Dorrinda O’Keefe-Shea - CENTURY 21 Toomey-Lovett, Inc Centurian 2012 Top Producer Diamond Award



34 Lyman Barnes Rd, Brimfield, MA 01010

Single-Family

$315,000
Price

5
Rooms
3
Beds
1/1
Full/Half Baths
Located in Tantasqua School District this lovely 3 bedroom slit entry Ranch with finished basement is just waiting for a new family. Beautiful cobblestone walkway leads you to the entrance of this spacious home. New hickory floors on the main level. Finished basement features family room with pellet stove for those frosty fall evenings. Man Cave for watching football and an office area that is great if you work from home. Large laundry room with 1/4 bath, this home has plenty of storage. Eat in kitchen with wide sided French Doors to deck. Plenty of backyard space with a fire pit . Easy Commuter access to Rt 67 to Palmer and Ma Pike. This home is set back off the road for privacy and waiting for a new owner!
Open House
No scheduled Open Houses

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11 Walnut St, Ware, MA 01082

Single-Family

$170,000
Price

8
Rooms
4
Beds
1/1
Full/Half Baths
Lovely 4 bedroom home has hardwood floors, fantastic details like built in cupboards and chair rails! Beautiful wood banister with original stained glass window going to 2nd floor. Attention to detail in this older home is what the buyer will appreciate. Large dining room for family gatherings. Pellet stove in den to help with heating cost. 2nd sitting area leading to a large foyer. A larger 2 car detached garage with a paved drive. The backyard has a nice patio and an above ground pool with an area for a garden. Sit on your front porch and enjoy an evening breeze. Just a short walk to the park . This is minutes from RT 9 and 15 minutes to the Ma Pike for commuters. This affordable home is well worth a look. NEW Boiler 10/17. New roof 2019.
Open House
No scheduled Open Houses

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Preparing to buy a home is a long and stressful process for many. You’ve spent months, or even years, saving for a down payment, planning your future, and building your credit to ensure you get the best possible interest rate on your loan.

Then you find out, when getting preapproved for a mortgage, that your credit score dropped by a few points. So, what gives?

There’s a lot to understand about how credit scores affect mortgages and vice versa. In today’s post, I’m going to attempt to cover everything you need to know about how applying for a mortgage can affect your credit score so you’ll be prepared when it comes time to buy a home.

Prequalification, preapproval, and credit checks

There are a lot of misconceptions about what it means to be preapproved or prequalified for a loan. Some of it is due to the jargon that is used in real estate transactions, and some of it is just a marketing technique on the part of lenders. 

So, what does it mean to be prequalified vs preapproved?

The short version is that getting prequalified is a quick and easy process to determine whether you’re eligible to lend to and how much you’re likely to receive. It involves a quick review of your finances, and often includes either a self-reported or soft credit inquiry.

A “soft inquiry” is the type of credit check that employers typically use for a background check. It doesn’t affect your credit score, as you are not applying to open a new line of credit. In fact, many lenders’ process for prequalification is a simple online form that doesn’t even require a credit check. We’ll talk more about the difference between soft inquiries and hard inquiries later.

The simplicity of prequalification makes it a simple and easy way to get started. But, it isn’t always accurate in how well it predicts the type of mortgage and loan amount you can receive. That’s where preapproval comes in.

When you get preapproved for a loan you fill out an official application (you often have to pay for these). This will request documentation for your finances and assets, and will ask your approval to run a detailed credit report.

These credit reports are considered “hard inquiries” and are a vital step in getting approved or preapproved for a mortgage. However, they also, at least temporarily, lower your credit score.

Why hard inquiries lower your credit score

When any creditor, be it a bank or credit card company, is determining whether to lend to you, they want to know that you are a safe investment. To determine this, they want to know how frequently you pay your bills on time, how much you owe to other creditors, and how financially stable you are right now.

When you make multiple inquiries in a short period of time, it’s a red flag to lenders that you might be in trouble financially. Thus, hard inquiries will lower your credit score for 1 to 2 months.

Applying to multiple lenders: the silver lining

When borrowers apply for a mortgage, they often shop around and apply to multiple lenders. While it may seem that all of these hard inquiries will add up and drastically lower their credit score, this isn’t the case.

Credit bureaus take into account the source of the inquiries. If they realize that you are applying for mortgages, they will typically recognize this as rate shopping and group these applications together on your credit report, counting them only as a single inquiry. This means your score shouldn’t drop multiple times for multiple mortgage preapprovals that were made within a small time frame.


Now that you know more about how mortgage applications affect your credit score, you can confidently shop around for the best mortgage for you and your family.


This Single-Family in New Braintree, MA recently sold for $315,000. This Colonial style home was sold by Dorrinda O'Keefe-Shea - Century 21 NS Group.


24 Old Wine Rd, New Braintree, MA 01531

Single-Family

$320,000
Price
$315,000
Sale Price

5
Rooms
3
Beds
2/1
Full/Half Baths
New Braintree Colonial Farmhouse. Nestled on a corner lot over looking the hillside with wrap around deck and front porch to sit and enjoy the sounds of the birds that are everywhere! Fantastic yard with fire-pit and garden area. There are also fruit trees and many plantings for your enjoyment. Stonewalls border some area of the property giving the home added character. A peaceful running brook cascading down rocks forming pools of water for you to sit and meditate in your own special place. There are two sheds on the property for storage, one for gardening and the other you could use as a small workshop. The main house has 3 bedrooms upstairs, 3 full baths, wood floors throughout and is meticulously maintained. The master bedroom has his & hers closets w/seating area & skylights. The basement is finished with a bonus room, bath , workshop and is a walkout. This home on first floor and basement area has potential for in-law situation. Are you ready to call this Home?




This Single-Family in North Brookfield, MA recently sold for $230,000. This Ranch style home was sold by Dorrinda O'Keefe-Shea - Century 21 NS Group.


19 S Main St, North Brookfield, MA 01535

Single-Family

$230,000
Price
$230,000
Sale Price

6
Rooms
3
Beds
1
Baths
North Brookfield, Great turn-key updated ranch in such a convenient location close to center of town and short commute to Rt 9 and Worcester! Kitchen has been totally updated , roof, windows, electric, plumbing in fact whole house top to bottom in 2013! Generous bright & sunny living room with open concept for dining and kitchen area. Gleaming hardwood flooring. New bath and fixtures. Large walk-out basement could be finished and will be very handy when entertaining large crowds! This area would make a great Family room, work-out area or work-shop! The laundry is in the basement. Nice corner lot. Town water and Sewer and natural gas!

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