Single-Family – 83 Crosby Rd. Marlborough, MA 01752 is now new to the market!

New to market..Beautiful renowned Miles Standish Neighborhood! 1/2 Acre(apprx) Lot.. Lovely Open floor plan with OAK HARDWOOD FLOORING ON 1st. FLR! Nice Eat-In Kitchen w/Stainless Sink, Elec.Range, Refrigerator, Dishwasher, access to 16×15 Deck & fantastic backyard. Enjoy the spacious Living Room-Large Picture Window and Side Windows, open to the Dining Rm. Immaculate Full Bath with extended vanity, Tile in tub/shower area & Flr.,+ Linen Closet. KING SIZE MASTER, & KING SIZE 2nd. BR! FINISHED LOWER LEVEL WALK-OUT, with 1/2 Bath & Laundry(LARGE ENOUGH TO MAKE INTO A FULL or 3/4 BATH IF DESIRED. AREA: 16×12 Storage Shed w/Loft, & 19×12 Quonset Style storage. Jaworek Elementary, AMSA Charter, Renovated Memorial Beach(Swim/Boat/Sports), NEW APEX Ctr.(shopping/ adventure/eateries), Solomon Pond Mall, T, near Major Rts.. UPDATES: 2012 Exterior Painted, Apprx.2006: Architect.Roof,&Vents/Harvey Doors&Tilt Wind.w-Blt.In Grids, 10/2013-50 Gal.Hot Wtr.Tank. Awaits your personal touch!

This is a Split Entry style home and features 7 total rooms, 1 full bath, 1 half bath, 3 bedrooms, 0.46 Acres, and is currently available for $344,900.

For complete details click here.

Why You Can’t Afford What You’re Approved For

When you get pre-approved for a mortgage, you may be excited to find out that you can afford a lot more house than you thought you could. Don’t be so fast, this is just what you can get a loan for. The bank doesn’t know a lot of factors about your finances. While you most likely had to provide a ton of income verification statements and information in order to get this ballpark figure, relying solely on the pre-approval number can put you in a bind when it comes to your finances. Your lender doesn’t know certain things like how much you spend on groceries or how much your cell phone bill is each month. 

What Lenders Consider

Lenders look at the health of your credit history, how much income you have and how much debt you have. These are the big factors that tell your lender about how much house you can afford. Yet, your home lender is not your financial advisor and can’t help you with household expenses and the like. When thinking about what price range of home you really can afford, consider these factors beyond the bank:

Your Monthly Budget

Your spending habits will ultimately affect your ability to pay the monthly mortgage bill. If you’re spending all of your disposable income, then you may not be able to afford much at all beyond what you’re already paying for rent. You don’t want to stretch your finances so thin that you won’t be able to afford food! 

Owning A Home Requires Additional Costs

Lenders do factor into their number the cost of homeowner’s insurance and property taxes, but don’t consider other things like utility bills, trash pickup and home repairs. All this can certainly add up when you’re a homeowner! 

Your Savings Is Nonexistent

If you’re unable to save any money at all if you’re a homeowner, then you’ll be in trouble. You need money stashed away in case of unemployment or an emergency. You also may be planning for things like retirement and future costs like children’s education. For the initial purchase of a home, you’ll need upfront payments available for the down payment and closing costs. However, you’ll need some more savings beyond that for everything that life brings your way!  

You Have Big Plans

Are you thinking of quitting your job and heading out to start your own business? Now may not be the best time to buy a new house. These changes could have a huge impact on your finances and leave you unable to pay your mortgage. Your lender won’t be asking about these plans, so you’ll need to know what the future holds (for the most part ) in order to keep your own finances secure. 

The bottom line is that anything that could leave you financially stressed is not a good idea. Considering that buying a home is one of the biggest purchases you’ll ever make, you want to be sure that you keep your finances in check during the purchase process.