Amy Uliss - Ashland MA Real Estate, Framingham MA Real Estate, Natick MA Real Estate


If you have just purchased a home, you have the option to refinance your home soon. Just because you can refinance your home doesn’t mean that you should. How long you should wait to refinance your home depends on a few things including:


  • Your refinancing goals
  • The rules of your lender
  • If your mortgage has a pre-payment penalty clause

Goals


Your goals for refinancing are among the most important things when considering whether to refinance. Lenders typically won’t refinance a loan that you have secured in the last 120-180 days, so if you’re looking to lower your monthly payments, you may have to shop for a new lender.    


The Type Of Loan You Have


If your financial situation has changed, it may be smart to change the type of loan that you have. Oftentimes, changing the rate and the terms of the loan can give you the extra freedom that you need for your loan and your life. 


Pay Off Your Mortgage Faster


If you do a cash-in refinance, this could be a smart way for you to build equity for your financial future and help you to secure a lower rate for your mortgage. Keep in mind that FHA loans are a bit different when it comes to paying down your mortgage. The FHA streamline program requires that you wait a minimum of 6 months before you refinance. 


Pre-payment Penalties


 Before you refinance your home, you’ll need to double-check to ensure that your mortgage doesn’t have a pre-payment penalty. If you do have one of these clauses included in your loan agreement, you should consult your lender to make sure that refinancing is a smart move for you.


Lender’s Rules


Every lender has different rules as to how quickly you can refinance your mortgage. You may also need to meet certain qualifications in order to go ahead with the refinancing. 


As tempting as it can be to try and get a lower mortgage rate, you may want to hold off on refinancing for a variety of reasons. Remember that every time you refinance your home, you’ll need to pay closing costs and other fees. While it may be a savings in the long term, it could cost you some up front cash. 


The best course of action is ideally to shop for  a lender and a mortgage rate that will suit your needs from the beginning. While no one can completely predict a changing market, you can shop around and find the right rate and loan for you at the time.



1406 Windsor Dr, Framingham, MA 01701

Condo

$279,900
Price

4
Rooms
2
Beds
1/1
Full/Half Baths
This two bedroom, 1.5 bath property is now ready for your TLC and personal touch. The open living room dining room has lots of natural light and sliders that lead right out to your own private fenced in patio area with exterior storage. Both second floor bedrooms are ample size with good closet space. Enjoy the well maintained grounds, tennis and basketball courts and residents pool. This is a most desirable location for its proximity to shopping, many services and restaurants. Complex is minutes to Route 20 and Route 9/Mass Pike. An ideal location in a sought-after community and a great place to call home.
Open House
No scheduled Open Houses

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69 Towne Hill Rd, Haverhill, MA 01835

Bradford

Single-Family

$520,000
Price

7
Rooms
4
Beds
3
Baths
Did you say you wanted to live within walking distance of a golf course? Well then this is the home for you. This property features 4 bedrooms and 3 full baths as well as an outdoor entertaining area that is perfect for a quiet afternoon by the fire pit or a large celebratory party. The kitchen located in the upper level, has granite countertops and a wonderful island with bar seating and opens right up into the dining room. Two of the living room/family room areas is located on this level also. One of the 3 bedrooms on this level has a full ensuite bath while the other full bath is conveniently located to the other two bedrooms. The lower level is home to an additional family room with a full bath and office/bedroom. The home will require TLC to bring back to its original grandeur but well worth it in this most desirable neighborhood which is great for taking walks, meeting new friends as well as close to the highway.
Open House
Saturday
July 24 at 11:00 AM to 1:00 PM
No appointment required
More Open Houses
Cannot make the Open Houses?
Location: 69 Towne Hill Rd, Haverhill, MA 01835    Get Directions

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69 Towne Hill Rd, Haverhill, MA 01835

Bradford

Single-Family

$520,000
Price

7
Rooms
4
Beds
3
Baths
Did you say you wanted to live within walking distance of a golf course? Well then this is the home for you. This property features 4 bedrooms and 3 full baths as well as an outdoor entertaining area that is perfect for a quiet afternoon by the fire pit or a large celebratory party. The kitchen located in the upper level, has granite countertops and a wonderful island with bar seating and opens right up into the dining room. Two of the living room/family room areas is located on this level also. One of the 3 bedrooms on this level has a full ensuite bath while the other full bath is conveniently located to the other two bedrooms. The lower level is home to an additional family room with a full bath and office/bedroom. The home will require TLC to bring back to its original grandeur but well worth it in this most desirable neighborhood which is great for taking walks, meeting new friends as well as close to the highway.
Open House
Saturday
July 24 at 11:00 AM to 1:00 PM
No appointment required
More Open Houses
Cannot make the Open Houses?
Location: 69 Towne Hill Rd, Haverhill, MA 01835    Get Directions

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69 Towne Hill Rd, Haverhill, MA 01835

Bradford

Single-Family

$520,000
Price

7
Rooms
4
Beds
3
Baths
Did you say you wanted to live within walking distance of a golf course? Well then this is the home for you. This property features 4 bedrooms and 3 full baths as well as an outdoor entertaining area that is perfect for a quiet afternoon by the fire pit or a large celebratory party. The kitchen located in the upper level, has granite countertops and a wonderful island with bar seating and opens right up into the dining room. Two of the living room/family room areas is located on this level also. One of the 3 bedrooms on this level has a full ensuite bath while the other full bath is conveniently located to the other two bedrooms. The lower level is home to an additional family room with a full bath and office/bedroom. The home will require TLC to bring back to its original grandeur but well worth it in this most desirable neighborhood which is great for taking walks, meeting new friends as well as close to the highway.
Open House
Saturday
July 24 at 11:00 AM to 1:00 PM
No appointment required
More Open Houses
Cannot make the Open Houses?
Location: 69 Towne Hill Rd, Haverhill, MA 01835    Get Directions

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