Sonia Rollins
EXIT Premier Real Estate | 781-454-6043 |

Posted by Sonia Rollins on 3/18/2018

If you’re buying a home for the first time, you have a lot to learn. There are so many decisions that need to be made and new terms to be understood. While you may have been saving up for a downpayment, you’re most likely going to need t finance the majority of the cost of your home. Knowing how to deal with lenders, real estate agents, and other professionals involved in the process of purchasing a home will make your life that much more straightforward. Read on for some mortgage tips that every first-time home buyer should understand.

Know Your Budget

You may find when you apply for a mortgage that you’re able to finance more than you thought you could. Being able to borrow such a significant amount is where many home buyers get caught in a numbers trap. Although the bank may be willing to loan you a certain amount, you might not actually be able to afford it. While the bank looks at many of your financial numbers, the bank doesn’t know your entire budget. How much you spend on groceries each month or the cost of your monthly phone bill are out of the picture when the mortgage company approves you for a loan. Whatever amount of money you borrow to buy your house will result in a monthly payment amount. If you’re only paying $800 per month in rent but your mortgage payment will be $1400, that will result in a significant budget adjustment. Will you be able to come up with the additional $600 each month to pay the mortgage? You need to look at your entire budget seriously to be safe in your mortgage transaction. 

Plan For Out Of Pocket Expenses

You know that you need to save for a downpayment on the home of your dreams. What you may not know is that there are many other out of pocket expenses that you need to foot the bill for when you buy a home. These costs include:


Legal fees


Pizza for the people who help you move

Repairs to the home

Utility costs

There are so many expenses that you need to come up with when you buy a home. Don’t merely save enough for your down payment and stop. Make sure you have a financial cushion for emergencies, money to help furnish the house, and more. 

Mind Your Credit

When you buy a new home, it may be tempting to buy new furniture, decor, or other items for your property. Hold off on opening any new credit or making large purchases. While a new car will look great in your new driveway, it won’t look so good on your credit score. Be very mindful of your credit score when you are getting ready to buy a home.  

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Posted by Sonia Rollins on 3/16/2018

This Single-Family in Woburn, MA recently sold for $435,000. This Colonial style home was sold by Sonia Rollins - EXIT Premier Real Estate.

65 Prospect St, Woburn, MA 01801


Sale Price

Charming, Spacious 3-4 bedroom center entrance Colonial with farmer's porch! Updated kitchen and bathroom. First floor master bedroom and 3 large bedrooms on the 2nd floor. 3 zone gas heating and replacement windows. New hot water heater. Large wood deck off the kitchen over looking the fenced-in back yard. Walk-up attic for extra storage. The garden area with raised vegetables beds is a perfect oasis for gardeners. Easy access to major highways. .3 miles to elementary school & local swimming pool, .6 miles to Horn Pond. Close to multiple grocery stores, including Whole Foods, Market Basket, Stop and Shop. Close proximity to commuter rails & 2 blocks from commuter bus to State St. Boston. Open House Saturday 1/20 10am-12pm, Sunday 1/21 11am-1pm.

Similar Properties

Categories: Sold Homes  

Posted by Sonia Rollins on 3/11/2018

Believe it or not, getting pre-approved for a mortgage can be quick and simple, even for a first-time homebuyer. In fact, here are three tips to help a first-time homebuyer streamline the process of receiving pre-approval for a mortgage:

1. Meet with Several Lenders

Many mortgage lenders are available in cities and towns nationwide. Meanwhile, these mortgage experts are happy to teach first-time homebuyers about assorted mortgage options and help them get pre-approved for a mortgage.

Set up face-to-face meetings with various lenders in your area. That way, a first-time homebuyer can gain unparalleled insights into a wide range of mortgage options.

In addition, don't hesitate to ask questions during meetings with banks and credit unions. Mortgage lenders possess comprehensive mortgage expertise, and as such, a first-time homebuyer can rely on these mortgage professionals to receive the support that he or she needs to make an informed decision.

2. Understand Your Credit Score

Do you know your credit score? Ultimately, a first-time homebuyer's credit score may dictate his or her ability to obtain the ideal mortgage.

An individual can request a free copy of his or her credit report from each of the three major credit reporting agencies (Equifax, Experian and TransUnion) once a year. This report may prove to be exceedingly valuable, as it can help a homebuyer identify opportunities to improve his or her credit score before a mortgage application is submitted.

Also, if you identify errors in your credit report, it is paramount to contact the agency that provided the report immediately. This will allow you to correct any potential errors quickly and ensure that they won't affect your ability to get the best possible mortgage.

3. Consider Your Homebuying Budget

A first-time homebuyer may have lofty expectations prior to entering the real estate market. However, this individual should consider his or her finances before submitting a mortgage application.

With a budget in hand, a homebuyer can establish realistic expectations as he or she tries to get pre-approved for a mortgage. Plus, this homebuyer may be better equipped than others to obtain pre-approval for a mortgage and accelerate his or her search for the perfect residence.

Lastly, it may be worthwhile for a first-time homebuyer to meet with a real estate agent to learn more about assorted mortgage options.

A real estate agent understands the challenges associated with purchasing a house for the first time. As a result, this housing market professional can teach a homebuyer about all aspects of the property buying journey and help this buyer plan accordingly.

Perhaps best of all, a real estate agent can set up home showings, keep a homebuyer up to date about new residences as they become available and negotiate with a home seller on a buyer's behalf. This housing market professional will even provide honest, unbiased homebuying recommendations to make it easy for a property buyer to acquire a top-notch residence at a budget-friendly price.

Move one step closer to purchasing your dream house – use the aforementioned tips, and a first-time homebuyer can speed up the process of getting pre-approved for a mortgage.

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Posted by Sonia Rollins on 3/4/2018

Attending a home showing often represents a major milestone in the homebuying journey. But after you take an up-close look at a house, how should you proceed?

There are many questions to consider after you attend a home showing, including:

1. What Did You Think of the Home?

Although it may appear to be love at first sight after you view a property for the first time, it usually is better to err on the side of caution. Thus, after you check out a home, you may want to take at least a few hours to assess the property.

Does the residence fit your budget? Is the property big enough to accommodate your family? And is the residence close to your office? These are just some of the questions that you'll want to consider as you evaluate the pros and cons of a house.

Also, don't forget to consult with your real estate agent. This professional may be able to offer additional insights into a house that you might struggle to obtain elsewhere. By doing so, your real estate agent can help you determine how to proceed with a residence.

2. Should I Submit an Offer?

The decision to submit an offer on a house is a big one, particularly for those who want to purchase a high-quality property at a budget-friendly price.

Ultimately, you'll want to look at various housing market factors before you submit an offer on a residence. Consider how long a residence has been listed as well as the prices of comparable houses in the same city or town. Furthermore, you'll want to consider the property's condition and whether major repairs will be needed in the near future.

Your real estate agent can help you put together a competitive offer on a house that won't exceed your budget. This housing market professional will enable you to examine the pros and cons of a residence and make it easy for you to decide how to move forward after a home showing.

3. What Are My Options?

Homebuyers have many options after they view a house. They may choose to submit an offer on the residence. Or, if a house fails to meet their expectations, homebuyers can continue to explore the real estate market.

No homebuyer should feel backed into a corner after a home showing. Fortunately, your real estate agent will be able to outline all of your options. This real estate professional will simplify the process of finding your dream house and allocate the necessary time and resources to explain all of the options at your disposal.

Perhaps best of all, your real estate agent can answer any concerns or questions at each stage of the homebuying journey. That way, if you're uncertain about a residence that you recently viewed, your real estate agent will be able to respond to your queries without delay.

Take advantage of home showings, and you should have no trouble discovering your ideal residence.

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Posted by Sonia Rollins on 2/26/2018

This Single-Family in Burlington, MA recently sold for $436,500. This Ranch style home was sold by Sonia Rollins - EXIT Premier Real Estate.

32 Prouty Rd, Burlington, MA 01803


Sale Price

So much potential exists for this well cared for 3 bedroom, 2 full bath home that sits on an expansive lot. Home boasts gleaming hardwood floors throughout the first floor, freshly painted walls, generous sized living room with fireplace, and so much more. Lower level has ample space for more living area with heat already running through half the downstairs square footage and was previously used as a large family room. Plenty of storage in the unfinished side of the basement as well as pull down attic space with flooring throughout. Outside- a partially fenced in yard has ample opportunity for entertaining and relaxing. One year young roof, oversized driveway and carport are additional added exterior features. Conveniently located to all major amenities, this home is ready for your finishing touches

Categories: Sold Homes