Joseph Del Sesto | Cranston Real Estate, East Greenwich Real Estate, North Kingstown Real Estate


This Single-Family in Johnston, RI recently sold for $259,900. This Raised Ranch style home was sold by Joseph Del Sesto - Keller Williams Realty.


17 Colony DR, Johnston RI, 02919

Single-Family

$259,900
Price
$259,900
Sale Price

7
Numberof Rooms
4
Beds Total
2
Baths
* ZERO MONEY DOWN ESTIMATED $1,395 Per Month * Awesome Raised Ranch * Bright & Open Kitchen * Cathedral Ceilings * Attached Garage * Central A/C * 0% Down 30 Years 5.0%APR to qualified buyer ******************************************************************************************************** Awesome Raised Ranch located in a wonderful neighborhood. Featuring a bright and open kitchen and gleaming hardwood floors throughout. Spacious living room with cathedral ceilings. Master open to full bath. Partially finished basement with large family room and additional beds if needed which walks out to your beautiful yard with 2 tier deck great for entertaining. Attached garage, central A/C and with a little TLC this home will have instant equity.

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This Single-Family in West Greenwich, RI recently sold for $392,500. This Raised Ranch style home was sold by Joseph Del Sesto - Keller Williams Realty.


14 Pine Tree LANE, West Greenwich RI, 02817

Single-Family

$392,500
Price
$392,500
Sale Price

10
Numberof Rooms
4
Beds Total
3
Baths
Awesome 3 to 4 bedroom, 3 bath waterfront home on serene Lake Mishnock! You enter this home into a large open floor plan, with several large windows, skylights and french doors that bring in tons of natural light, approximately 3,700 square feet of living area with water views from almost every room! The home has a large master bedroom with master bath;, kitchen with granite counter tops and a counter top seating island; a dining room and living room with a fireplace both with french doors that lead to a back deck overlooking the lake. The hardwood floors have recently been replaced, and the rooms have been freshly painted. The lower level is mostly finished with a bedroom, a full bath, a family room with a fireplace, a walk out to the back yard and the dock. The property itself is one acre (43,460 sf) and is very private with plenty of parking for guests (6), a two car garage and a private dock. If you are looking for a freshwater front property this is it! For information on the lake, please visit Listing Webaddress.

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Paying off a mortgage early is a dream of many homeowners. By making larger payments on your home loan, you can cut years off of your loan term and save thousands of dollars in interest payments that you can use toward savings or investments. But in an economy that has seen decades of wage stagnation and increasing costs of living, it can often seem like an unattainable goal.

With some planning and initiative, however, there are ways to pay off your home loan before your term limit.

In today’s post, we’re going to talk about three of the ways you can start paying off your mortgage early to avoid high interest payments and save yourself money along the way.

1. Refinance your mortgage


If you’re considering making larger payments on your mortgage, it might make sense to look at refinancing options. Most Americans take out 30-year, fixed-rate mortgages.

If you can afford to significantly increase your mortgage payments each month, you could refinance to a 15-year mortgage. This will save you on the number of interest payments you’ll have to make over the years. But, it will also help you secure a lower interest rate since shorter term mortgages typically come with lower interest rates.

This option isn’t for everyone. First, refinancing comes with fees you’ll have to pay for upfront. You’ll have to apply for refinancing, get an appraisal of your home, and wait for the decision to be made.

But, you’ll also have to ensure that you can keep up with your higher monthly payments. If your income is variable or undependable, it might not be the safest option to refinance to a shorter term mortgage.

2. Make extra payments

An option that entails less risk than refinancing is to simply increase your monthly payments. If you recently got a raise or are just reallocating funds to try and tackle your mortgage, this is an excellent option.

Depending on your mortgage lender, you may be able to simple increase your auto-pay amounts each month, streamlining the process. Otherwise, it’s possible to set up bill-pay with most banks to automatically transfer funds to your lender.

3. Bi-weekly payments or one extra payment per year

Making bi-weekly instead of monthly payments is an option that many homeowners use to pay off their mortgages early. Bi-weekly payments work by paying half of your monthly payment once every two weeks.

The vast majority of homeowners make 12 monthly payments per year. But by switching to 26 bi-weekly payments, you can effectively make 13 full monthly payments in a year without seeing too much of a difference in your daily budget.

This doesn’t seem like much savings in the short term, but let’s take a look at how much you could save over the term of a 30-year mortgage.

On a 30-year fixed mortgage of $200,000 with a 4.03 annual interest rate, you would make a monthly payment of $958.00 and a bi-weekly payment of $479.

Over 30 years of an extra monthly payment, you could save nearly $20,000 on the total interest amount and pay off your mortgage almost 5 years early.



8 CANARY CT, Unit#51, West Warwick RI, 02893

Condo

$329,900
Price

7
Numberof Rooms
2
Beds Total
2/1
Full/Half Baths
Impressive townhouse in the River Farms community. This home has 1940 square feet of living space, 2 bedrooms, and 2 1/2 baths. The first floor features hardwood flooring, Master bedroom with vaulted ceilings, walk-in closet and master bath, large living room with vaulted ceilings, fireplace and a slider out to the deck, half bath and laundry room. The second floor has a large bedroom with a walk-in closet and a full bath with tub & shower. There is also a loft area that could serve as a den or office area. The basement has a finished room with a walk out slider and could serve as a third bedroom, the remainder of the basement has high ceilings, utility room, storage area, and could also be finished for even more living area and possibly a family room. This condo is very unique as it has a very private entry, large porch/deck area with a gazebo, great for outdoor dining and grilling, and very private wooded undeveloped back yard. The heating system and AC has been upgraded within the past 18 months or so. The owner amenities include: community clubhouse, library, in ground pool, sauna, workout facility, bocce, tennis, and a nearby golf course. Close to the Warwick malls and all highway access points north and south.
Open House
Sunday
June 16 at 11:00 AM to 1:00 PM
Cannot make the Open Houses?
Location: 8 CANARY CT, Unit#51, West Warwick RI, 02893    Get Directions

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93 E George ST, Providence RI, 02906

Multi-Family

$359,000
Price

2
Number Of Units
1,685.00
Approx Lot Square Foot
Nice two family in Wayland Square. Great income producing property! Live on one of the floors while the other income helps to pay your mortgage. First floor has two bedrooms and the second floor has 3 bedrooms. Gas heat and hot water, separate utilities, 2 gas meters and 2 electric meters. Walk to Wayland Square, shopping, stores and wonderful restaurants. Highway access just down the street to all major highways in all directions.
Open House
No scheduled Open Houses

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