Upper Cape Realty



Posted by Upper Cape Realty on 2/13/2019


64 Canedy St, Wareham, MA 02576

Single-Family

$298,500
Price

4
Rooms
2
Beds
1
Baths
Spectacular Views from this cozy bungalow overlooking the Sippican River in Rose Point. This home features two comfortable bedrooms (the larger of the two has gorgeous views that would brighten anyone's day!), a charming living room with a cozy gas stove, a 3 season porch overlooking the water, a deck and a large shed. Come see for yourself on Sunday, February 17, 11-1 at the Open House (no showings until Open House please)
Open House
Sunday
February 17 at 11:00 AM to 1:00 PM
Cannot make the Open Houses?
Location: 64 Canedy St, Wareham, MA 02576    Get Directions






Categories: Open House  


Posted by Upper Cape Realty on 2/13/2019

Applying for a mortgage can be a lengthy and difficult process. Lenders want to know that they are going to get a return on their investment.

To ensure that they’ll see that positive return they will take a number of things into consideration, such as your income, credit score, employment history, and financial capital.

First-time homeowners often struggle when it comes to these prerequisites since they have fewer years of numbers for lenders to consider. If you’re one of those people, don’t worry--you can still purchase a home.

First-time homeowner loans, which are guaranteed by the U.S. government, and a number of private loans enable people to borrow money for a home without paying a huge down payment or having a vast credit history.

One downfall of said loans is private mortgage insurance, or “PMI.”

In this article, we’re going to talk about what private mortgage insurance is, how to avoid it, and how to get rid of it. 

What is PMI?

If you make a down payment on a mortgage that is less than 20% of the loan amount, you will most likely have to pay private mortgage insurance.

PMI exists as a way for lenders to help guarantee they won’t lose money off of your loan. If you make a down payment of 20% or more, then lenders are typically satisfied that they won’t lose money from doing business with you.

PMI is not to be confused with home insurance, which protects you against damage and theft. Rather, it is an additional fee you’ll pay to your lender each month that is added to your mortgage payment.

PMI is calculated based on a few considerations. Lenders will take into account your down payment amount, the value of the mortgage, and your credit score.

In terms of costs, PMI typically costs between .5 and 1% of the total mortgage amount each year.

Avoiding PMI

Naturally, it’s best to avoid paying private mortgage insurance altogether. Private mortgage insurance has no future value for you and your family since it doesn’t count towards building equity and doesn’t protect you from any potential financial harm (your lender is the sole beneficiary of PMI).

Saving for a down payment can take time, and sometimes you’ll need to rent or cut costs while you save. However, if you do take on a loan with PMI, you can still cancel it at a later point.

Canceling your private mortgage insurance

The first thing you should know about canceling PMI is that it usually isn’t easy. You’ll need pay off at least 20% of the home, write a letter to your lender, and wait for an appraisal of the home. Once you’ve done this, you still have to wait while your lender considers your request. In all, this process could take months--months that you’re still required to pay PMI.

Once common way to get out of PMI is to refinance. If the value of your home has increased since the time of you taking on the loan, the new lender likely won’t require PMI. However, you’ll want to make sure that refinancing will get you a lower interest rate and cover the costs of refinancing. 




Categories: Uncategorized  


Posted by Upper Cape Realty on 2/12/2019


8 Jackson St, Plymouth, MA 02360

Single-Family

$259,900
Price

4
Rooms
2
Beds
2
Baths
Welcome to 8 Jackson Street!This bright home has several updates and has been IMPECCABLY MAINTAINED by the current owner.This spacious home offers 1440 sqft of living space & that's not all! Partially FINISHED WALK OUT BASEMENT offers another 700+/- sqft of heated living space along with tall ceilings & tons of storage.The main floor has 2 spacious bedrooms and 2 RENOVATED BATHS! Big kitchen/dining area with plenty of cabinets and new appliances.HARDWOOD floors throughout and several 'built-ins' add character and charm!The exterior is newly shingled and has 2 driveways offering plenty of parking along with a storage shed,fully fenced yard,covered patio area,deck & cement pad for storing the boat! Walking distance to Buttermilk Bay,Honey Pot Lake/Mare Pond and playground & just a stones throw to 210 acres of natures beauty at the LYMAN RESERVE w/walking/hiking trails & BEACH area. Close to hwys/bridges & 1hr to BOS/RI.Furnishings negotiable! See you at the OPEN HOUSE SUN 2/17 from 11-1!
Open House
Sunday
February 17 at 11:00 AM to 1:00 PM
Cards honored. Please email Buyers name prior to open house. Thank you!
Cannot make the Open Houses?
Location: 8 Jackson St, Plymouth, MA 02360    Get Directions






Categories: Open House  


Posted by Upper Cape Realty on 2/11/2019


210 Cheshire Park, Wareham, MA 02571

Mobile Home

$85,000
Price

5
Rooms
2
Beds
2
Baths
Welcome to Great Hill Estates,an active adult community located in the Gateway to Cape Cod. This home is PRICED TO SELL FAST and perfectly located in the PET SECTION of the park! Nice private yard with a spacious deck, storage shed and parking for 2. 2 bedrooms and 2 full baths with many updates! Bright home with a great floor plan and plenty of storage. New furnace, water heater, carpets and more! Beautiful MICHAEL THOMAS cabinets with GRANITE countertops! Lots of 'extra's' such as central a/c, wood burning fireplace and an enclosed sunroom! On-site swimming pool, game room, pool tables, dining area and more. Great location being a stone's throw from Wareham Crossing, Walmart, gas stations, restaurants, Southcoast at Rosebrook medical center, highways and bridges. Short drive to VFW, ELKS and LEGION for members as well as beautiful sandy beaches, the Cape Cod Canal and charming Onset Vill. 1 hr to Boston and RI. Don't miss out on this opportunity to live in a community of your peers!
Open House
No scheduled Open Houses






Tags: Wareham   Real Estate   02571   Mobile Home  
Categories: Price Change  


Posted by Upper Cape Realty on 2/11/2019


8 Jackson St, Plymouth, MA 02360

Single-Family

$259,900
Price

4
Rooms
2
Beds
2
Baths
Welcome to 8 Jackson Street!This bright home has several updates and has been IMPECCABLY MAINTAINED by the current owner.This spacious home offers 1440 sqft of living space & that's not all! Partially FINISHED WALK OUT BASEMENT offers another 700+/- sqft of heated living space along with tall ceilings & tons of storage.The main floor has 2 spacious bedrooms and 2 RENOVATED BATHS! Big kitchen/dining area with plenty of cabinets and new appliances.HARDWOOD floors throughout and several 'built-ins' add character and charm!The exterior is newly shingled and has 2 driveways offering plenty of parking along with a storage shed,fully fenced yard,covered patio area,deck & cement pad for storing the boat! Walking distance to Buttermilk Bay,Honey Pot Lake/Mare Pond and playground & just a stones throw to 210 acres of natures beauty at the LYMAN RESERVE w/walking/hiking trails & BEACH area. Close to hwys/bridges & 1hr to BOS/RI.Furnishings negotiable! See you at the OPEN HOUSE SUN 2/17 from 11-1!
Open House
Sunday
February 17 at 11:00 AM to 1:00 PM
Cards honored. Please email Buyers name prior to open house. Thank you!
Cannot make the Open Houses?
Location: 8 Jackson St, Plymouth, MA 02360    Get Directions






Categories: New Homes  




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