Kathy Foran - REALTY EXECUTIVES Boston West



Posted by Kathy Foran on 7/23/2017

If you're planning to purchase a home in the near future, one thing's for sure: You've got your work cut out for you! However, when you finally find the house of your dreams, the time and effort will be more than worth it!

Your to-do list will include calculating how much you can afford to spend on a house, obtaining a pre-qualification letter from a mortgage lender, and eventually comparing loan estimates.

One of the first things home buyers usually need to do before getting too caught up in their real estate search is to check their credit score. Your credit report, which is basically a detailed profile of your credit history, plays a major role in your ability to get approved for a mortgage and obtain favorable interest rates. Consumers are entitled to get a free copy of their credit report once a year from the three major credit reporting companies: Equifax, Experian, and TransUnion.

Before applying for a mortgage, it's highly recommended that you check the accuracy of your credit report. If it contains mistakes, inaccuracies, or obsolete information, that could affect your ability to get a mortgage -- or obtain favorable interest rates and terms. Fortunately, errors can be disputed and corrected by the appropriate credit reporting company.

The Impact of Your Credit Score

The most widely used scoring system to determine a borrower's ability (and willingness) to stay current on loan payments is called a "FICO score." Depending on your credit history and bill paying habits, your FICO score can range from a low of 300 to a high of 850. If you're wondering how your FICO score stacks up against other homebuyers and consumers in the U.S., the median FICO score was recently in the neighborhood of 721 (although that number fluctuates). That means 50% of borrowers are above that score and 50% fall below that mark.

According to the Consumer Financial Protection Bureau, the best mortgage interest rates are generally offered to borrowers who have earned FICO scores in the mid- to high 700s. If your credit score falls between the high 600s and the low 700s, the interest rates available to you may be somewhat higher.

Those who are saddled with a credit rating below the mid 600s may have difficulty getting approved for a mortgage. If you're in that situation, your real estate agent or loan officer may suggest applying for an FHA loan rather that a conventional loan. Although FHA loans can be more expensive, the standards for getting approved are more lenient. These government regulated and insured loans also allow for a more affordable down payment of as little as 3.5 percent, as oppose to the "typical" down payment of between 10 and 15 percent.





Posted by Kathy Foran on 7/21/2017

This Single-Family in Framingham, MA recently sold for $440,000. This Contemporary,Ranch style home was sold by Kathy Foran - REALTY EXECUTIVES Boston West.


251 Beacon Street, Framingham, MA 01701

Single-Family

$399,900
Price
$440,000
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
Move right into this beautiful, updated ranch in wonderful location! Gorgeous Cherry kitchen w/granite counters, stainless steel appliances, bow window & recessed lights opens to huge family rm w/recessed lights, built in book cases, new wood Pergo flr, new picture window, bow window, Bose Surround speakers, walk in closet & laundry rm! Master brm w/fan, new flooring & half bth, 2 additional brms w/fans & new flooring! Updated full bth w/wainscotting! Lovely fireplaced liv rm w/wood stove insert, recessed lts & slider out to magnificent private fenced back yard w/sparking i-ground pool, hot tub, paver patios, stone walls, lg storage shed & gorgeous flowering plantings throughout property! Hydor air heat & Central Air in 2006, architectural roof in 2013, 200 amp elec in 2003, all new interior doors & hardware throughout, updated windows, 4 solar tube lighting, ADT security sys, freshly painted interior & exterior & more! Great location, minutes to all major routes, schools & shopping!

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Categories: Sold Homes  


Posted by Kathy Foran on 7/21/2017


12 Summer Street, Framingham, MA 01701

Single-Family

$329,900
Price

6
Rooms
2
Beds
1
Baths
Move right into this lovely 2 brm Dutch Colonial w/front farmers porch and 1 car detached garage in wonderful location! Formal living rm w/hardwood floor, formal dining rm w/hardwood floor & French door to small office, Large eat in kitchen w/new stainless steel appliances, tile backsplash, recessed lighting & slider to private 9x18 deck! Brand new gorgeous full bth w/tile floor, subway tile walls w/glass accent tile and double sink vanity w/marble top! Large master brm w/2 closets & newer carpet in both brms, with hardwood floors under carpet! Most windows replaced, newer heating system, 100 amp electric, architectural roof! Wonderful convenient location, walk to High School, shops & YMCA! Minutes to MA Pike and all major routes, commuter rail, shops, restaurants and schools!
Open House
Saturday
July 22 at 1:00 PM to 3:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 12 Summer Street, Framingham, MA 01701    Get Directions

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Categories: Open House  


Posted by Kathy Foran on 7/20/2017


12 Summer Street, Framingham, MA 01701

Single-Family

$329,900
Price

6
Rooms
2
Beds
1
Baths
Move right into this lovely 2 brm Dutch Colonial w/front farmers porch and 1 car detached garage in wonderful location! Formal living rm w/hardwood floor, formal dining rm w/hardwood floor & French door to small office, Large eat in kitchen w/new stainless steel appliances, tile backsplash, recessed lighting & slider to private 9x18 deck! Brand new gorgeous full bth w/tile floor, subway tile walls w/glass accent tile and double sink vanity w/marble top! Large master brm w/2 closets & newer carpet in both brms, with hardwood floors under carpet! Most windows replaced, newer heating system, 100 amp electric, architectural roof! Wonderful convenient location, walk to High School, shops & YMCA! Minutes to MA Pike and all major routes, commuter rail, shops, restaurants and schools!
Open House
Sunday
July 23 at 2:00 PM to 4:00 PM
Cannot make the Open Houses?
Location: 12 Summer Street, Framingham, MA 01701    Get Directions

Similar Properties





Categories: Open House  


Posted by Kathy Foran on 7/20/2017


12 Summer Street, Framingham, MA 01701

Single-Family

$329,900
Price

6
Rooms
2
Beds
1
Baths
Move right into this lovely 2 brm Dutch Colonial w/front farmers porch and 1 car detached garage in wonderful location! Formal living rm w/hardwood floor, formal dining rm w/hardwood floor & French door to small office, Large eat in kitchen w/new stainless steel appliances, tile backsplash, recessed lighting & slider to private 9x18 deck! Brand new gorgeous full bth w/tile floor, subway tile walls w/glass accent tile and double sink vanity w/marble top! Large master brm w/2 closets & newer carpet in both brms, with hardwood floors under carpet! Most windows replaced, newer heating system, 100 amp electric, architectural roof! Wonderful convenient location, walk to High School, shops & YMCA! Minutes to MA Pike and all major routes, commuter rail, shops, restaurants and schools!
Open House
No scheduled Open Houses

Similar Properties





Categories: New Homes