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Applying for a Mortgage

A 30 Year fixed mortgage is what you want to get for piece of mind. Mortage rates are near historic lows. First time buyer programs still exist. Learn more about mortgage rates and see if you qualify for the best loans. There are new FHA Mortgage Programs to help people like first time buyers. The FHA is an agency of the Federal government that insures private loans that are issued for new and existing housing as well as loans approved for home repairs. Formed in 1934 by Congress, the FHA became part of the Department of Housing and Urban Development's Office of Housing (HUD) in 1965. Today acts as a buffer to lenders by reducing their risk in issuing loans as well as helping borrowers get amounts they qualify for. FHA loans are not just for first time buyers and are available to everyone looking to purchase a home. Check Mortgage Rates now.

MLS# 70998371 Single Family Home $999,900 Ipswich, Massachusetts  

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Foreclosures

The problems in the sub prime lending area have led to a high amount of foreclosures. If a house has been through the foreclosure process then the lending bank takes ownership of the property. When looking to buy a foreclosure the process can take a little longer than purchasing a typical property. This is because banks are not set up to sell properties and they can be slow. In addition when purchasing a foreclosure the banks typically want you to sign various legal documents to protect them from liablity if there is something wrong with the house. Like buying any property you should have a home inspection and be wary of any problems. If you do your homework buying a foreclosure can be a great investment.

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Town Summary
Ipswich, Massachusetts - 01938
County:Essex County
Population: 11,873
Tax Rate: 9.35 (Tax Year 2005)
Town Profile:Town Profile for Ipswich, MA
Web Site:Town Website
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Listing Remarks
Unobstructed golf course views of the beautiful 15th at Turner Hill. Chef's kitchen with stainless and granite complete with butlery, opens to fireplaced family room. First floor master suite with his/her walk-in closets and well appointed master bath. Two additional ensuite bedrooms on second plus loft area. Fireplace lower level media room with custom wet bar, granite, refrigerator, ice maker, dishwasher. Guest bedroom is also on this level. Walk out to the patio and fenced yard.

Listing Information
MLS #: 70998371   Status: Active
List Price: $999,900
Style: Contemporary   Acres: .17
Lot Size: 7721 sqft.   Liv. Area: 4400 sqft.
 
Basement: Y   Garage: 2
Rooms: 12 Bedrooms: 4
Full Baths: 3
Half Baths: 2
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   15X15 Fireplace Cathedral Ceilings Ceiling Fan(s) Hard Wood Floor
  Family Room 1   19X15 Hard Wood Floor
  Dining Room 1   15X14 Hard Wood Floor
  Kitchen 1   31X15 Fireplace Hard Wood Floor Pantry Stone / Granite / Solid Countertops
  Master Bedroom 1   18X17 Full Bath Cathedral Ceilings Walk-in Closet Wall to Wall Carpet
  Bedroom 2 2   15X14 Full Bath Wall to Wall Carpet
  Bedroom 3 2   14X12 Full Bath Wall to Wall Carpet
  LOF 1   18X9
  STU 1   14X10
  GRT B   18X15
  MED B   32X34 Wall to Wall Carpet




The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content © 2005 MLS Property Information Network, Inc.
This listing is courtesy of Gwen Washburn from Coldwell Banker Residential Brokerage - Topsfield.
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Mortgage Pre Approval and Your Credit

The first step when looking for a home is to get pre-approved for a mortgage. The seller of a property wants to know that you are approved for a mortgage and that you can indeed afford the property. There are various mortgage programs available to you. Your credit score or FICO score will greatly affect the type of home loan you are able to receive. If you have bad credit you will pay a higher rate. There are ways to improve your credit score that you should consider as this can save you thousands of dollars in interest over the course of a loan. There are also ways to repair bad credit and small things you can do to improve your credit score in a short time. As many Americans have discovered a Fixed rate mortgage is much easier to manage than an Ajustable Rate Mortgage.

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