The Tomaiolo Realty Group | Shrewsbury Real Estate, Northborough Real Estate, Holden Real Estate


There are different kinds of mortgages available to prospective homeowners today. The right mortgage for you will depend on a number of factors, including your level of income and credit rating. While there are numerous mortgage products available to buyers today, they will mostly fall under the categories below:

FHA-Backed loans

Most folks getting a home for the first time will purchase it with the help of a Federal Housing Administration loan. Introduced back in the 1930s after the Great Depression, these loans are insured by the government and hence come with attractively low-interest rates. Since the government backs them, even folks with a bad credit score can confidently apply for FHA loans. If you can't raise all of the down payment the seller is asking for, an FHA loan is ideal. 

VA loans

This kind of loan was established by the US Department of Veteran Affairs to enable former members of the nation’s armed forces to buy homes. You can also access this type of mortgage if you’re the spouse of a deceased veteran. Those who fit under this category can get a mortgage even without a down payment. 

Fixed-rate mortgage

If you want to buy a house to stay in for the long haul, a fixed-rate mortgage is a good idea. With this type of loan, the interest rate will remain fixed for the duration of the mortgage. If economists are projecting a rise in interest rates, you can cushion yourself from higher repayments with a fixed-rate mortgage. The predictability of this type of mortgage is ideal for planning since the payment consistency makes it easy to budget your paycheck. While this protects you if the interest index rises, you won’t benefit if there is a fall in the interest index. 

Adjustable rate mortgage

If you’re confident that interest rates will decline soon, this kind of mortgage will help you take advantage of that trend. Should the interest rate dip, you can expect your monthly repayments to reduce accordingly. 

Despite the name, the interest on the mortgage is usually not flexible for the duration of the loan. The loan starts with a period of fixed interest followed by a period where it becomes adjustable. Such an arrangement will work well for you if you intend to sell the house before the end of that initial period.

Find out the kind of loan you qualify for and see if you can push for better terms. Not sure where to apply? Ask your real estate agent about their recommended lenders.


This Land in Shrewsbury, MA recently sold for $500,000. This style home was sold by The Tomaiolo Realty Group - Tomaiolo Realty Group Inc.


451 Main Street, Shrewsbury, MA 01545

Land

$600,000
Price
$500,000
Sale Price

4.52
Acres
Residential
Land Type
Flint Farm Estates. Beautiful rural property that backs up to town owned land. Town water, sewer and gas all on site! Build your dream home




This Single-Family in Shrewsbury, MA recently sold for $1,777,080. This Colonial style home was sold by The Tomaiolo Realty Group - Tomaiolo Realty Group Inc.


443 Main Street, Shrewsbury, MA 01545

Single-Family

$1,599,000
Price
$1,777,080
Sale Price

10
Rooms
4
Beds
4/1
Full/Half Baths
Beautiful FLINT FARM! Gorgeous walls, gardens and acreage second to none! Your plans or ours on this spacious 4 acre+ lot backing up to Conservation land. Interior finishes with exquisite detail, coffered ceilings, 10' high ceilings on the first floor and 9' on the second, hardwood floors throughout except in the baths and mud room. Elegant features too numerous to mention both inside and out. A dream property!




This Land in Shrewsbury, MA recently sold for $500,000. This style home was sold by The Tomaiolo Realty Group - Tomaiolo Realty Group Inc.


437 Main Street, Shrewsbury, MA 01545

Land

$500,000
Price
$500,000
Sale Price

6.26
Acres
Residential
Land Type
Beautiful wooded executive lot close to town center in Flint Farm Estates.




This Single-Family in Shrewsbury, MA recently sold for $1,100,000. This Colonial,Contemporary style home was sold by The Tomaiolo Realty Group - Tomaiolo Realty Group Inc.


7 Tip Pond Road, Shrewsbury, MA 01545

Single-Family

$1,150,000
Price
$1,100,000
Sale Price

11
Rooms
4
Beds
3/2
Full/Half Baths
Where can you find a beautiful home on 3/4 of an acre on a cul de sac in the center of Shrewsbury. Right here! A Gorgeous custom resale on Tip Pond Road! Chefs kitchen w custom cabinets, top of the line appliances, Butlers pantry & wet bar, full laundry/craft and mud room, music/office with French doors & fireplace, Sun room with fireplace that makes it cozy on a snowy day or bright & cheerful all year round, gracious two story living room with custom cherry built in, Master bath with two sided fireplace. The pictures say more than words but still there are so many amenities it must be seen to be appreciated.