Teamwork Realty Group, LLC | Springfield, MA Real Estate, East Longmeadow, MA Real Estate



19 Plantation Dr, Agawam, MA 01001

Condo

$127,500
Price

4
Rooms
2
Beds
1/1
Full/Half Baths
Great price on one of the finest properties in Agawam. Convenient to highways. New Heat pump and AC in February 2018. Bring your creativity to make this home shine.
Open House
No scheduled Open Houses

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This Single-Family in Ludlow, MA recently sold for $192,500. This Cape style home was sold by Office LONGMEADOW - Teamwork Realty Group, LLC.


133 Shawinigan Drive, Ludlow, MA 01056

Single-Family

$199,999
Price
$192,500
Sale Price

7
Rooms
3
Beds
2
Baths
Beautiful and spacious 3 bed 2 full bath home with a big back yard. Home has a fantastic eat-in kitchen, AMAZING wood floors, stunning chair rail and fireplace in the living room. Charming home sits on over half an acre of land on a dead end Street. Easy Access to 90 and 291. Motivated Seller. See Disclosures. This home is also available with a 6-12 month Lease with Option to Buy. Please email for details.

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You may have heard that you will need 20 percent of the purchase price of a home to put down in order to buy it. As the prices of homes continue to rise. 20 percent of the purchase price of any home may not seem like a small feat to save up. It’s not impossible to buy a home. You may be able to get around the 20 percent rule in a variety of ways. Keep in mind that putting down as large of a down payment as you can will help you to land the home of your dreams a bit faster. 


The 20 percent down rule is sort of a myth. While the more you have saved up, the better your chances of standing out among other buyers are. You can still get a mortgage with less than 20 percent down from most banks. The drawback in not putting down 20 percent on a home is that you will need mortgage insurance (also known as PMI). Mortgage insurance is necessary if you put less than 20 percent down because the lender wants protection in case the home is foreclosed on due to a lack of payments.


All About PMI Payments


If you do put less than 20 percent down on a home, your PMI payments won’t go on forever. Once your loan is paid down a bit, you’ll be free and clear of PMI payments. As a rule, if the loan-to-value-ratio reaches 80 percent, you can ask your lender to cancel the insurance for you. When the loan-to-value ratio reaches 78 percent, the lender will automatically cancel the PMI. This is a welcome decrease in expenses since PMI insurance can add up to be hundreds of dollars per month.      


Finding A Way Around 20 Percent Down


Before you even decide to buy a house, you should look at financing options. There are certain programs that are available to you to help. If you know about them ahead of time, you’ll be able to take advantage of them.  


Government Programs


Many different government agencies have programs available to help people get a home easier. These programs will provide home loans with a low interest rate and little to no down payment. The downside to these programs is that many of them actually require you to purchase private mortgage insurance as a contingency to get the loan. You’ll need to plan for these extra expenses. There are even grants available to help you with your down payment. Check in your state or local HUD office for details on various programs that can assist you with your down payment on your first home. Through a bit of savings and research, owning your first home can be possible with or without 20 percent down.


This Single-Family in West Springfield, MA recently sold for $189,900. This Bungalow style home was sold by Office LONGMEADOW - Teamwork Realty Group, LLC.


96 worthy ave, West Springfield, MA 01089

Single-Family

$189,900
Price
$189,900
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
Price improvement! A must see! This beautiful home sits in a quiet neighborhood yet still close to area amenities. The first floor OPEN CONCEPT living space with refinished ORIGINAL HARDWOOD floors features a CUSTOM KITCHEN with GRANITE COUNTER-TOPS, stunning white cabinets and new porcelain tile floor. The second floor offers 3 spacious bedrooms all with walk in closets. PARTIALLY FINISHED BASEMENT offer beautiful additional living space. See if you can find the "HIDDEN ROOM!" Make this MOVE IN READY home yours!

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Trustee Sale! Must Sell! This 6/6 two family offers 3 bedrooms per unit, hardwood floors, replacement windows, eat-in kitchen, formal dining room and open porches. Each unit has one full bath although there is a possibility for a 2nd full bath on the first floor with updating. The first floor unit also has a handicap ramp. The second floor offers a walk up attic. This is being handled as an approved short sale through the UNITED STATES BANKRUPTCY COURT System. All offers are subject to lender and Court Approval and MUST be submitted on line (See firm remarks) with the attached purchase addendum signed by the buyer. Only cash or conventional loans will be considered. This is an as-is where is sale!

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