30
January
2012

InterContinental – Premier Boston Living

Filed under: Boston Luxury Condos, Boston Luxury Real Estate Market, Boston Waterfront Amenities, Boston Waterfront Condos, Boston Waterfront Luxury Buildings, Boston Waterfront Real Estate Market, Carmela Laurella, CL Waterfront Properties NEWS, Featured For Sale, Luxury Real Estate, The Intercontinental, Waterfront Boston. • Tags: , . By

Some of the most amazing luxury homes in Boston can be found at the InterContinental. This premier luxury building, located along the Greenway and straddling the Financial District, has 130 units with brilliant views of the Boston cityscape, the Fort Point Channel or the lovely Boston Harbor waterfront.

It’s modern and elegant lobby area is sure to impress anyone with it’s river rock entryway, stone walls and marble floors. But before entering InterContinental’s lovely main area, guests and residents are always greeted by a friendly doorman at any hour of the day, 24/7. The building features nothing but the best when it comes to full-service. Housekeeping, laundry, valet parking, concierge, room service; the InterContinental has it all.

Now the building is featuring a great unit for sale that is a one-bedroom with study and master bathroom for $895,000. Located on the 18th floor, Unit 18C offers a brilliant view of the city side and Greenway parks. It’s kitchen features custom cabinetry and state-of-the-art appliances, making slaving over the hot stove a luxury pass-time. It’s master bathroom has a limestone-lined shower and crème-marble counter with double-sinks; a perfect place to get your every morning started.

The unit also has a washer/dryer combo with built-in pantry shelves, carpeted master bedroom, floor to ceiling windows, double door closet, a small study/den and one deeded garage parking space with valet service.

If you are interested in learning more about Unit 18C or would like to schedule a viewing, please contact Diane Giacobbi or Howard Chang at our CL Waterfront Properties office at 617-624-9700.

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!