Listing Details: Auburn, Lewiston and Turner, Maine Real Estate Listings & Homes For Sale Provided by Sue Meservier

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Feature Home - 80 Maple Hill Road, Auburn ME

$390,000

Photo of 80 Maple Hill Rd., Auburn, ME, 04210.

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Address: 80 Maple Hill Rd.	City/ST: Auburn, ME	Zip Code: 04210
Location: 80 Maple Hill Road, Auburn ME	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 3960	Bedrooms: 4	Bathrooms: 2 full, 1 half, 1 3/4 baths
MLS# 930160	Property Tax: 6872

Elegant country living on 8 acres near Lake Auburn. Spacious,custom 4BR/4B home: oak floors, great room w/ woodstove & beamed ceiling,master suite w/whirlpool bath,chef's kitchen w/ double ovens,inground pool,3-bay garage,wooded views & abundant wildlife.

Last Updated: 9/18/2009 3:13:50 PM

Listing Agent and Office: Barbara Trafton, 207-689-9822, Keller Williams Realty Mid Maine

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Financing Your Home >Home Free

Conventional wisdom says, "Don't pay off your mortgage early." Are you foolish to consider an early payoff? Absolutely not! By adding just $50 to $100 to your mortgage payment every month, you can save thousands of dollars in interest, pay off your loan quicker, and eliminate a major monthly expense.

The argument usually given against paying off a mortgage early is that you can make investments with your extra cash, such as mutual funds, stocks or bonds, which pay higher returns. This approach enables you to take the mortgage interest deduction and have easy access to your money, in case you need it. These are all definite pluses, but are not guaranteed savings results.

Any extra income which an investment might generate above your home equity appreciation can be offset by a bad year in the investment market. Investment earnings can virtually eliminate the income tax advantage of your mortgage interest deduction, since stocks and bonds are likely to generate a fair amount of dividends, interest income and capital gains.

It isn't as simple as conventional wisdom--consult a financial expert.

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Q	What price range is considered upscale or high-end in residential real estate?
A	The price range varies depending on the local market, but upscale homes are in the top 10% of an MLS area's annual home sales.
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Sue Meservier, REALTOR�, real estate agent and broker for Auburn, Lewiston and Turner, Maine home listings, property and land for sale - NUMBER1EXPERT

Sue Meservier
Meservier & Associates
Keller Williams Realty Mid Maine
34 Center Street
Auburn, ME 04210
Office: 207-784-2525
Fax: 207-689-9801
Cell: 207-576-5488
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