70 Montebello Road, Jamaica Plain
3 bedroom
1 Bathroom
998 Square Feet
$289,000
Wow!
Three bedrooms, six rooms,front and back porch with terraced slate patio yard.
Super efficient sunlit condo with laundry in unit, updated eat-in-kitchen and bath.
Gleaming hardwood floors, fresh paint and walk to trains make this one a sure bet.
Joe Fallon
Agent
McCormack and Scanlan Real Estate
(617) 522-7355
10 Forest Hills Street, Jamaica Plain
2 Bedrooms
1 Bath
946 Square Feet
$284,900
Fabulous Layout!
This charming 2 bedroom condo is perched on a hill in JP’s Parkside neighborhood.
The open floor plan invites entertaining and the flexible floor plan allows for a three bedroom layout.
All new kitchen appliances and new electric.
Joe Fallon
Agent
McCormack and Scanlan Real Estate
(617) 522-7355
Choosing to heat your home water in this way brings you closer to having a GREEN property, which is the currnet fashion, and the right thing to do.
There are sacrifices invoved with using this type of ‘on demand’ appliance. Capacity is less – usually 3 – 5 gallons are heated per minute, compared to a tradional heater that stores several gallons. This really only poses a problem to large house holds, and can be rectified by installing more than one heater.
One other thing, make sure the your unit has a pilot ignition – not gas, otherwise the energy savings are negated.
A stand-alone tap that dispenses near-boiling water (88°C) for hot drinks and cooking. The Franke Little Butler eliminates the need to boil the kettle every time hot water is required, and produces up to 60 cups of hot water an hour.
Power-Pipe™ raises the temperature of incoming cold water by recycling free heat from wastewater going down the drain. About 90% of all hot water energy goes down the drain, allowing the Power-Pipe™ to recycle as much as 60% of the wasted heat. The more hot water you use, the more energy you save.
Do you have curb appeal? The inside of your home may be fabulous, but it’s the outside most people see.
Here are a few simple task that will spruce up your exterior:
- Kill mold and mildew on the house, sidewalks, roof, or driveway.
- Put away garden implements and tools.
- Clean windows and gutters.
- Pressure wash dirty siding and dingy decks.
- Mow the lawn. Get rid of weeds.
- Rake and dispose of leaves, even if your lot is wooded.
- Trim tree limbs that are near or touching the home’s roof.
We are hearing a lot about Buydowns these days, and for many people it’s confusing. What are they, what do they mean, and how do they work?
Let’s see if this helps:
Simplified: you more money upfront (at closing) and make lower monthly payments.
There are two types: Permanent and Pemporary
Permanent
A fixed amount, one time fee is paid up front in exchange for a permanent reduction of the interest rate on the loan. This can also be known as paying “points”.
Generally, on a 30 year loan, for each point you pay (which is one percent, or .01 of the loan amount) the interest rate on your loan is permanently reduced – but only by a quarter point, or .25%, not a full one percent.
It takes about five years to have the lower payment.
Temporary
The simplified explaination: Instead of reducing the interest rate (and payment as a result) for the life of the loan, the rate is reduced temporarily at the beginning of the loan.
Temporary buydowns are the most effective way to reduce the initial cost of housing, because the payment reduction is concentrated in the early years of the loan.
The expense ratios used to qualify the borrower for the loan are based on the reduced payment made by the borrower in the first month.
To cover the shortfall between the reduced payments made by the borrower and the regular payment received by the lender, cash is withdrawn from a special escrow account set up for that purpose. This escrow account can be funded by the buyer, the seller or the lender.
Mainly you see seller funded buydowns. Instead of negotiating down on the price by 3%, the seller proposes to use that money to fund a temporary buydown, which gets the borrowers a lower rate for the first 1, 2, or 3 years of the loan. The money goes into an escrow account and is drawn down to make the full payments due on the loan.
The total payment received by the lender, consisting of the payment made by the borrower plus the withdrawal from the escrow account, is exactly the same as it would be in the absence of the buydown.
Eric Heinrich
Summit Mortgage
eheinrich@summitmortgage.com
(617) 648-3951
11 – 25% of new homebuyers are willing to spend up to 25% extra for a eco-friendly or ‘green’ building.
This great news for the environment’s future means that the mainstream is recognizing and accepting the human responsibility factor.
Green Houses
- use sustainable materials, designs and technology
- use less energy, water, and natural resources
- creates less waste
- are healthier and more comfortable
And of course, houses that require less fuel for energy will save home owners a significant amount of money over time.
I am a bit iffy about these, but suppose they could be cool if the right image was used.
Give these guys a photo, and they will create a bas-relief of the image on tile. Please don’t use a person, it would be creepy, plus I don’t think it would help with the resale value.
Definitions provided by Real Estate ABC
Amortization
The loan payment consists of a portion which will be applied to pay the accruing interest on a loan, with the remainder being applied to the principal. Over time, the interest portion decreases as the loan balance decreases, and the amount applied to principal increases so that the loan is paid off (amortized) in the specified time.
Amortization Schedule
A table which shows how much of each payment will be applied toward principal and how much toward interest over the life of the loan. It also shows the gradual decrease of the loan balance until it reaches zero.
No, it’s not a loan to buy a bridge, (I’ve been asked, so don’t laugh).
A bridge loan is used to buy property without having to sell your current home right away. This means your offer to buy will not be limited by a sales contingency.
If this sounds scary it should, because you would have to make three mortgage payments at once:
1. current
2. bridge
3. new
There is a safer, less stressful way:
Get the bridge loan on your current house as a refinance. This pays off the existing mortgage so you can take cash out of it to use for the down payment and closing costs. You will also be able to set aside cash in an escrow account to pay the new, higher, mortgage.
Only one payment will have to be made out of pocket – The new loan used to purchase the house.
For more details, contact:
Eric Heinrich
Summit Mortgage
eheinrich@summitmortgage.com
(617) 648-3951
Low-H2O heat exchanger
- of pure copper and aluminium, totally non-corrosive
- A 30 year guarantee
- pressure tested: 20 bar
- supplied as standard with extended air vent with transparent synthetic drain tube.
- with dirt-repellent and dust-proof lacquer in graphite grey (RAL 7024)
- high heat output achieved with normal and lower flow temperatures
- efficient: rapid heating up speed due to super low water content
- the optimal combination of convection and radiation
