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Posted by TEAM Metrowest on 9/18/2019


41 Willis Ave., Medford, MA 02155

Condo

$599,900
Price

5
Rooms
2
Beds
3
Baths
This is the one you have been waiting for! Completely remodeled 2 bed, 3 full bath townhome w/rich, glossy hardwood floors that run through the family room, den & kitchen, w/ an open space that allows an abundance of light to filter through. Brand new kitchen w/ granite counters & beautiful tile backsplash & all new matte stainless appliances incl. refrigerator, bright open space w/ an eat-in area. Master bedroom w/ double closets, gleaming hardwood floor & expanded master bath w/ granite vanity and tile shower and flooring. Second bedroom w/ closet & hardwood floors. Second bath completely remodeled w/ tile flooring, granite vanity. Fully finished lower level complete w/ a family room, office/den, third full bath & laundry incl. washer/dryer. Deck off of the back w/ access to driveway & fenced yard. New roof, heating/AC, electrical, plumbing, tankless HW heater and expanded driveway. 2 PARKING SPACES. Minutes from Main Street, Medford Square, Tufts University and Route 93.
Open House
Saturday
September 21 at 11:00 AM to 12:30 PM
Cannot make the Open Houses?
Location: 41 Willis Ave., Medford, MA 02155    Get Directions

Similar Properties





Tags: Real-Estate   Open House   Condo   Medford   02155  
Categories: Open House  


Posted by TEAM Metrowest on 9/18/2019


39 Willis Ave., Medford, MA 02155

Condo

$569,900
Price

4
Rooms
2
Beds
2
Baths
Want to own a modern 2 bedroom, 2 full bath condo that has been completely remodeled from floor to ceiling? This is the one! Tall ceilings, rich, glossy hardwood floors that run through the family room, den and kitchen, with an open space that allows an abundance of light to filter through. Brand new kitchen w/ granite counters and beautiful tile backsplash and all new stainless appliances incl. refrigerator w/ an open space for the eat-in area. Master bedroom w/ large closet, gleaming hardwood floors and expanded master bath complete w/ new granite vanity, tile flooring and tiled shower w/ glass tile accent. Second bedroom w/ closet and hardwood floors. Second bath is also completely remodeled w/ tile flooring, granite vanity and even includes the washer, dryer. There is an enclosed porch to enjoy the view of the backyard! New roof, heating/AC, electrical, plumbing, tankless HW heater and expanded driveway. Minutes from Main Street, Medford Square, Tufts University and Route 93.
Open House
Saturday
September 21 at 11:00 AM to 12:30 PM
Cannot make the Open Houses?
Location: 39 Willis Ave., Medford, MA 02155    Get Directions

Similar Properties





Tags: Real-Estate   Open House   Condo   Medford   02155  
Categories: Open House  


Posted by TEAM Metrowest on 9/18/2019

Youíve been paying off your mortgage for 10 years, building equity while making careful financial decisions to ensure that youíre on track to pay off your mortgage. So, all of those payments are essentially money in the bank for you, right?

Not quite. The equity youíve built toward is home isnít really accessible until you either fully pay off the home, sell your home and use your equity toward a down payment, or use it to take out a second mortgage.

In todayís article, weíre going to be talking about second mortgages--what they are, when to use them, and when you should seek out other options. Hopefully, by the end, youíll be able to make a more informed decision.

What is a second mortgage?

A second mortgage is somewhat deceptively named. The process of taking out a second mortgage revolves around using your equity as collateral toward a second loan. That loan amount doesnít have to be used toward a home, however. It can be spent pretty much at the discretion of the homeowner, as long as you stay within the spending limits of the loan terms.

Why take out a second mortgage?

Homeowners typically take out a second mortgage when an expense is tossed their way, whether foreseen or unforeseen. It could be a costly house or vehicle repair, a childís education, or any other large expense that you might not have been aptly prepared for.

Types of second mortgages

There are two main types of second mortgages that homeowners qualify for. First is a standard home equity loan. You receive a fixed-rate loan that usually paid off over a loan term of 15 or 30 years.

The other type of second mortgage is a home equity line of credit (HELOC, for short). A HELOC is similar to a credit card in that you are approved for a certain amount but donít need to spend the full amount.

Risks of home equity lines of credit

This type of loan is ideal for expenses that you maybe donít know the full cost of. However, there is an inherent risk in taking on an expense that might go over the credit limit of your HELOC.

Just like with credit cards, interest rates vary. However, the interest rate is linked to something called a ďbenchmark rate.Ē When interest rates for the benchmark increase, so do your HELOC rates.

Aside from the variable interest rates, HELOCs can also prove to be difficult to manage for people who are already in credit card debt. So, itís only recommended that you take out a HELOC if you are sure that you can stay on top of your monthly payments and are in good standing with other credit lenders.

Risks of home equity loans

Standard home equity loans arenít without their own risks. For one, youíre putting your house on the line when you take out a second mortgage. So, before taking out a home equity loan on a new expense, be sure that you can manage that expense or you could risk losing your home.

Having a second mortgage can also make it difficult to refinance your home loan, which could cost you in the long run if it would otherwise pay off to refinance.

Benefits of second mortgages

Second mortgages do have their time and place. Home equity loans, for example, can help you achieve a lower interest rate than a typical loan if you have a great deal of equity built in your home. This could make the most financial sense over the long term.

Similarly, a HELOC might be a better option than a credit card for homeowners who donít have a credit score high enough to land them a good interest rate.





Posted by TEAM Metrowest on 9/12/2019


41 Willis Ave., Medford, MA 02155

Condo

$599,900
Price

5
Rooms
2
Beds
3
Baths
This is the one you have been waiting for! Completely remodeled 2 bed, 3 full bath townhome w/rich, glossy hardwood floors that run through the family room, den & kitchen, w/ an open space that allows an abundance of light to filter through. Brand new kitchen w/ granite counters & beautiful tile backsplash & all new matte stainless appliances incl. refrigerator, bright open space w/ an eat-in area. Master bedroom w/ double closets, gleaming hardwood floor & expanded master bath w/ granite vanity and tile shower and flooring. Second bedroom w/ closet & hardwood floors. Second bath completely remodeled w/ tile flooring, granite vanity. Fully finished lower level complete w/ a family room, office/den, third full bath & laundry incl. washer/dryer. Deck off of the back w/ access to driveway & fenced yard. New roof, heating/AC, electrical, plumbing, tankless HW heater and expanded driveway. 2 PARKING SPACES. Minutes from Main Street, Medford Square, Tufts University and Route 93.
Open House
Saturday
September 14 at 1:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 41 Willis Ave., Medford, MA 02155    Get Directions

Similar Properties





Tags: Real-Estate   Condo   Medford   02155  
Categories: New Homes  


Posted by TEAM Metrowest on 9/12/2019


39 Willis Ave., Medford, MA 02155

Condo

$569,900
Price

4
Rooms
2
Beds
2
Baths
Want to own a modern 2 bedroom, 2 full bath condo that has been completely remodeled from floor to ceiling? This is the one! Tall ceilings, rich, glossy hardwood floors that run through the family room, den and kitchen, with an open space that allows an abundance of light to filter through. Brand new kitchen w/ granite counters and beautiful tile backsplash and all new stainless appliances incl. refrigerator w/ an open space for the eat-in area. Master bedroom w/ large closet, gleaming hardwood floors and expanded master bath complete w/ new granite vanity, tile flooring and tiled shower w/ glass tile accent. Second bedroom w/ closet and hardwood floors. Second bath is also completely remodeled w/ tile flooring, granite vanity and even includes the washer, dryer. There is an enclosed porch to enjoy the view of the backyard! New roof, heating/AC, electrical, plumbing, tankless HW heater and expanded driveway. Minutes from Main Street, Medford Square, Tufts University and Route 93.
Open House
Saturday
September 14 at 1:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 39 Willis Ave., Medford, MA 02155    Get Directions

Similar Properties





Tags: Real-Estate   Condo   Medford   02155  
Categories: New Homes  




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