WEICHERT, REALTORS® - Hunter Properties | North Attleborough Real Estate, Attleborough Real Estate


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You’ve finally found the perfect home. It’s got the number of bedrooms you wanted, a spacious kitchen, updated bathrooms, and even a beautiful vegetable garden out back. Now comes the tricky part—how to pay for it.

Numerous home buyers find financing their mortgages through a credit union to be a good option. According to Magnify Money, approximately nine percent of mortgages are held by credit unions. These non-profit organizations essentially operate like banks, but are more laid back, less aggressive, and easy to work with. Here are some of the top benefits you’ll find when financing your mortgage through a credit union.

Experience a Simplified Lending Process

As a part of their philosophy, credit unions put a higher priority on customer service than they do profits. They don’t have to answer to external stockholders and put priority on profits the way traditional for-profit banks do. As a result, credit unions are equipped to offer easier loan approvals and decent mortgage rates. Even if you have a lower credit score or have saved a smaller down payment than traditionally required, you can usually find a credit union willing to work with you.

Enjoy Lower Fees & Put Money Back into Your Pocket

Credit unions are known to offer fewer origination fees and lower processing costs because they don’t have the same requirements banks do. For instance, credit unions don’t have to pay federal taxes and need to break every year due to their non-profit status. These savings are usually passed onto their members.

Build a Personal Relationship with Lender

Many mortgage seekers find they enjoy working with an entity that strives to treat them as a person, not as a distant account number. Since many credit unions are smaller entities than their for-profit banking counterparts, they typically offer a “small-town” feel, even if they are a large credit union. This is because their memberships are limited to specific affiliations.

Also, a consideration you might find of value is the fact credit unions don’t typically sell out to other entities. Chances are you’ll have one lender to deal with through the lifetime of your mortgage (although not a 100% guarantee). If you borrow from a bank, chances increase for your loan to change hands many times over the years.

There are many benefits to knowing who services your loan. If a problem or other issue arises, you’ll almost always know who you can turn to and where to send your payment.

How to Join a Credit Union

Ideally, you’ll want to be preapproved before starting your home search so you know how much you qualify for and don’t waste time looking at homes out of your price range—this is no matter what lender you ultimately decide to take out a mortgage with. But if you’re looking for low maintenance and high- quality lenders, a credit union might suit your needs.

If you’re not sure you can join one, be sure to consider all of your personal and professional affiliations, be they your college alumni, employer, HOA or church, to name a few. You can find out which ones you are eligible to join by checking your affiliations at CUlookup.com.


Professional Building offers 6,400 square feet of space. Main level offers 3200 square feet being used for offices and an additional 3200 square feet on lover level presently used by a contractor with access on grade and garage door measuring 9'6" x 9'0" for loading and unloading. Great potential to located your business and have additional income from Tenants. Located close to major routes and commerce. Site offers large paved parking areas on each level and lovely treed lot.

More Info on this Property | New Listing Alerts


8 Hill Street, Norfolk, MA 02056

Commercial

$649,900
Price

1
Buildings
Commercial
Type of Comm.
31,307.00
Lot Size
Professional Building offers 6,400 square feet of space. Main level offers 3200 square feet being used for offices and an additional 3200 square feet on lover level presently used by a contractor with access on grade and garage door measuring 9'6" x 9'0" for loading and unloading. Great potential to located your business and have additional income from Tenants. Located close to major routes and commerce. Site offers large paved parking areas on each level and lovely treed lot.
Open House
No scheduled Open Houses




As a homebuyer, it may be beneficial to establish goals. Because once you know what you want to accomplish during the homebuying journey, you can take the necessary steps to achieve your homebuying aspirations.

Now, let's take a look at three factors to consider as you develop homebuying goals.

1. Your Dream Home

Define your dream house – you will be glad you did. If you know what you want to find in your ideal residence, you can map out your homebuying journey accordingly.

Generally, it helps to make a list of house must-haves before you launch a home search. This list should include any features you require from a residence, along with your preferred cities and towns.

If you need a home that provides convenient access to your office in the city, for example, owning a house in or near the city itself is a must. Or, if you require a home that offers ample space for you and your kids, you can search for residences that provide multiple bedrooms and play areas.

2. Your Homebuying Budget

When it comes to buying a house, it is beneficial to get your finances in order. That way, you can hone your home search to residences that fall within your price range.

Meeting with banks and credit unions allows you to learn about a broad assortment of mortgage options. These financial institutions can teach you about different types of home financing. Then, you can select a mortgage and enter the real estate market with a budget in hand.

3. Your Homebuying Timeline

Consider how long it will take you to find and purchase a home that matches your expectations. If you establish a homebuying timeline, you may be better equipped than ever before to optimize your time and resources as you search for your dream residence.

Of course, it helps to maintain a flexible homebuying timeline. And if you encounter challenges during the homebuying journey, you can adjust your timeline as needed.

For those who plan to pursue a home, it may be helpful to hire a real estate agent, too. If you employ a real estate agent, you can get the support you need to navigate the homebuying journey like a pro.

A real estate agent is happy to help you explore a variety of homes in your preferred cities and towns. If you find a house you want to buy, a real estate agent will help you craft a competitive offer to purchase this residence. Plus, if your offer to purchase is accepted, a real estate agent will guide you along the final stages of the homebuying journey.

As you prepare to conduct a home search, you may want to develop goals. If you begin a home search with a plan, you could streamline the process of finding and purchasing your ideal residence. Best of all, you may be able to acquire a first-rate house that will serve you well for an extended period of time.


This Single-Family in Norton, MA recently sold for $425,000. This Colonial,Other style home was sold by Office Plainville - WEICHERT, REALTORS® - Hunter Properties.


81 Mansfield Ave, Norton, MA 02766

Single-Family

$429,900
Price
$425,000
Sale Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Impeccable Colonial with large wrap around porch. Inviting living room that opens to the dining room. Updated kitchen and 1/2 bath on the first level with laundry (brand new washer and dryer). Second floor boasts 3 good size bedrooms and a renovated full bathroom. Watch the beauty of nature from the beautifully maintained yard with endless possibilities. Back yard has a crushed stone patio area and an area with a firepit. Don't miss out on this beautiful home. Home also has a whole house Generac system to ensure you never go without power. Close to Xfinity Center, Gillette Stadium, commuter rail and all major highways.

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