23
December
2010

Happy Holidays from CL Waterfront Properties, LLC!

Filed under: Boston Luxury Condos, Boston Luxury Real Estate Market, Boston Waterfront Luxury Buildings, Boston Waterfront Real Estate Market, Waterfront Boston. • Tags: , . By

As CL Waterfront Properties, LLC approaches our one year anniversary, we wanted to take a moment to wish our many friends and clients a Happy Holiday! From our offices at Lewis Wharf, we wish you continued health and all the best for the New Year.

CL Waterfront Properties LLC Offices

Known for our extraordinary sales in luxury buildings and waterfront properties in Boston’s prestigious neighborhoods, we feel very lucky to still be one of the best brokerage firms in Boston. If you’re looking to buy or sell your Boston luxury property, please contact an agent today, as we would love to assist you!

1
December
2010

Paying to Save: How to Cut Your Mortgage Bill

Filed under: Advice for Home Buyers, Back Bay Luxury Condos, Boston Luxury Condos, Boston Luxury Real Estate Market, Boston Real Estate Market, Boston Waterfront Luxury Buildings, Boston Waterfront Real Estate Market, Luxury Real Estate, Waterfront Boston. • Tags: , . By

mortgageMaking just one extra mortgage payment can save you thousands!  Paying extra to save may sound counter-intuitive, but the fact is that just one payment can make a huge difference in the total cost of your home’s mortgage (and also shave years off the payment period!)

To illustrate this, take a look at the following example:

Jill has a $200,000 30 year mortgage with a 6.5% interest rate.  Her monthly payment is $1,264 per month.   This means the total interest paid on her loan will be $255,088.98, leaving Jill with an overall bill of $455,088.98.

However, if Jill has the same mortgage and terms but pays an additional payment of $1264 per year, the total interest paid drops down to $199,098.92 with an overall bill of $399,098.92!   Not only will Jill cut into the amount of accrued interest, but she also reduced the pay off date. 

By just adding an extra monthly payment per year, Jill saved herself nearly $56,000 and paid off her loan 6 years early!

Graph

Where Can You Get An Extra Payment?

Paying an extra month per year is a great way to save money in the long run, but for many it can be hard to realigned budgets to make it work.  Paying an extra $1264 per year can be difficult to stomach — especially if you aren’t required to!  However, there are ways to do so without really even noticing you are!

  1. Keep a consistent budget: Most people are paid every two weeks, leaving them with 26 paychecks per year.  For your mortgage, you only need to make 12 payments per year.  If half of your paychecks go towards paying off your mortgage, you are left with two full paychecks that aren’t touched by your mortgage.  These may have once been your “splurge fund,” but if you consistently divide all of your paychecks, you are likely to have an additional month’s mortgage payment on hand without noticing it.
  1. Change your payment schedule: Two times per year, you will be given three paychecks per month instead of two.  These “extra” paychecks can easily be applied to your mortgage.  In fact, many mortgage companies will allow you to set up and use a bi-monthly payment schedule that will withdraw half of your monthly payment every two weeks.  You will be paying 13 payments without ever noticing a drop in your paychecks!  Make sure, however, that your lender allows you to apply this additional amount paid
  2. Whether your real estate dream is a luxury Boston condo or a Boston Waterfront property — now is the time to take the leap! Contact CL Waterfront Properties, LLC today!

19
March
2010

Fastest Growing Real Estate Company in Boston Massachusetts 2010

Filed under: Back Bay Boston, Back Bay Boston Real Estate Market, Back Bay Luxury Condos, Boston Luxury Condos, Boston Luxury Real Estate Market, Boston Real Estate Market, Boston Waterfront Luxury Buildings, Carmela Laurella, CL Waterfront Properties NEWS, Featured Sold Properties, Lewis Wharf, Luxury Real Estate, Waterfront Boston. • Tags: , . By

Fastest Growing Real Estate company and most listings on the Waterfront in the last 3 months.

With $45 Million in listings since January 1st, CL WATERFRONT PROPERTIES LLC is the fasting growing real estate company on Boston’s Waterfront.

We have listings at all the major Waterfront buildings and listings at The Residences Mandarin Oriental, Heritage on the Common, and facing the Charles River on Beacon Street.

bedroom interior, The Residences Mandarin Oriental, Boston

bedroom interior, The Residences Mandarin Oriental, Boston

Our beautiful new offices with over 10 windows facing Atlantic Avenue has helped “jump start” our thriving business.

Call us today at (617) 624-9700!