Kurt Franklin - RE/MAX Real Estate Center



Posted by Kurt Franklin on 8/10/2017

Most homeowners would love to be able to pay off their mortgage early. However, few see it as a possibility when they take into account their earnings and other bills.

 There are, however, a few ways to pay down your mortgage earlier than planned. But first, letís talk about when it makes sense to try and pay off your mortgage.

 When to consider paying off your mortgage early

If you recently got a promotion, have someone move in with you who contributes to paying the bills, or recently got a secondary form of income, you might want to consider making extra payments on your mortgage.

However, having extra money doesnít always mean you should spend it immediately on your home loan.

First, consider if you have a large enough emergency savings fund. It might be tempting to try and throw any extra money at your mortgage as soon as possible, but there are other financial commitments you should plan for as well.

If you have kids who will be applying to college soon, remember that student aid takes into account their parentsí finances. If your children plan on applying to institutions with high tuition, then your equity will be counted against you.

Refinancing to pay your mortgage early

Refinancing your home loan is one option if youíre considering increasing the payments on your mortgage. If you can refinance a 30-year loan to a 15-year loan with a lower interest rate, youíll save money in two ways--your lower interest rate and the fact that youíll be accruing interest for less time.

There is a downside to refinancing. Once you refinance, youíre locked into your new payment amount. So, if your higher income isnít dependable, it might not make sense to commit to a higher monthly payment that you arenít sure youíre going to be able to keep paying.

Thereís also the matter of refinancing costs. Just like the costs associated with signing on your mortgage, youíll have to pay closing costs on refinancing. Youíll need to weigh the cost of refinancing against the amount youíll save on interest over the term of your mortgage to see if it truly makes sense to go through the refinancing process.

Paying more on your current loan

Even if you arenít sure that refinancing is the best option, there are other ways you can make payments on your mortgage to pay it off years sooner than your term length.

One of the common methods is to simply make thirteen payments each year instead of twelve. To do this, homeowners often use their tax returns or savings to make the thirteenth payment. Over a thirty year mortgage, this could save you over full two years of added interest.

A second option is to make two bi-weekly payments rather than one monthly payment. By making biweekly payments you have the ability to make 26 payments in a year. If you were to just make two payments per month then you would make 24 total payments. Over time, those two extra payments per year add up.




Categories: Uncategorized  


Posted by Kurt Franklin on 8/3/2017

When you have a small bedroom, itís hard to envision bringing many styles to the space. You have whatís necessary for your room, trying to cram everything in one tiny space. Just remember one key point: Every room needs a focal point. This means that your bed will most likely be that eye-catching spot in the room. Namely, the head of the bed will be what catches your eye. Below, youíll find some more tips to make the most use of your small bedroom. 


Think Open


While it can be tempting to try and cram things into a small room, making the most use of every inch of space possible, you want to actually do the opposite. This means placing beds against the walls or near a window, buying a smaller sized bed, and finding furniture thatís not overwhelming. Other tricks are to eliminate the headboard and footboard or use more see-through options for the furnishings. 


Keep It Bold And Unique


Just because you have a small bedroom doesnít mean that the space needs to be bland. Donít be afraid to either make the room bold with color or rich with texture. Choose your color palette wisely. Donít be afraid to express yourself or whoever the resident of the room is. Is the small bedroom a nursery? Keep it light and fun. Donít make the room too stuffy. If the bedroom belongs to a sports fan, hang lots of favorite sports memorabilia photos. Often, if a room has a lot of expression, it distracts from the small size of the space. The idea is to make your bedroom special, no matter what size it is.   


Everything Is Potential Storage 


In a small bedroom, storage can be a problem. Thereís many creative solutions to solve this space dilemma. You can put the bed up on blocks for more under bed storage. Use a storage chest as a bedside table. This will help you to have the furnishings you need, yet they will double as storage units.


Combat A Low Ceiling


The brighter a room, the less attraction will be drawn to a low ceiling. Slanted ceilings are often a problem in smaller bedrooms, but bright colors can combat the closed in feeling and leave the bedroom feeling more open.             


Furniture Tips


When shopping for furniture for your small bedroom, try to find pieces with rounded corners. This will help keep your limited walkway space in the room clear, as it takes up less space than traditional angled corners. You can really add character to a room using rounded nightstands, ottomans, and more accents.




Tags: bedroom   small space  
Categories: Uncategorized  


Posted by Kurt Franklin on 8/2/2017

Back on Market!!! This Proud 4 Bed Colonial Nestled in One of Plainville's finest cul de sac Locations offers it all! With over 3,000 sq ft, This sun drenched home checks off all the boxes for everyone in the family to have space! Over sized kitchen with Beautifully refinished floors throughout, freshly painted inside and out, enjoy your Cathedral Beamed Living room with fireplace overlooking one of the biggest 2 tier back yards in the neighborhood! Walk downstairs to the basement saloon for all ages! If you need a brake from the family and games, enjoy a workout room ready to go! As you walk up the new driveway, take note of toy parking with access to your 2 Car garage with work area! Call Today to start your next chapter of memories !!

More Info on this Property | New Listing Alerts





Posted by Kurt Franklin on 7/30/2017

Wow! Welcome Home to this Oversized Colonial nestled in a wonderful neighborhood setting! Walk in to just about 4,000 sq ft with recently remodeled kitchen overlooking huge living room with back yard access, pool views, 2 fireplaces, hardwood flooring downstairs in family room and living room, first floor bedroom suite with full bath, all freshly painted inside and out. Upstairs offers 4 great sized bedrooms with double closets, a front to back master with updated master bath. Let the games begin poolside with your fenced in in-ground pool. If you're not ready to go to bed, let the fun continue up to your enormous great room with lighting and surround sound that can host parties, movies and all family events! This great room is separated from main living space providing you with the ultimate entertainment setting! This home is looking for new owners! Call today to start your memories!

More Info on this Property | New Listing Alerts





Posted by Kurt Franklin on 7/30/2017

Great 2 Bed Bungalow nestled in quiet North Attleboro Location! This home offers updated roof, siding, electric and hardwood flooring. After a long day of work, kick the work shoes off in your mudroom/laundry room and walk into your open concept newer kitchen with tile floor. This cozy home will allow you to take a deep breathe and just relax! Outside offers wooded lot with oversized 1 car garage with plenty of storage for inside and outside toys. Call Today for your private showing.

More Info on this Property | New Listing Alerts