What to Know Before Buying a Home in Tewksbury, MA

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Get Familiar with the Lay of the Land in Tewksbury, MA

Strongly considering a home purchase in Tewksbury? Smart move! You've chosen a colorful city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers from coast to coast and know the Tewksbury housing market well.

Tewksbury is growing by the day, which means Tewksbury homes don't always come cheap. Continued economic growth and cultural expansion have helped to entice young families, new businesses, and retirees to the Tewksbury area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Tewksbury and its neighboring areas still offer a wide range of home styles and prices. You can find single-family homes, condos, townhomes, and (hopefully) your dream home! When buying a house in Tewksbury, consider the home's location in relation to your everyday activities. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of Tewksbury will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Tewksbury's hottest attractions.

Are your finances in the right place to buy a home in Tewksbury? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home and work to make the journey less worrisome and more rewarding every step of the way. You don't even have to stick with your decision to buy a house in Tewksbury. We work with new and experienced homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Tewksbury.

Before anything else, calculate how much house you can afford. This will help determine the price range for your Tewksbury house hunt. After that, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Tewksbury averages will usually give you some solid estimates. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, look at how much money you can put toward a down payment. Putting at least 20% down will increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, take a good look at your credit. Credit history is an important part of your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?

Move Up and Out: Buying Your Dream House in Tewksbury, MA

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Tewksbury. Contact Mr. Cooper as you get ready to buy a house in Tewksbury. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even put you in touch with a vetted real estate agent who can potentially help you save thousands of dollars.*

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