Kathy Foran - REALTY EXECUTIVES Boston West



Posted by Kathy Foran on 5/20/2018

Ready to buy a home? You'll likely need a mortgage to ensure you can afford your dream residence. Lucky for you, many banks and credit unions are happy to help you discover a mortgage that suits you perfectly.

Ultimately, meeting with a mortgage lender may seem stressful at first. But this meeting can serve as a valuable learning opportunity, one that allows you to select a mortgage that is easy to understand and matches your budget.

When you meet with a mortgage lender, here are three of the questions to ask so you can gain the insights you need to make an informed decision:

1. What mortgage options are available?

Most lenders offer a broad range of mortgage options. By doing so, these lenders can help you choose a mortgage that meets or exceeds your expectations.

Fixed-rate mortgages represent some of the most popular options for homebuyers, and perhaps it is easy to understand why. These mortgages lock-in an interest rate for a set period of time and ensure your mortgage payments will stay the same throughout the duration of your mortgage.

Meanwhile, adjustable-rate mortgages may prove to be great choices for many homebuyers as well. These mortgages may feature a lower initial interest rate that rises after several years. However, with an adjustable-rate mortgage, you'll know when your mortgage's interest rate will increase and can plan accordingly.

2. Do I need to get pre-approved for a mortgage?

Pre-approval for a mortgage usually is an excellent idea, and for good reason.

If you get pre-approved for a mortgage, you may be able to enter the homebuying market with a budget in mind. That way, you can pursue houses that fall within a set price range and avoid the risk of overspending on a home.

On the other hand, you don't need to be pre-approved for a mortgage to submit an offer on a home. But with a mortgage in hand, you may be able to gain an advantage over the competition, one that might even lead a home seller to select your offer over others.

3. How long will a mortgage last?

Many mortgages last 15- or 30-years – it all depends on the type of mortgage that you select.

A lender can explain the length associated with various mortgage options and highlight the pros and cons associated with these mortgages.

Moreover, you should ask a lender if there are any prepayment penalties if you pay off your mortgage early. This may help you determine whether a particular mortgage is right for you.

When it comes to finding a lender, don't forget to meet with several banks and credit unions. This will allow you to discover a lender that offers a mortgage with a low interest rate. Plus, it enables you to find a lender that makes you feel comfortable.

If you need assistance in your search for the right lender, be sure to reach out to a real estate agent. This housing market professional can provide details about local lenders and ensure you can accelerate your push to acquire your dream residence.





Posted by Kathy Foran on 5/13/2018

Buying a home is one of the more complicated purchases that you’ll make in your lifetime. It’s not something that you can just open your wallet, pull out a wad of cash and buy. There’s a warm-up period for a house hunt. You need to prepare before you even start the process of the purchase. There’s a lot of different things that you should do to ready yourself to buy a home. You’ll need to organize your finances, find a real estate agent and ready yourself. If you’re looking to buy a home in the near future, it’s time to get busy! 


Keep Your Credit Score In Check


Your credit score is so important for so many reasons. The highest your credit score can be is 850 and the lowest it can be is 300. You’ll get a really good interest rate on a home if your credit score is 740 or above. A lower interest rate can save you a lot of money over a year’s time. 

The good news is that you can spend time repairing your score. This will include paying down debt, asking for credit limits to be raised and correcting errors that may be on your credit report. You want to be sure that you’re using 30% or less of your total available credit. As always, if your bills are paid on time, it will help you to keep that score up. Also, stay away from opening new credit cards, as this can bring your score down due to frequent credit checks. 


Put Gifts To Good Use


Whenever you get a financial gift, whether it be for a wedding, a Christmas bonus, or a birthday gift, make sure that you save it for your home purchase. You’ll need quite a bit of capital between closing costs, fees and down payments. You’ll be glad you saved the money once you start the home buying process. You’ll also want to make sure that you have and emergency fund built up. You don’t want to buy a home without some sort of a financial cushion behind you. 


Research Real Estate Agents 


Your real estate agent will be your right hand person when it is time to buying a home. You’ll want to know that your agent is knowledgable and can help you in this big decision. Your real estate agent is the person who will help you reach your goals, and you want to feel comfortable with them. Ask for recommendations and do your research.  


Get Preapproved


Sellers love buyers who have been preapproved. This shows that they’re reliable and financially able to buy a home. A preapproval can be done a few months in advance of buying a home. It will take an in-depth look at your finances including:


  • Proof of mortgage or rent payments over the last year
  • W2 forms for the past 2 years
  • Paycheck stubs for the past 2 months
  • List of all debts including loans and court settlements
  • List of all assets including car titles, investment accounts and any other real estate you may own.


Buying a home is a big deal but with the right preparation, you’ll be on the road to success and ready to secure a home purchase.




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Posted by Kathy Foran on 5/11/2018

Move right into this lovely updated Craftsman style bungalow/ranch in wonderful location! Beautiful woodwork, high ceilings, custom details and wood floors throughout! Large foyer/mudroom w/walls of windows opens to living rm w/wood beamed ceiling and gas fireplace, Formal dining rm w/chair railing, gorgeous new maple kitchen w/soapstone counters, Jenn-Air stainless steel appliances, gas cooking, recessed lights, tile backsplash & pantry opens to bright sun rm/family rm w/recessed lights, beadboard ceiling & slider to Trex deck overlooking private fenced yard great for kids & dogs! 2 new full tiled bths, one w/radiant heat flooring! More updates include Central Air, Gas heat w/Nest thermostat, 200 amp electric, water heater, architectural roof & more! Great expansion potential in lower level! Wonderful location, walk to train, schools and shops and minutes to all major routes!

More Info on this Property | New Listing Alerts




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Posted by Kathy Foran on 5/10/2018

Move right into this lovely updated Craftsman style bungalow/ranch in wonderful location! Beautiful woodwork, high ceilings, custom details and wood floors throughout! Large foyer/mudroom w/walls of windows opens to living rm w/wood beamed ceiling and gas fireplace, Formal dining rm w/chair railing, gorgeous new maple kitchen w/soapstone counters, Jenn-Air stainless steel appliances, gas cooking, recessed lights, tile backsplash & pantry opens to bright sun rm/family rm w/recessed lights, beadboard ceiling & slider to Trex deck overlooking private fenced yard great for kids & dogs! 2 new full tiled bths, one w/radiant heat flooring! More updates include Central Air, Gas heat w/Nest thermostat, 200 amp electric, water heater, architectural roof & more! Great expansion potential in lower level! Wonderful location, walk to train, schools and shops and minutes to all major routes!

More Info on this Property | New Listing Alerts




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Posted by Kathy Foran on 5/6/2018

A home showing can make or break your chances of selling your house. Therefore, you'll want to do everything possible to ensure that each home showing is a success.

Ultimately, there are several best practices for home showings that every home seller needs to know, and these practices include:

1. Clean and Declutter Your House

A tidy home is sure to garner homebuyers' attention. Comparatively, a messy house is unlikely to do you any favors in a competitive real estate market.

Allocate the necessary time and resources to clean your house. Mop the floors, wipe down the walls and perform assorted home interior cleaning. Also, don't forget to mow the front lawn, trim the hedges and ensure your house's exterior looks great.

In addition, eliminate clutter from your home as soon as possible. By doing so, you can show off the true size of your living space to potential buyers.

2. Remove Personal Belongings from Your Home

Although you may have many personal photographs and other treasured mementos scattered throughout your house, you should put these items away before a home showing. That way, you can make it easy for homebuyers to envision what life might be like if they purchase your house.

When it comes to personal belongings, it sometimes can be tough to hide these items. However, if you store your personal belongings properly, you can guarantee these items will maintain their quality and appearance until you sell your house.

Pack up any treasured belongings carefully. Then, you can put these items in a storage unit for safe keeping. Or, if a family member or friend has storage space to spare, you can always ask a loved one to store your personal belongings temporarily.

3. Consult with a Real Estate Agent

If you're unsure about how to host a successful home showing, you're not alone. Thankfully, real estate agents are available in cities and towns nationwide, and these housing market professionals know what it takes to transform an ordinary home showing into an unforgettable experience.

A real estate agent can offer expert recommendations to help you get your house show-ready. In fact, a real estate agent can put you in touch with the best home cleaning companies in your area. He or she also is unafraid to be honest and will share any home interior or exterior concerns with you.

Furthermore, a real estate agent will teach you about the real estate market. He or she can educate you about the differences between a buyer's and seller's market, respond to your home selling concerns and questions and much more. Thus, if you work with a real estate agent, you should have no trouble making informed decisions throughout the home selling journey.

Take the guesswork out of prepping your house for a showing – use the aforementioned best practices, and you can improve the look and feel of your house in no time at all.




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