Christine Powers - Coldwell Banker Residential Brokerage - Cohasset



Posted by Christine Powers on 6/2/2020

This Single-Family in Norwell, MA recently sold for $1,027,000. This Colonial style home was sold by Christine Powers - Coldwell Banker Residential Brokerage - Cohasset.


20 E A Joseph Dr., Norwell, MA 02061

Single-Family

$1,090,000
Price
$1,027,000
Sale Price

11
Rooms
4
Beds
3/1
Full/Half Baths
Set behind stone walls & luxe landscaping on highly sought after EA Joseph Drive, this 1-owner custom-built 4BR 3.5 bath home w/ over 4500 SF has been completely renovated from top to bottom since 2016. Privately sited in a prime neighborhood location abutting conservation land, you can live in an established setting while enjoying all new modern updates & stylish finishes throughout. The spacious interior boasts a classic floorplan with fine architectural details, high ceilings, rich HW floors, all NEW baths, windows, AC & state of the art systems. Upstairs are 4 BRs including a MBR suite w/spectacular dressing room & on-trend bath with tiled steam shower & soaking tub. There are 3 more BRs, plus a huge bonus room/office w/en-suite bath & separate stairway, perfect for in-law/aupair. There's a finished 3rd floor plus a full finished LL. Outdoors, an oversized TREX deck leads to a private, level backyard with lush lawn & room for a pool! Four minutes to Exit 13, shopping & YMCA. Wow!

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Categories: Sold Homes  


Posted by Christine Powers on 6/2/2020

Image by Gerd Altmann from Pixabay

Should you cosign on a mortgage loan to help someone else buy a house? 

Hopeful home buyers who lack the necessary credit history, W-2 income or overall income versus their debt can face problems getting a mortgage lender to approve a loan. Borrowers with a 43% or higher debt-to-income ratio may learn their income doesn't suffice. Yet if a cosigner steps up, promising to pay the mortgage if needed, the loan might be approved.

If you are the one who steps in, it's highly likely that your name will actually be on the title. Most lenders want it that way, so the asset can be pledged as collateral by both of you.

Are You Prepared to Do More Than Simply Cosign the Loan? Should You?

So, if the mortgage company asks you to serve as a co-borrower, not just a cosigner, understand the lender's expectations. Does the lender expect you to become a co-owner? If so, your name will appear, along with the primary borrower's, on the deed — even if you never set foot in the house and don't expect to pay anything.

If the person you are helping ever gets in a bind and can't make a mortgage payment, you'll be second in line to pay. And your credit report will be dented if you don't.

Were you a mere cosigner, you'd be asked to pay the debt but never have a claim to the value of the home. In other words, mere cosigners get liability for the debt — without the asset. 

What Does a Good Outcome Look Like?

Of course, you want the person you're helping to enjoy living in the home, to pay the monthly mortgage and, ultimately, to apply for a new loan that refinances the debt and turns the primary borrower into the sole borrower and the sole owner.

Even if you are 100% sure all will go as planned, it's a good idea to have a lawyer draw up a binding agreement that memorializes the primary borrower's intent to let you off the title, deed, mortgage and homeowner's insurance policy by a date certain after closing on the home. It will keep the primary borrower focused on making regular mortgage payments and developing strong credit, anticipating the refinancing application process. 

When the primary buyer successfully refinances the home mortgage, it will be time for you to take your name off the title. You can sign a quitclaim deed to release yourself from ownership.

Then you can congratulate yourself for enabling someone to buy a home. And congratulate the new homeowner for keeping both of your credit ratings as strong as your relationship.




Categories: Mortgage  


Posted by Christine Powers on 5/28/2020

Stunning California Contemporary, located in a peaceful & tranquil setting, is set among a private enclave of executive homes in a coveted location right near Cohasset Golf Club. In keeping with itís modern architecture, the home features gorgeous Norfolk pine beams, oversize windows & an airy open floor plan that creates a connection to it's outdoor surroundings. Dramatic vaulted 2 story living & dining room with floor to ceiling stone fireplace lends itself to both formal entertaining & casual family gatherings. Large center island kitchen with dining area features a gas FP, pantry & convenient mudroom. The screened in porch is the perfect place to unwind after a soak in the hot tub or relaxing steam shower. The master bedroom with double walk in closets is the ultimate retreat boasting a sleek bath & private deck.The 2nd floor loft is highlighted with custom built in bookcases & desk area along with a private office. Walkout lower level game room. Minutes to boat & train to Boston.

More Info on this Property | New Listing Alerts





Posted by Christine Powers on 5/28/2020


124 Lamberts Ln, Cohasset, MA 02025

Single-Family

$1,375,000
Price

9
Rooms
4
Beds
4
Baths
Stunning California Contemporary, located in a peaceful & tranquil setting, is set among a private enclave of executive homes in a coveted location right near Cohasset Golf Club. In keeping with it's modern architecture, the home features gorgeous Norfolk pine beams, oversize windows & an airy open floor plan that creates a connection to it's outdoor surroundings. Dramatic vaulted 2 story living & dining room with floor to ceiling stone fireplace lends itself to both formal entertaining & casual family gatherings. Large center island kitchen with dining area features a gas FP, pantry & convenient mudroom. The screened in porch is the perfect place to unwind after a soak in the hot tub or relaxing steam shower. The master bedroom with double walk in closets is the ultimate retreat boasting a sleek bath & private deck.The 2nd floor loft is highlighted with custom built in bookcases & desk area along with a private office. Walkout lower level game room. Minutes to boat & train to Boston.
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Christine Powers on 5/26/2020

For those who want to enjoy a seamless homebuying experience, it helps to prepare accordingly. That way, you will be ready to identify and address any hurdles that come your way during the homebuying journey.

Ultimately, there are lots of things you can do to avoid a complex homebuying journey, such as:

1. Establish Homebuying Criteria

If you enter the housing market with homebuying criteria in hand, you can search for residences that match your expectations. Best of all, you may be better equipped than ever before to streamline your quest to find and acquire your dream home.

To craft homebuying criteria, think about what you require from a house. For instance, if you need a home that is located near your office in the city, you can hone your house search to residences in or near the city itself. On the other hand, if you want a home that offers two or more bedrooms, you can search for a house that provides the space you need.

You may want to create a list of home must-haves, too. This list may help you simultaneously narrow your home search and speed up the homebuying journey.

2. Know Your Homebuying Budget

There is no need to focus on homes that fall outside your price range. Instead, develop a homebuying budget, and you can avoid the risk of wasting time pursuing a house that you are unable to afford.

Oftentimes, it helps to meet with banks and credit unions before you launch a home search. These financial institutions can teach you about different home financing options so you can develop an effective property buying budget.

Banks and credit unions can help you get pre-approved for a mortgage as well. Once you have a mortgage in hand, you will know precisely how much you can spend to acquire your ideal residence.

3. Collaborate with a Real Estate Agent

Let's face it Ė no one wants to encounter roadblocks during the homebuying journey. Fortunately, real estate agents are available in cities and towns nationwide, and these homebuying experts are happy to help you achieve your desired results.

A real estate agent can offer comprehensive insights into the homebuying journey. He or she also can help you conduct an in-depth home search, set up house showings and much more.

In addition, a real estate agent understands the challenges associated with buying a house. He or she will help you alleviate stress throughout the homebuying journey and ensure you can make informed decisions along the way. Plus, a real estate agent is ready to provide homebuying recommendations and suggestions at your request.

When it comes to navigating the homebuying journey, you may want to start planning today. Thanks to the aforementioned tips, you can map out a successful homebuying journey. And as a result, you can boost the likelihood of purchasing a house that will serve you well both now and in the future.




Categories: Buying a Home   buying tips  




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