
4-Bedroom Cambridge Condo Just Listed
Groceries, restaurants, shops, theatre, and more to sustain the quality of life you crave only blocks from this charming townhouse on a bucolic street.
Refinancing a mortgage means paying off an existing debt and replacing it with a new one.
When refinancing, you can consolidate debt, adjust loan terms, lower your monthly payment, or even take some cash out of the equity in your house to pay bills or make improvements.
Lowering the interest rate on your current loan is among the best reasons for refinancing.
Typically, refinancing makes sense if you can lower your interest rate by at least 2%. However, many lenders assert that 1% savings is a sufficient inducement to refinance.
A mortgage calculator can be a useful tool for planning some of the expenses.
Borrowers typically receive a lower interest rate at the beginning of an adjustable rate mortgage (ARM).
However, the interest rate may change after a predetermined period (often 5, 7, or 10 years), and not necessarily in the borrower’s advantage.
Because of this, some homeowners choose to convert their adjustable-rate mortgage (ARM) into a fixed-rate loan, which eliminates this fluctuation in interest rate.
Refinancing is not always necessary to remove private mortgage insurance from a traditional loan.
You can get rid of PMI without paying off your loan, unlike FHA MIPs. As soon as you have enough equity—typically 20%—you can ask for cancellation.
Groceries, restaurants, shops, theatre, and more to sustain the quality of life you crave only blocks from this charming townhouse on a bucolic street.
Cambridge homes (and Somerville, and Arlington, and…) can be charming, and quirky.
With plenty of space to grow into, this 3-bedroom home will give you plenty of opportunities.
Groceries, restaurants, shops, theatre, and more to sustain the quality of life you crave only blocks from this charming townhouse on a bucolic street.
Cambridge homes (and Somerville, and Arlington, and…) can be charming, and quirky.
With plenty of space to grow into, this 3-bedroom home will give you plenty of opportunities.
Do you want to live close to Davis Square? Or maybe Porter Square? Why not both?? Reach out today to see this one-of-a-kind opportunity!
The Beacon Group is a client-driven real estate team working in Greater Boston to help clients buy, sell, and invest in real estate. We provide straightforward, analytical advice, empowering clients to make successful and informed decisions. We provide our buying clients with constructive insights, allowing them to identify the right property and enabling them to make purchase decisions with confidence. Our recommendations to both buyers and sellers are specifically crafted to meet clients’ short and long-term housing and financial goals.
1261 Centre St, Newton 02459
1000 Mass Ave, Cambridge 02138