pond Road abuts the woods creating privacy and peacefulness. If you want others to take care of the exterior maintenance issues and you want to live in the country this is the perfect setting. THERE IS MORE…Middleton is part of the Masco school system which is ranked as one of the best in Massachusetts. Too many pluses living here…you are close to it all, shopping and highways but in the woods. This luxury condo association has a clubhouse, you can rent, an indoor and outdoor pool and an awesome exercise facility. Call today before you miss out on this opportunity to live at the Award Winning Fuller Pond Village!

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Designed by famous Boston architect Jeremiah Eck! Next to Halibut Point State Park!Cherry cabinets,Red Birch floors,Granite counters,Mahogany Decks,Built-in Audio system,SS appliances features Sub Zero,6 Top Dacor 48 dual gas stove w/ 2 ovens.Rumford Fireplace. 2+ Professionally landscaped acres w/in-ground sprinklers ..Dramatic Sun filled living room w/ loads of glass and high ceiling.Your choice first or second floor Master bedrooms!

This is a Contemporary style home and features 7 total rooms, 3 full baths, 4 bedrooms, 2.01 Acres, and is currently available for $1,390,000.

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Likely the most historically important home in Andover, the Benjamin Abbot House was home to 8 generations of Abbots and was the first building in Andover to be placed on the National Register of Historic Places. The house is kept in museum-quality condition and features rare proto-Georgian paneling, exposed beams gunstock posts, wide pine flooring, walk-in fireplaces, and other original features. Five fireplaces, five bedrooms, and a 1000+ square foot library. See Historical Documents attached.

This is a Antique style home and features 10 total rooms, 2 full baths, 1 half bath, 5 bedrooms, 0.25 Acres, and is currently available for $450,000.

For complete details click here.

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Date: 07/22/2015 Time: 6:00 PM to 7:00 PM  
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This extremely well-cared for home has so much character with its original baseboards and moldings. The in-town location offers the convenience of walking to the fine restaurants and night life that Beverly has to offer and is not far from Dane Street Beach. With all this convenience to downtown, there is off street parking and an over-sized two car garage which is currently being used as a woodworking shop. This charming 3-bedroom,1.5 bath home boast of hardwood floors, some original and some new, and lots of sunlight, There is a fenced and welcoming back yard which is surrounded by gardens or maybe you want to just sit out on the front porch and watch the world go round? Don’t miss out on this opportunity!

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When you are looking at a home and you are curious what it would look like if the landscaping was improved. Well, we have the answer for you here! Download this app-IScape. Check it out and let us know what you think.

Another great app–if you are looking to purchase a home in a new area and you don’t really know what is around and you would like a better understanding of the local lifestyle? Then download the AroundMe app. The AroundMe locates restaurants, recreational facilities, gas stations, etc.

And, if you want to talk to someone about #buyingrealestate in #BeverlyMA call “The Militello Team” at (978) 500-1480. We look forward to hearing from you.

Sincerely,
Joseph Militello (978) 815-3877
Kathleen Militello (978) 500-1480

J Barrett Realty
1 Beach Street
Manchester, MA 01944

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