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


For many individuals, the homebuying journey often begins with getting pre-approved for a mortgage. Because if a buyer has a mortgage, he or she can enter the real estate market with a budget in hand.

Ultimately, there are many signs that now may be the perfect time to apply for a mortgage, and these include:

1. You're ready to upgrade from an apartment to a home.

If you're tired of paying monthly rent for an apartment, purchasing a house offers a viable alternative. And if you get pre-approved for a mortgage, you can move one step closer to moving from an apartment to a house.

In most instances, a home offers a significant upgrade over an apartment. Many residences are available in cities and towns nationwide that offer more space than apartments. Plus, as a homeowner, you won't have to worry about dealing with a landlord.

2. You feel good about your credit score.

If you have a strong credit score, you likely are a great candidate for a mortgage. In fact, you may be better equipped than others to get a favorable interest rate on the mortgage of your choice.

Understanding your credit score is a key part of the homebuying journey. You can request a free copy of your credit report annually from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). Then, once you find out your credit score, you can determine whether you are in good shape to pursue a mortgage.

3. A buyer's market is in place.

In a buyer's market, there usually is an abundance of top-notch houses and a shortage of buyers. This means a homebuyer may be able to get a wonderful deal on a house, especially if he or she performs a comprehensive house search.

To find out whether a buyer's market is in place, you should check out the prices of recently sold houses in your area. Also, you may want to find out how long recently sold houses were listed before they sold. By reviewing this housing market data, you can differentiate a buyer's market from a seller's market and decide whether now is the right time to apply for a mortgage.

If you're interested in getting a mortgage and starting a house search, you may want to hire a real estate agent too. Because if you have a real estate agent at your side, you can receive extensive support at each stage of the property buying journey.

A real estate agent will teach you everything you need to know about pursuing a house. He or she will offer insights into the local housing market and ensure that you can conduct a successful house search. And if you ever have concerns or questions along the way, a real estate agent is ready to respond to them.

Want to launch a home search? Get pre-approved for a mortgage, and you can take the first step to acquire your ideal residence.



27 Elane Ave Lot 29B, Methuen, MA 01844

Single-Family

$634,900
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
As you enter your new energy efficient home, you'll notice the hrdwd flrs throughout the 1st flr. Your culinary skills can be perfected in the lg kitchen w/ pantry, ss appliances, island, & granite counters. Enjoy those creations w/ your guests in the dining rm w/ wainscoting. A slider leads to the composite deck w/ vinyl railings. Relax in large family rm in front of the gas fp w/ a good book or morning coffee. The 2nd flr offers 3 bdrms, 2 bths, & laundry. Your master bdrm oasis is complete w/ w-i closet & bath. Ascend to the 3rd flr to find the 4th bdrm & additional space which could be storage, a 5th bdrm, or another bath. Lower Level offers potential for additional living space. Your new home is located approx 2 mi from the Loop (Rte 213) & 1 ½ mi from the Merrimack Valley Gold Course. Allowing the golfer in you to enjoy the course & the adventurer in you to access Routes 93 & 495 which lead you to the mountains or the beach. Sample Photos.
Open House
Saturday
March 14 at 1:30 PM to 3:00 PM
Cannot make the Open Houses?
Location: 27 Elane Ave Lot 29B, Methuen, MA 01844    Get Directions

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32 Ferncroft Court Lot 43, Methuen, MA 01844

Single-Family

$619,900
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
As you enter your new energy efficient home, you'll notice the hrdwd flrs throughout the 1st flr. Your culinary skills can be perfected in the lg kitchen w/ pantry, ss appliances, island, & granite counters. Enjoy those creations w/ your guests in the dining rm w/ wainscoting. A slider leads to the composite deck w/ vinyl railings. Relax in large family rm in front of the gas fp w/ a good book or morning coffee. The 2nd flr offers 3 bdrms, 2 bths, & laundry. Your master bdrm oasis is complete w/ w-i closet & bath. Ascend to the 3rd flr to find the 4th bdrm & additional space which could be storage, a 5th bdrm, or another bath. Walk out LL w/ slider & lrg window offers potential for additional living space. Your new home is located approx 2 mi from the Loop (Rte 213) & 1 ½ mi from the Merrimack Valley Gold Course. Allowing the golfer in you to enjoy the course & the adventurer in you to access Routes 93 & 495 which lead you to the mountains or the beach. Sample Photos.
Open House
Saturday
March 14 at 1:30 PM to 3:00 PM
Cannot make the Open Houses?
Location: 32 Ferncroft Court Lot 43, Methuen, MA 01844    Get Directions

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30 Ferncroft Court, Methuen, MA 01844

Single-Family

$619,900
Price

7
Rooms
4
Beds
2/1
Full/Half Baths
As you enter your new energy efficient home, you'll notice the hardwood flrs throughout the 1st flr. Your culinary skills can be perfected in the large kitchen w/ white cabinetry, pantry, ss appliances, island, & granite counters. Enjoy those creations w/ your guests in the dining room with wainscoting. A slider leads to the composite deck w/ vinyl railings. As you enter the large fam rm you'll visualize yourself relaxing in front of the gas fireplace w/ a good book or morning coffee. The 2nd flr offers 3 bdrms, 2 bths, & laundry. Your master bdrm oasis is complete w/ w-i closet & bath. Ascend to the third floor to find the fourth bedroom and additional space which could be storage a 5th bedroom, or another bath. Your new home is located approx 2 mi from the Loop (Rte 213) & 1 ½ mi from the Merrimack Valley Gold Course. Allowing the golfer in you to enjoy the course & the adventurer in you to access Routes 93 & 495 which lead you to the mountains or the beach.
Open House
Saturday
March 14 at 1:30 PM to 3:00 PM
Cannot make the Open Houses?
Location: 30 Ferncroft Court, Methuen, MA 01844    Get Directions

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15 Balmoral Dr, Billerica, MA 01821

Single-Family

$620,000
Price

10
Rooms
5
Beds
2/1
Full/Half Baths
Lovingly cared for by the current owners, this turn key home is located on a dead-end street. Ascending the granite stairs into the tiled foyer you'll notice that this home is great for entertaining. Perfect your culinary skills in the remodeled e-i kitchen w/ soft close birch cabinets, island, pocket doors, & more. Share w/ your someone special by the light emanating from the wood burning fp in the dining rm. Relax in the lrge living rm w/ an after-dinner drink or in the 3 season rm w/ knotty pined ceiling & skylight which overlooks the fenced 1.14 acres lot. The 2nd flr offers 4 generous sized bdrms, remodeled (2018) bath w/ double vanity, w/d hookup, c/t flr & skylight, a dressing rm which provides you with the perfect place to prepare for all that the day will bring. The LL fam rm w/ gas insert fp ,bdrm, mud rm, ½ bath w/ laundry hookup could be used as an Au-Pair or teen suite. Updates include some windows, heat, & tankless hw. Conveniently located to Commuter Rail, Rtes 3 & 495.
Open House
No scheduled Open Houses

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