Margaret Belmonte & Associates at Keller Williams Realty

Margaret Belmonte & Associates is a top producing group of realtors affiliated with Keller Williams Realty International located in the Cummings Center in Beverly, MA. We have more than 30 years of collective real estate experience. Our service area is Essex County with a a concentration on the coastal communities.

Our team is comprised of Margaret Belmonte, founder of the group and the lead listing specialist, whose expertise is working with sellers to market and sell their property. Lindsay Konos is the lead buyer specialist. Lindsay has a demonstrated skill set best suited for working with buyers to identify and successfully negotiate the purchase of real estate. Maggie Spade is the team administrator extraordinaire. Maggie ensures that no detail gets lost in the shuffle and tracks each transaction from offer to close.

You might be wondering why you should choose a team to go to work for your best interests? The simple answer is that the buying process is vastly different from the selling process and each process requires a specific skill set. Whether representing buyers or sellers, each member of Margaret Belmonte & Associates has gone through extensive educational training, interviews, and personality testing to ensure our clients receive the highest level of care from start to finish. We work only in our area of expertise. We are committed to identifying and fulfilling your needs, whether that is connecting you to our team of trusted advisors for financing, home inspections or other vendors involved in buying and selling real estate. We do not try to be everything to everyone. You can trust you have either a buyer expert or seller expert going to work for you.

How do you start the process? If you are thinking about selling or buying, we start the relationship with an informative 30 minute consultation; basically we apply for the job of representing you. This consultation gives each party the opportunity to ask questions and get to know the process and the representation we offer in depth. If the relationship is a fit, there is some disclosure paperwork to endorse and we go to work for you.

We have the keys to the North Shore’s finest homes.

Check out our reviews on zillow.com Call us: 978-927-2737

Where Are Mortgage Rates Headed?

Originally published by KeepingCurrentMatters.com on February 26, 2015

Where-Are-Mortgage-Rates-Headed

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year.

Below is a chart created using Freddie Mac’s February 2015 U.S. Economic & Housing Marketing Outlook. As you can see interest rates are projected to increase steadily over the course of 2015.
Mortgage-Rate-Projections-KCM

How Will This Impact Your Mortgage Payment?
Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.

Research released by Zillow touched on this point:

“As rates rise, new home buyers will confront higher financing costs and monthly mortgage payments. For many, this will mean tightening their budgets and sacrificing some luxuries they may take for granted today.”

The experts predict that home prices will appreciate by 4.4% over the course of 2015. If both predictions become reality, families would wind up paying considerably more for their home.

Bottom Line
Even a small increase in interest rate can impact your family’s wealth. Meet with a local real estate professional to evaluate your ability to purchase your dream home.

Montserrat College of Art, Salem State Eye Merger

Originally Published Feb 24, 2015, 7:24am EST by Mary Moore, Reporter-Boston Business Journal

Montserrat College of Art is discussing a possible merger with Salem State University, according to a news release issued Monday evening by both institutions.

Salem State University’s president Patricia Maguire Meservey and Montserrat College of Art’s president Stephen Immerman have announced the news to their respective students, faculty and staff, noting that a confidential due diligence of the deal had concluded.

If the merger is finalized, it would take effect in the 2017-2018 academic year, according to the press release.

“As a small, private college with less than 400 students, it is challenging to provide the resources needed to maintain and grow the competitive advantages needed for working artists,” said Immerman, in a prepared statement. “By joining Salem State, we believe that we can ensure that the Montserrat name and the college’s tradition of excellence and student-centered education will remain available for future generations of aspiring artists and designers.”

There is much more work to be done to assess the potential arrangement, the release states, and committees composed of faculty and staff from both institutions will evaluate the pro’s and con’s.

A funky art school that started in the 1960s, Montserrat, which is located in Beverly, appeared on a watch list of institutions whose federal financial aid was in question due to shaky financials. The U.S. Department of Education data showed that Montserrat was considered not financially responsible in the 2011 and 2010 fiscal years.

Montserrat ended the 2013 fiscal year reporting a deficit of nearly $339,000. In 2009, its deficit was roughly $826,000.

Immerman joined Montserrat’s as president in 2009 after decades at MIT, where he served in various capacities.

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Margaret Belmonte and Associates
978.314.5268
margaret@margaretbelmonte.com


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500 Cummings Center
Beverly, MA 01910

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