A Presidential Recommendation

Franklin Delano Roosevelt, commonly known as FDR, was born January 30,1882.  He was an American statesman and political leader who served as the 32nd President of the United States from 1933 until his death in 1945.  He had brilliant quote about real estate that is as true back in the WWII era as it is today.  This quote captures the essence of real estate - smart and safe. 

 

Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world. - FDR

The Easterbrook Team 916.850.6050 EasterbrookTeam@spmc.com

We're Giving You Credit

The Easterbrook Team would like to see standing room only on February 8th at 806 Bidwell Street for our class on Credit Solutions.  We'd like you to go through your files and find at least one buyer that didn't qualify because of credit and send them to the class next Thursday. Agents are welcome too.  It's free and life changing!  We'll talk about how to get out of the credit mess that many of us find ourselves in and that many of us are better off than we think when it comes to credit. 

The Easterbrook Team

916.850.6050

EasterbrookTeam@spmc.com

www.HomeLoanWorkshop.org

Job Interview

 

For those of us in the mortgage and real estate business, it seems like every time that we meet a new buyer or go on a listing presentation, it feels like we're on a job interview - because we are!  We are being judged by prospects before they "hire" us to become their mortgage or real estate representative.  We can learn from those that do the hiring for the workplace to better attract and keep our future clients.  One of our favorite websites, Lifehack.com, has a great article on the 5 attributes that employers (prospects) are looking for in an employee (you) - CLICK HERE.

The Easterbrook Team

916.850.6050

EasterbrookTeam@spmc.com

www.HomeLoanWorkshop.org

Bringing Certainty to the Mortgage Process

Bringing Certainty to the Mortgage Process

One day approvals are real!

The process of getting approved for a mortgage can be very stressful for a borrower in the best of circumstances.  Until a formal approval has been issued, everyone involved in the process (agents, buyer, seller, and even the loan officer) is collectively holding their breath for underwriter’s anticipated “APPROVED”.

Fortunately, we can all exhale now that we have Day One Certainty.  Day One Certainty is Fannie Mae’s new process that saves paperwork, time, and – most importantly – approves the buyer upfront for conventional loans!  Yes, it is now possible to get an approval upfront on a conventional loan without having to go through the traditional underwriting process that has slowed down the mortgage process for decades. 

We love our underwriters, don’t get us wrong, and they now have a solid approval that they can streamline their process with as well.  Day One Certainty leverages data already at our disposal to automatically verify income, assets, and employment history.  In addition, certain loans are eligible for an appraisal waiver – speeding the process up more and saving the borrower the expense of an appraisal. 

Agents, with our new tool at your disposal, you can provide added assurance when presenting an offer that the buyer has been preapproved. 

The Easterbrook Team

916.850.6050 EasterbrookTeam@spmc.com https://homeloanworkshop.org/

All About Credit!

All About Credit

This class will describe the FICO scoring methods that the bureaus use for credit scoring. We will discuss what score thresholds are best for different loan types. We will discuss how to manipulate your FICO score based on account balances. We will provide handouts and be available for questions. Instructors will be John Easterbrook and Patty Aguon. John is a Real Estate Broker and Mortgage Loan Officer. Patty is a Mortgage Loan Officer and former underwriting manager for a nationwide lender. Sign up now. Also be sure to sign up for the February 8th class on Credit Repair to get the ins and outs of credit score improvement. 

https://homeloanworkshop.org/calendar-of-classes

Please visit the site above to register for your seat!

The Easterbrook Team

806 Bidwell Street Folsom, CA 95630

916.850.6050

EasterbrookTeam@spmc.com 

2018 Real Estate Top 10 Forecast

2018 Real Estate Top 10 Forecast

If you like a more balanced market with more inventory, more sales, and a little slower pace to the frenzied 2015-2017 markets that we just survived, you are going to like 2018 even better.  The folks at Nerdwallet have come up with their predictions based on what we now know about the new future of the real estate market.  We’ll see interest rates rise, affecting some buyers by pricing them out of the market.  As we are still sorting through tax reform, it looks like it will be positive for most people, putting more money in their pocket.  For the entire article, CLICK HERE.

The Easterbrook Team is holding classes to educate the public about home ownership.  To check out the classes and sign up for a class, visit HomeLoanWorkshop.org. 

Do You Have Unclaimed Monies?

Here is a Link Concerning the Vast Amounts of Unclaimed Money with the State of California.

Every year, we get an email from someone who took less than a minute to enter their name or name of relatives, friends, etc. They will tell us that they found some money for someone dear to them.

The link is simple.

UCPI.SCO.ca.gov.

Maybe some State Agency just found some money for you.

When you find the money, please take a moment to let us know. Then, we will keep giving the alert each year.

Good luck!   

The Easterbrook Team

916.850.6050

EasterbrookTeam@spmc.com

We Have Class!

We Have Class! 

Thursday, 1/9/17, the Easterbrook Team will have a class on the home buying process.  We are holding a series of classes for the public called Home Loan Workshop, providing an accessible environment to learn more about being a homeowner.  We’ve marketed them through social media, direct mail to high-end apartments in the Folsom area, and reached out to our customer base (loan family) to promote them.  Interested?  Check out our website at HomeLoanWorkshop.org.  Classes are filling up!

Everybody Put Your Hands Up!

Everybody Put Your Hands Up!

Doesn’t 2018 feel like you are clickity-clacking up the first rise on a roller coaster getting ready for a big thrill ride?  There is definitely a lot of movement in the market.  The experts agree that we’re in for a solid year in 2018. Ryan Lundquist, Pat Shea, and Dean Wearli weigh in on what to expect for the coming year in the way of appreciation, inventory, and how the Bay Area is influencing the Sacramento, El Dorado, and Placer County areas.  Check out the article HERE.

The Easterbrook Team with Sierra Pacific Mortgage Company, Inc.

916.850.6050 * EasterbrookTeam@spmc.com * www.homeloanworkshop.org

The Tower Bridge has a “Welcome Home” Sign on It

The Tower Bridge has a “Welcome Home” Sign on It

Speaking of the Bay Area, 17,000 people commute daily from Sacramento to the Bay Area to work.  It’s no wonder - it is infamously expensive to live in the Bay Area. Median home prices range from $700,000 in Oakland to $1.6 million in Mountain View, according to tracking firm Zillow.com. The median home price in Sacramento is about $300,000. To read the article, click HERE.

The Easterbrook Team with Sierra Pacific Mortgage Company, Inc.

916.850.6050 * EasterbrookTeam@spmc.com * www.homeloanworkshop.org

You Think Rates are High?

You Think Rates are High?  Go to Zimbabwe

If you are thinking of moving to Zimbabwe, you may consider renting.  To purchase a home, a buyer can expect to put down a 25% down payment and pay at a rate of 12% over a 10 to 15 year period.   If you are thinking of moving there, you should know that the economy isn’t too great, everyone is asking for bribes, the roads are poorly maintained, but we hear the wine is cheap.  This is a plus because the water quality is abysmal. 

The Easterbrook Team

916.850.6050

EasterbrookTeam@spmc.com

www.homeloanworkshop.org