Laurie Cappuccio, CBR specializing in MA Real Estate | Veterans Way Development in Reading


When you buy a home, there’s more to shop for than just the right place to live. Before you settle with a lender, you should shop around a bit. You want to be sure that your lender has your very best interests in mind when you’re in the midst of making one of the biggest purchases of your lifetime. Below, you’ll find some of the most important questions that you need to ask a lender while you’re in the process of buying a home.


Do You Offer Any Special Programs?


Choosing the right lender involves choosing a firm that offers the types of programs that will be helpful to your specific situation. You should look for a lender that offers a wide array of loans to suit your needs. Beware of any lender who tries to push you into a certain type of loan, especially if you don’t feel that it is a good fit for you. 


Do You Understand The Terms Of Certain Types Of Loans?


If you are seeking a certain type of loan, you probably should tell your lender that upfront. Of they seem familiar with it and have worked with the loan before, you’re in good hands. If the type of loan that you’re looking for is more uncommon, then you may need to shop around carefully for the right lender who understands your needs. 


Do I meet The Qualifications For Specific Loans?


The requirements for the same loan at two different lenders could be different. Things like your credit score could be a big factor. If you have a less than desirable credit score, this would also prompt you to want to look around a bit. You should know that different lenders have different terms and looking at a few lenders could be beneficial to you.


What Are The Mortgage Rates?


You’ll need a general ballpark idea of what rates will be for you when you finally secure that home loan. Keep in mind that rates fluctuate often and that an estimate will be just that. It’s not a number that will be set in stone, however, it will give you a good place to start as you shop around for a loan. 


Do You Help With Down Payments?


There are many down payment assistance programs available and your lender can help you to navigate them. The more you put down, the better your interest rate will be. If the amount that you’re able to put down on a home is a factor for you, definitely discuss it with your lender.


Can You Provide Pre-Approval Proof?


In hot real estate markets, you’re going to need some proof that you’re pre-approved in order to have the upper hand once you put in an offer on a home. Your lender should be able to provide your real estate agent with a certified letter of your pre-approval and the amount. 


Choosing the right lender is just as important as choosing the right realtor and the right home to buy. It’s just another part of the home buying process!


If you’re looking for the perfect location to live but can’t quite afford the neighborhood that you’re vying for, a good option is to look for what’s deemed a "up and coming" neighborhood. These areas are where buyers can find the perfect house in a place where property values are only going to increase in the coming years. Buyers may feel that this is a gamble. How can you really tell if a neighborhood is one of these areas? There are a few vital signs that you can find below which show a city or town is on the up and up.


New Concept Businesses Are Moving In


If you hear a new grocery store is going in an area, co-working spaces, or vegan restaurants are coming to town; it’s a good sign that the neighborhood is going to be a happening place very soon. Think organic, Millennial minded ideas that are trendy. The key is to find the things and places that people want most. If you can move into one of these areas before it becomes popular, you have struck property gold. 


Public Transportation Is Nearby


In any urban area, being near public transportation is a huge plus. Being near any major transit is great for property values. Even homes near major routes are attractive. People will always want easier access to work and the things they need.


Think About How An Area Is Perceived


Cities across the country have flipped from having negative connotations to being an area of luxury. It happens slowly, but it starts with how desirable people believe the area to be. What’s considered “hip” can really affect the way an area is perceived.


Are The Homes In The Neighborhood The Same?


There’s often much potential in neighborhoods where all of the homes have the same design. If you see homes in a place where properties could use some TLC, it may be an opportunity for you. Other buyers or house flippers may have the same idea. It will be like a domino effect, and the neighborhood will turn around quickly.  


How Long Have Homes Been On The Market?


If houses in an area have been on the market for an extended period, it could be an opportunity for you to get a bargain. Buyers may shy away from a home just because the area is less than ideal. Your real estate agent can help you to determine places where homes have been on the market for awhile.           



1 VETERANS WAY, Reading, MA 01867

Single-Family

$1,050,000
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
Commuter Open House this Thursday, May 17th, from 6:00-7:00. Come walk the lot and see what all the excitement is about! Welcome to Reading's Premier development! Introducing "The Liberty"! Pre Sale Pricing of this NEW CONSTRUCTION on a CUL DE SAC, ready for delivery fall/winter of 2018. LUXURY homes, offering HARDWOOD throughout, CUSTOM MOLDINGS and 9 FOOT CEILINGS (1st floor). Standard options include several QUARTZ or GRANITE Selections, PROFESSIONAL STAINLESS STEEL APPLIANCE package and NATURAL GAS, just to mention a few features. OPTION to FINISH WALK UP 3rd LEVEL or WALK OUT LOWER LEVEL. Call today for more information and to make a reservation.
Open House
Thursday
May 17 at 6:00 PM to 7:00 PM
Commuter Open House! Come walk the lot and find out what all the excitement is all about.
Cannot make the Open Houses?
Location: 1 VETERANS WAY, Reading, MA 01867    Get Directions

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3 VETERANS WAY, Reading, MA 01867

Single-Family

$1,200,000
Price

9
Rooms
4
Beds
2/1
Full/Half Baths
Commuter Open House this Thursday, May 17th, from 6:00-7:00. Come walk the lot and see what all the excitement is about! Welcome to Reading's Premier development! Introducing "The Patriot". This is the PRIME LOT in this development! Pre Sale Pricing of this NEW CONSTRUCTION on a CUL DE SAC, ready for delivery fall/winter of 2018. LUXURY homes, offering HARDWOOD throughout, CUSTOM MOLDINGS and 9 FOOT CEILINGS (first floor). Standard options include several QUARTZ or GRANITE Selections, PROFESSIONAL STAINLESS STEEL APPLIANCE package and NATURAL GAS, just to mention a few features. OPTION to FINISH WALK UP 3rd LEVEL or WALK OUT LOWER LEVEL. Call today for more information and to make a reservation.
Open House
Thursday
May 17 at 6:00 PM to 7:00 PM
Commuter Open House! Come walk the lot and find out what all the excitement is all about.
Cannot make the Open Houses?
Location: 3 VETERANS WAY, Reading, MA 01867    Get Directions

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4 VETERANS WAY, Reading, MA 01867

Single-Family

$1,100,000
Price

8
Rooms
4
Beds
3
Baths
Commuter Open House this Thursday, May 17th, from 6:00-7:00. Come walk the lot and see what all the excitement is about! Welcome to Reading's Premier development! Introducing "The Independence"! Pre Sale Pricing for NEW CONSTRUCTION on a CUL DE SAC, ready for delivery fall/winter of 2018. LUXURY homes, offering HARDWOOD throughout, CUSTOM MOLDINGS and 9 FOOT CEILINGS (1st floor). Standard options include several QUARTZ or GRANITE Selections, PROFESSIONAL STAINLESS STEEL APPLIANCE package and NATURAL GAS, just to mention a few. Upgrade OPTION to FINISH WALK UP 3rd LEVEL or WALK OUT LOWER LEVEL. Exterior photo is a SAMPLE ONLY of a similar home built. Call today for more information and to make a reservation.
Open House
Thursday
May 17 at 6:00 PM to 7:00 PM
Commuter Open House! Come walk the lot and find out what all the excitement is all about.
Cannot make the Open Houses?
Location: 4 VETERANS WAY, Reading, MA 01867    Get Directions

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