Lorraine Herbert, CRB, CRS, GRI, ABR, ABRM, CLHMS, CDPE, CIAS, HAFA certified, LMS.



69 Steeple View, Sturbridge, MA 01566

Condo

$257,900
Price

7
Rooms
2
Beds
2/1
Full/Half Baths
Motivated Seller! Absolute Best Buy Most sought after floor plan in Sturbridge Hills! This spacious end unit has a bright and airy feel with large cathedral fire placed Living Room showcasing striking round top double window. Fully applianced Kitchen with hardwood flooring and over sized peninsula opens to cathedral Dining Room also with hardwood flooring. There is a first floor Bedroom with walk in closet, full Bath plus a second floor Master Bedroom with walk in closet, full Bath and a Loft area with double closets overlooking the main level. First floor guest Bath and first floor Laundry Room. Walk-out finished basement could be entertainment central with huge Family Room and built in bar! This must be seen! Ready to sell, easy to show!
Open House
No scheduled Open Houses




Everyone knows that their credit score will affect the mortgage they qualify for and the interest rate they receive. The details of how exactly those numbers are arrived at, however, are a bit hazy for the average prospective homeowner.

This confusion is due to a number of reasons. Chief among them is the fact that your average person isn’t well-versed in credit terminology or the variables that go into determining their credit scores.

In this article, I’m going to break down credit scores and credit bureaus, then discuss how each of them affects the mortgage rate you could receive. Then, we’ll talk about some ways you can boost your score to qualify for a better rate.

Anatomy of a credit score

Credit scores are determined by five main variables. In order of importance, they are:

  • 35%: your payment history on loans, bills, credit cards, etc.

  • 30%: your total debt amount for all of your accounts

  • 15%: length of your credit history (how long you’ve had open accounts for loans, credit cards, etc.)

  • 10%: types of credit you have used (auto loan, student loan, credit card… diversity of loans matters)

  • 10%: recent credit inquiries (such as taking out new loans or opening new credit cards)

To have a “good” (over 700) or “excellent” (over 750) credit score, you’ll need to focus on each of these factors. For most people, paying their bills on time over a long enough timeline is enough to get them into the excellent range.

But things happen in life. People forget to pay an important bill, they have financial emergencies, or they have to take out a loan for an unforeseeable expense.

The credit bureaus

So, who are the people that determine your credit score?

There are three main credit bureaus: Experian, TransUnion, and Equifax. Lenders will look at reports from all three bureaus to determine your rate. Due to the Fair and Accurate Credit Transactions Act of 2003, consumers are able to receive a free copy of their credit report from each bureau once per year.

Since then, companies like Credit Karma have made credit reports even more accessible. Users are able to check in on their credit as often as they want free of charge.

Since much of your credit score is out of your hands, at least in the short-term, what can you do to help boost your score over the next few months to increase your chances of getting a good interest rate on your loan? Two things.

Credit and mortgages

So, just how much of an impact does your credit score have on your mortgage rate? Having an excellent score can give you a full percentage point lower on your monthly interest rate.

One percent doesn’t seem like much, but over the period of a 30-year loan that can amount to tens of thousands of dollars that you could have saved if you had a better credit score. As you can imagine, having an extra $2,000 per year can be quite helpful to a new homeowner.

So, what can you do to boost your score?

Make corrections

Since you have access to free credit reports be sure to go through your detailed report a few months before you plan to apply for a mortgage. Report any harmful errors to help you increase your score.

Don’t apply for new credit

The period from now until you apply for a mortgage is an important one. If you make new credit inquiries (i.e., open up new credit cards, take out new loans, etc.), your score will temporarily decrease. Wait until after you sign on your mortgage to take out other loans.



179 Cedar St, Sturbridge, MA 01518

Single-Family

$318,000
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
BE HOME by the HOLIDAYS! Privacy abounds in this very conveniently located Sturbridge home offering 2100+ sq ft of living space, 4 BR, 2 1/2 BA, 2 car garage on 1.5 Acres. Noteworthy are the hand-crafted stone walls, private drive thru treed front yard & striking stone front steps. 1st floor features fpld Fam Rm w/Berber carpet, formal Liv Rm w/refinished hdwds, formal Dining Rm w/refinished hdwds & picture window overlooking wooded backyard, guest BA & large eat-in Kit w/french doors to amazing oversized deck, perfect for watching the setting sun! 2nd floor has spacious Master BR w/cedar-lined walk-in closet & full BA plus 3 addit BRs and 2nd full BA. 4th BR doubles nicely as Ofc w/built in desk or can be used as Laundry Rm, as hook-ups are installed. All flooring and walls are neutral and ready for your personal touch. Included are large storage building & pergola. Home surrounded by nature, yet close to schools and rec facilities and is waiting for its new family! Motivated Sellers!
Open House
Sunday
October 22 at 1:30 PM to 3:00 PM
Motivated Sellers! BE HOME by the HOLIDAYS! Privacy abounds in this very conveniently located Sturbridge home offering 2100+ sq ft of living space, 4 BR, 2 1/2 BA, 2 car garage on 1.5 Acres. Noteworthy are the hand-crafted stone walls, private drive thru treed front yard & striking stone front steps. 1st floor features fpld Fam Rm w/Berber carpet, formal Liv Rm w/refinished hdwds, formal Dining Rm w/refinished hdwds & picture window overlooking wooded backyard, guest BA & large eat-in Kit
Cannot make the Open Houses?
Location: 179 Cedar St, Sturbridge, MA 01518    Get Directions





17 Crescent Way, Sturbridge, MA 01518

Condo

$312,500
Price

6
Rooms
2
Beds
2/1
Full/Half Baths
Absolutely stunning townhouse in sought after Crescent Gate, Sturbridge's premier Active Adult Community. One of only 12 cottages in the complex, this unit will captivate your attention with luxury finishes, beautiful decor and striking layout. Open first floor design features all hardwood cathedral fireplaced Living Room, gracious Dining Room and very upscale eat-in Kitchen with granite, stainless steel appliances and sliders to the Sun Deck. Conveniently, also on the first floor, tiled guest Bath with Laundry and cathedral Master Bedroom with walk-in closet and full double vanity master Bath. The second floor has a Loft/Family Room area, full tiled Bath and 2nd Bedroom with skylight detail. Add in full walk-out Basement and Garage in a centrally located, very friendly and beautifully maintained complex with Theater, Exercise Room, Library and Community Room amenities!
Open House
Sunday
October 22 at 11:30 AM to 1:00 PM
Absolutely stunning townhouse in sought after Crescent Gate, Sturbridge's premier Active Adult Community. One of only 12 cottages in the complex, this unit will captivate your attention with luxury finishes, beautiful decor and striking layout. Open first floor design features all hardwood cathedral fireplaced Living Room, gracious Dining Room and very upscale eat-in Kitchen with granite, stainless steel appliances and sliders to the Sun Deck.
Cannot make the Open Houses?
Location: 17 Crescent Way, Sturbridge, MA 01518    Get Directions





41 Mcgregory Rd, Sturbridge, MA 01566

Single-Family

$499,900
Price

10
Rooms
5
Beds
3/1
Full/Half Baths
Welcome Home to this wonderful classic Garrison Colonial in great central neighborhood! With room for everyone, this beautifully maintained home features quality detailing, hardwood flooring, wainscotting, central air and updated Kitchen and Baths! First floor slate foyer with raised paneling detail, front to back fireplaced Living Room with built in shelving, formal Dining Room with sliders to brick patio, spacious eat-in cherry Kitchen with lots of cabinets and uber charming fireplaced office/den with beamed ceiling, gorgeous pegged oak floor and built-ins. First floor also has guest Bath, laundry and tiled 3 season Sun Room with sliders to patio. Go up the rear stairway to huge Family Room with wet bar, wainscotting and lots of storage. Second floor all hardwood floored Bedrooms include large Master with full Bath and walk-in, 4 additional Bedrooms and two additional full Baths. Oversized two car garage, lower level fireplaced Play Room with storage and lovely open landscaped yard!
Open House
Sunday
October 22 at 12:00 PM to 2:00 PM
Welcome Home to this wonderful classic Garrison Colonial in great central neighborhood! With room for everyone, this beautifully maintained home features quality detailing, hardwood flooring, wainscotting, central air and updated Kitchen and Baths! First floor slate foyer with raised paneling detail, front to back fireplaced Living Room with built in shelving, formal Dining Room with sliders to brick patio, spacious eat-in cherry Kitchen with lots of cabinets and uber charming fireplaced office.
Cannot make the Open Houses?
Location: 41 Mcgregory Rd, Sturbridge, MA 01566    Get Directions






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