Cathy Lomasney - Specializing in the Real Estate Market in Billerica and Eastern Massachusetts


This Single-Family in Chelmsford, MA recently sold for $660,000. This Colonial style home was sold by Cathy Lomasney - ERA Key Realty Services.


22 7 Th Ave, Chelmsford, MA 01863

Single-Family

$669,000
Price
$660,000
Sale Price

8
Rooms
4
Beds
2/1
Full/Half Baths
MOVE IN READY - BRAND NEW CONSTRUCTION! - Energy Star Home in a Beautiful Neighborhood close to Freeman Lake. This 2244 Sq. Ft. House has Gleaming Hardwood Floors Throughout. The Kitchen has an Open Floor Plan to the Family Room and Sliders to the Patio that leads to a Level Fenced Back Yard for privacy and newly constructed stone Firepit. There is a Formal living Room and Dining Room with chandelier. The Master Bedroom has a Large Walk-in Closet and Private Bath with a Dual Vanity and a Tiled Shower. The Main Bath has a Tiled Tub. Second floor laundry for convenience. There is a Pull Down Staircase for Attic Storage which also houses the Energy Efficient Furnace. The Basement is unfinished but offers Ample Space for Expansion for a Game Room. Add to this a 2 Car Garage and Central A/C. Close to Freeman Lake, Varney Park & Playground, Vinal Square Shopping & Restaraunts and EASY ACCESS to Routes 40, 3, & 495. Minutes from Tax Free NH Shopping.

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Being self-employed comes with a lot of perks. Self-employed workers often have the freedom to set their own schedule, work from home, and take breaks whenever they feel like it. They also have the ability to write things off as business expenses on their taxes. When it comes to buying a home, this last perk can become a huge problem. If you own your own business or work as a freelancer, odds are you'll be deducting things from your taxes that the average employee doesn't: travel expenses, advertising, licensing, equipment, repairs, or even rent for your office. When tax season rolls around, all of these deductions feel like a godsend. But if you plan on buying a home, all of these costs will appear as negative income. For people who spend a lot of money on their business or freelancing, it could do a lot of damage to your apparent income when lenders take a look at your finances. However, you do have options when it comes to getting approved for a mortgage that is to your liking. In this article, we'll cover some tips on how to apply for a mortgage when you're self employed to give yourself the best chance of approval.

Carefully document your income

When you sit down with a lender and hand them your proof if income, you want to make it as obvious as possible that you're earning money in a reliable and predictable way. Lenders will want to see multiple documents that can help paint a better picture of your income and finances, including:
  • Bank statements
  • Schedule C tax forms
  • Profit and loss tax forms
  • Completed tax returns
  • Credit score (they will run a credit check)

Separate your business and personal finances

If you own your own business, you likely have business banking accounts you use for expenses and invoices. But freelancers and contract workers often simplify things by just using their personal checking and savings accounts for income. To make things clear for lenders, you should put your income and business expenses into a separate business account. Not only will this make it easier for lenders to quantify your income, but they can also use this information to see that your expenses are for helping your business rather than personal spending.

Timing is everything

There are a number of factors that go into choosing the right time to apply for a mortgage. Being self-employed only complicates the matter since your income might not be as steady as your average wage worker. You'll want to commit to a mortgage at a time when you've had at least two consecutive years of good, reliable income. You'll need to prove this with the aforementioned documents (bank statements, tax forms, etc.). Part of this planning could be to avoid large business expenses in the two years leading up to your mortgage application. This isn't always possible, of course, but it could be enough to boost your apparent income to get you approved for a better loan.

Seek specialized lenders

Some lenders are aware that there is a large portion of the country made up of self-employed workers and small business owners. They go out of their way to work with people who are self-employed so they can give them fair deals on their mortgages. To find specialized lenders, you'll have to do some research online, but it could make all the difference when it comes to getting approved for the loan you're looking for.


22 Rose Ave, Lowell, MA 01851

Single-Family

$309,900
Price

8
Rooms
4
Beds
1
Baths
Start 2018 with the purchase of your new home! This Highland Neighborhood Colonial has updates such as 1st floor windows (2013), new rubber porch roof (2017), new kitchen floor and stove (2017), new side steps (2017), central a/c and ductless system, freshly painted interior trim and some walls(2017). Relax & Enjoy the warmer weather on the back deck or front porch. Here is your opportunity to live or invest in Historic Lowell, a community of many neighborhoods with restaurants, museums, performance centers, Universities such as UMass Lowell, Middlesex Community College, Red Sox minor league baseball team, the Spinners, historic mills, cultural events, Lowell General hospital with 2 campuses and much more. Public transportation is available via the LRTA bus line & commuter rail line into Boston's North Station, with easy access to TD Garden & all that Boston has to offer. Convenient to Route 3 & 495 and tax free NH Shopping.
Open House
No scheduled Open Houses

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This Single-Family in Billerica, MA recently sold for $450,000. This Cape style home was sold by Cathy Lomasney - ERA Key Realty Services.


14 Fox Hill Rd, Billerica, MA 01821

Single-Family

$429,900
Price
$450,000
Sale Price

8
Rooms
3
Beds
2/1
Full/Half Baths
Celebrate 2018 with a new home! Your Cape style home, remodeled in 2009, is located just outside Historic Billerica center, a town rich in community pride. The open concept living/kitchen area with dining, island, granite counters, & ss appliances is great for all types of gatherings. The first floor is complete with a master bdrm suite w/ full bath & WI closet, ½ bath w/ laundry & cathedral ceiling family rm with gas fired stove. Your tour of the 2nd floor will include two front to back bdrms & bath. Both floors offer HW flrs. Looking for a space for a "man cave", crafting or sewing etc, the finished basement includes a front to back room, an office, and storage room. Visualize yourself relaxing on the composite deck overlooking the fenced yard or relaxing with a good book & a cup of coffee on the partially covered front deck. Convenient to Billerica Center, Rtes 3 & 495, tax free NH shopping, & the Commuter Rail, allowing you direct access to Boston & all that it has to offer

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If you’re in the process of moving, you don’t necessarily need to hire a moving company. Hiring movers is only one option of many when it comes to getting your stuff from place to place. If you want to save some money on your move, you should check out alternatives to hiring movers.  


Containers


If you don’t want to drive your own moving truck, but still could use some assistance on your move, you should take a look at container moving. You fill up the container with all of your stuff, and the company will get the container from place to place for you. This is especially helpful if you are doing a long-distance move.


Self-Service


You can always rent your own truck, pack your own stuff, and head out the door on your own. You’ll pay for gas and mileage, but have control of your own timeframe. Moving companies often have many different resources available to help you in the process including boxes and packing supplies. National companies provide convenient truck returns over most parts of the country where you’ll be, so it’s easy to get the truck back. 


Ship Your Stuff


If you happen to be moving a long distance, sometimes, it’s more cost effective to let the big stuff go. Ship items like clothes, books, DVDs, and other personal belongings that can’t easily be replaced. Sell big items like beds and sofas. 


You can use many different kinds of shipping services, or even use air cargo to get your things from one place to another. While you’ll need to purchase some furniture when you get to your final destination, this could be a good option, especially if you’re looking to start over, or if you don’t own a whole lot of furniture and large items.


Use Your Car


Your car is always an option to help you move no matter where you are moving to. Whether you’re moving across the country or just across town, you’ll probably need to pack your car. It’s also a lot of fun to have your car for a road trip on long distances. This way, you’ll have a lot of stuff with you, but you can still travel and see many things that you wouldn’t have seen otherwise.


Tips For Packing The Car


You want to be able to get the maximum packing space out of your car for the move, no matter how far you’re going. First, you should plan how you’ll pack ahead of time. You don’t want to save the task of packing the car for moving day. Also, you need to make sure that there will be room for every living thing that needs to go into the car like children and pets. Those are important and you definitely don’t want them all squished in between some boxes during a long move!




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