Pros and Cons of Prepaying Your Mortgage: Cut Down on Interest or Keep Your Money?
Thinking about prepaying your mortgage? Here are the pros and cons to consider before making a decision.
Prepaying Mortgage Pros 🏡💰:
- Cuts down total interest, saving money.
- Pays off mortgage sooner, easing future finances.
- Builds equity faster for potential home fund access.
- Cons ⚖️💸:
- Reduces tax-deductible mortgage interest.
- May miss higher-return investment opportunities.
- Risk neglecting high-interest debt repayment.
- Insights 🤔
- Consult a tax accountant for personalized advice.
- Balance prepayment with other investment priorities.
- Evaluate impact on high-interest debt repayment.
Reach out with any questions you have! 😊
Experience the Coastal Charm and The American Dream in our latest episode! ✨🌊
Join us as we explore a stunning custom home by Jackson Built Homes, guided by Amy Cartmell of Keller Williams Realty in the enchanting town of Freeport, Maine.
Immerse yourself in Freeport’s rich history and indulge in an unparalleled outdoor shopping experience.
The #AmericanDream episode is now available for streaming on #AppleTV – don’t miss out on the coastal vibes and extraordinary living
Lights! Camera! Behind The Scenes! 🎞️
A little #BTS action from shooting the @theamericandreamtv!
These shots come from filming at Sunday River with @dave_menapace and @wvanwickler, at one of Dave’s immaculate vacation spots he hosts with his company @5starcohostz
The hardest part was choosing where we wanted to film due to the array of attractions and locations Maine has to offer, particularly in the vacation regions.
Tune in to @theamericandreamtv as we check out the lakes region, ski country, and the forever charming, Freeport!!
#NowStreaming Week Nights, on #AppleTV
Financing the American Dream is live and #streaming on ALL platforms!! 🥳😍
It was so amazing to walk Freeport and share the magical feeling of one of Maine’s most coveted experiences.
Tune in and be sure to check out my co-hosts, and community partners episodes @soldwithstacy @chrissellsmaine @realpropertymaine !!! ✅🔥
🔥 SUGARLOAF REGION HEATER 🔥
It doesn’t get better, this new mountain home in Spruce Knoll, is designed for ski resort living.
An open-concept dream home, with metal roofing, cedar siding, and Marvin Windows.
A two-story beauty with stone fireplace, perfect for après-ski relaxation ⛷️🥂
Excited to run point with @sugarloaf.region.real.estate, reach out for more details!
🎥: @mainepointelending obvi😉
This STUNNING home is the last home available in Scarborough’s desirable Holbrook Farms neighborhood! 🏘️
Convenient location near amenities, Eastern Trail, beaches. Only 15 minutes to downtown Portland! Now complete and ready to move in!
Open floor plan, 9’ ceilings, red oak hardwood, custom shiplap accent wall, gas fireplace.
Chef’s kitchen with quartz counters, subway tile backsplash, stainless steel appliances.
Reach out to @trubritrealty for more information!
Presenting the FULL American Dream Promotional 📺🎥📸
Showcasing Maine’s top professionals in diverse fields!
As a leading loan officer, I’ve dedicated my career to connecting people and delivering exceptional value. I can’t wait to share my expertise and knowledge that I’ve gained but also, by being a Mainer! 🌲⛷️
Join us this season for the American Dream, now streaming!”
A little sneak peek, as a step into my debut season filming the American Dream!
Super excited to share my experience and professionalism while showing off this amazing state we live in! #staytuned ❤️🌲⛷️💋
Start Fresh This Year!🗓️
Learn how to leverage HELOCs and refinancing to slash your debt and take control of your financial future! 💡🏠 #SmartFinances #DebtFreeLiving”
Closes eyelids slowly*
Join us at Maine Pointe Lending on January 9th for an exciting First-Time Homebuyer Seminar hosted by Scott & Denise Reiff from the Reiff Team and myself!
Get ready to dive into the world of home buying with expert insights, tips, and a splash of fun! 🏡✨ #HomeSweetHome #FirstTimeBuyers”
🔹Tuesday 1/9
🔹5:30
🔹Maine Pointe Lending
This charming Cape Elizabeth home comes with 3 beds, 3 baths, and is nestled on .83 acres bordering 76 acres of conserved land.
Reach out to Dan at @scottandsunnytownsend team!
2024… Let’s do this ✨ 📸 @leahs_lens_
Wishing the happppiest of holidays this season from all of us at MPL and from my little family 🙂 We are blessed with the very best people in our lives and excited for what 2024 has in store for us!! 📸 @leahs_lens_
Save Money with a 1-0 Buy Down - Lower Your Interest Rates Now!
Having a tough time with current interest rates? We offer a 1-0 buy down that can help you save! For a small fee plus some closing costs, you can get a full percentage point off the rate. Ask us how!
What Happens When You Wait?
While it’s true that you can negotiate and potentially lower your interest rate, the decision to buy a property at the right time is crucial.
Some might question if it’s a good time to buy, especially given the current higher interest rates compared to the past decade. However, what I’m observing is that first-time homebuyers are taking advantage of the current market conditions and securing contracts.
The reduced competition allows serious buyers to acquire properties without overpaying…
Looking ahead, when interest rates drop in the coming year, the landscape may change. Lower rates often lead to increased competition, potentially resulting in bidding wars and a surge in property prices.
Therefore, in my opinion, the current period presents a favorable opportunity to buy a home. By doing so now, you not only avoid potential bidding wars but also position yourself advantageously in a market that may become more competitive in the near future.
Here it is!!
I’m so excited to announce that I’ve been selected as the new host and production manager of the EMMY nominated TV show, The American Dream: Selling Maine! I will be featured on the special series “Financing the American Dream”
In additional to being all in at Maine Pointe Lending as a full time mortgage broker, and mom of 3, I will now also be hosting this show, highlighting lifestyle, culture and real estate in Maine. It is all about positive stories of the people and places that make our state such an amazing place to live! Selling Maine will be aired locally as well as streamed on Apple TV, Amazon Fire and Roku and “Financing the American Dream” will air on CNBC, Fox, Bloomberg tv, Travel Chanel, Apple TV and Roku
Also next season, We are looking for homes that are for sale to be featured on the show! Therefore, are you or anyone you know looking to sell their home and/or a builder interested in showcasing their beautiful work? I’d love the opportunity to pitch your home to the producers for the show which would be viewed by MILLIONS!!
So proud to be apart of this amazing show with some absolutely amazing superstars!! ⭐️
@soldwithstacy @chrissellsmaine @realpropertymaine
#SellingMaine #financingMaine @theamericandreamtv @financingtheamericandream @craigsewingmedia
#ADTV
🚨BREAKING: NEW LOAN PRODUCT🚨
We are now able to close investment properties, in an LLC!
Send this to someone you know who owns a business!!
A new era in property financing has arrived 👌💸✨
The epitome of spacious living in Gorham!
Reach out to @happyhomesmaine for more information.
Family Adventures are the best adventures! @bryguy82 @summitov
Your Second Home Sanctuary 🌲🏡
This state has always been a haven for those seeking the quintessential second home experience. However, a couple of years back, Fannie Mae and Freddie Mac decided to throw a curveball by hiking up rates on second homes, making these dreams feel just out of reach.
We’re thrilled to announce that we can now provide you with mortgage rates for second homes without any of those pesky pricing adjustments!
Don’t let those rate hikes dampen your dream of having a peaceful lakeside retreat, a cozy ski chalet, or an oceanfront oasis in the heart of vacationland. 🌊🌲🏠❄️
A Day of Creativity and Collaboration with the Scott and Sunny Townsend Team!! 🏠✨
From brainstorming to branding- we joined forces to revolutionize content!! 😎
Sending our deepest love and unwavering support to the resilient community of Lewiston. Our hearts ache with yours.
Master the Art of Guiding Homebuyers Through New Construction!
Real Estate Agents, Don’t Miss Our Exclusive Event on November 1, 2023, at 1:00 PM.
Join Darryl Chandler for a Deep Dive into New Home Construction Strategies and Techniques.
🔗REGISTER LINK IN BIO🔗
📍 Course Location:
Maine Pointe Lending
202 US Route 1, Unit 102
Falmouth, ME 04105
📚 Course Summary:
Assisting a buyer with a new home purchase can be a formidable task for real estate agents, as it differs significantly from a typical resale inspection. New home buyers often have high expectations for their dream home, and managing those expectations is crucial. This course offers insights into navigating relationships with home builders, understanding unique purchase agreements, timing milestones, and essential considerations. A knowledgeable real estate agent can facilitate a smoother transaction by guiding buyers through the complexities of new home construction, helping set reasonable expectations to reduce anxiety, and ensuring a positive home buying experience.
🎯 Learning Objectives:
By the end of this course, participants will gain expertise in:
1️⃣ Helping buyers understand what to expect from a new home.
2️⃣ Exploring key considerations in new home construction.
3️⃣ Grasping the various stages of construction.
4️⃣ Identifying and addressing common construction issues.
5️⃣ Evaluating quality control and workmanship standards.
6️⃣ Gaining insights into the life cycles of common
components and appliances.
🏅 Continuing Education Credits:
Earn 3.00 Credit Hours in Real Estate Continuing Education (Maine) for FREE (No Fee).
Don’t miss this exceptional opportunity to enhance your real estate career and provide top-notch service to your clients. REGISTER NOW and unlock the secrets to success in new home construction!”
We are filled with gratitude for everyone who joined us and made our recent Broker Open an unforgettable day!
Check out this stunning home in Brunswick!
Checkout this dream condo in Old Orchard Beach,
recently renovated and close to the water!
Reach out to @scottreiff_realtor @denise.reiff for more information.
It can be so disheartening when your offers are consistently rejected!
Tips to Get Your FHA Loan Offer Accepted
Our client had been making offers for over a year and coming up empty-handed.
We took a look at the situation and discovered their borrowers were shopping with an FHA loan— could this be the reason they weren’t getting their offers accepted?
#realestate #offer #fha #frustrated #borrowers #shopping
This charming ranch-styled home is now live, featuring an open concept layout.
Reach out to Josh LaVerdiere at @spragueandcurtis for more information.
Don’t Waste Your Realtors Time, Talk To Me First.
Why? 👇
Gain access to home viewings with Real Estate Agents by obtaining pre-approval.
Establish realistic home-buying expectations.
Present a stronger profile to sellers.
Enhance your position in the homebuying process.
Develop a clearer understanding of the cost structure.