Your Real Estate Professional:
Bob Filene
August 2021

The Best Appliance Trends of the Year
The last year-and-a-half has been focused on home design. The pandemic has led people to spend more time in their homes than maybe they ever envisioned, and that’s meant a lot of home renovation projects.
      Many people are focused on really making their homes completely their own, and that includes when it comes to their kitchen appliances.
      With that in mind, the following are some of the appliance trends that are popular right now and can quickly turn your kitchen into your favorite room.
      Customizable Refrigerator Doors Samsung recently debuted a beautiful appliance in their 4-Door Flex Refrigerator. The
Mortgage Rates
U.S. averages as of August 2021:

30 yr. fixed: 2.8%
15 yr. fixed: 2.1%
5/1 yr. adj: 2.45%

refrigerator has customizable door panels. You can choose between classic colors like black and unexpected options like pink glass and navy blue glass. There are a total of eight color options, and
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How Does Inflation Affect Real Estate?
     We’re hearing a lot in the news about inflation right now.
      The inflation rates have been going up at record-breaking paces. Some of that is to be expected during a period of economic recovery following the COVID-19 pandemic, but there are concerns being echoed by some financial analysts.
      Inflation refers to the decline of purchasing power of a currency over time, to put it somewhat technically. Basically, what inflation means is that you have less purchasing power with the same amount of money.
      So, how does this affect real estate?
      Home Construction Costs Right now, one of the most obvious and direct effects we see of inflation on the real

What Does It Mean to Build Equity?
     If you own a home, one of the benefits compared to renting is that each month you’re making mortgage payments, so you’re building an asset which is equity. Equity refers to the amount of your home that you truly own after you take into account the debt you owe.
      To calculate your current equity, you should subtract your loan balance from your home’s market value. 
      If the number is negative, then your home is worth less than what you owe on it. That means you have upside-down equity.
      This is obviously not the goal. The goal is to grow your equity over time as you pay your loan. Until you pay off your mortgage, even though you’re considered a homeowner, your lender still has an interest in your property.
      You own your home, but it’s collateral for your loan.
      How Does Equity Work? If you bought a

What Happens If There’s a Lien On Your Home?
     If you have a mortgage, then you already have a lien on your house. Many people don’t realize that. The bank that gave you a mortgage has a legal right to your property if you default on your loan.
      That’s normal, but what about other types of home liens?
      A lien is a legal claim against your property by a creditor. When someone has a lien against your property, it can allow them to collect the money they’re owed. If you have an obligation that you don’t settle, then a lienholder could seize your property and sell it.
      Liens can be placed against not only homes but also cars, and they can also be removed.
      So what does it all mean?
      What Types of House Liens Are There? There are various types of liens that can be attached to your home. A home lien is a creditor’s legal claim to your physical property. There can also be a general lien. In this case, a creditor might have a legal claim to any of your assets, including your bank accounts.
      A lien can be voluntary or

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Contact Number: 617-877-7816
Coldwell Banker Realty
(617) 877-7816
1000 Mass. Ave.
Cambridge, MA 02138

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