Can't Make This Up!

More housing news from Zimbabwe.  Dr. Smelly Dube won three awards for her achievements in housing development, which is cool.  "A rose by any other name would smell as sweet".   The article then took another fast turn like a comedian switching topics - According to the Zimbabwe Association for Housing Finance “providing proof of incomes from informal business activities continued to be problematic for increasingly cautious lending institutions.”  Sounds like 2006 all over again.  Here's the article: CLICK HERE.

Renters are Now Looking to Buy!

Renters showed a substantial growth in optimism in September, saying now is a good time to buy a home, according to Fannie Mae’s Home Purchase Sentiment Index – see article.
Renter’s shift to saying now is a significant change from August, when Americans agreed it was the right time to sell, but not to buy a home.
This balance of sellers listing their homes and willing buyers could make for an excellent 4^th quarter for housing.

If you are looking to buy, contact The Easterbrook Team today!

916.850.6050  EasterbrookTeam@spmc.com
"We Make The Loan Process Easy!"

HUD Cites Reverse Mortgages As Solution to Senior Housing Stress

Reverse mortgages may be one solution to the pressing problem of senior housing that many aging homeowners will soon face, says the Department of Housing and Urban Development in a recent publication. And there’s potential for research that would further examine the benefits of Home Equity Conversion Mortgages (HECMs) by comparing those who have taken HECM loans with similarly positioned households that have not, HUD says.

To continue reading please click here!

Contact The Easterbrook Team if you are interested in mortgage financing or to discuss a reverse mortgage.

916.850.6050  EasterbrookTeam@spmc.com

"We Make The Loan Process Easy"

3 Months, 3 Housing Trends: Mortgage Rates, Home Sales and Hurricanes

For home buyers, home sellers, refinancers and fixer-uppers, the end of 2017 could get a little weird. In housing, the fourth quarter tends to be predictable —  but not this year. Here are three housing and mortgage trends to watch for in the fourth quarter of 2017:


To Read The Entire Article Click Here!


The Easterbrook Team is your home loan lender source.  Contact us today to discuss refinancing or purchasing a home. 

"We Make The Loan Process Easy!"

916.850.6050

Homebuilder confidence hits 10-year high, again

The nation’s homebuilders’ confidence in the market for newly constructed single-family homes continued rising in October, to a level not seen since before the housing crisis began.
The good news comes from the latest edition of the National Association of Home Builders/Wells Fargo Housing Market Index, which rose three points in October to 64.




To Read the Entire Article, Click Here!


To find out what you can qualify for to start your homebuilder project give us a call. 


The Easterbrook Team
John Easterbrook
916-224-7653
NMLS#226555


Patty Aguon
916-833-5063
NMLS#994635


Easterbrookteam@spmc.com

5 Things to Consider When You Move to a New City

Moving can be an exciting opportunity to experience new things, but it’s a good idea to look into some details about your potential new city before calling it home. Many cities have very different price tags—from international capitals such as Prague to London and even between those in the same state such as Los Angeles and San Francisco. So what does cost of living really mean? What else will affect your future if and when you move to a new place? Check out some of the factors you need to consider when comparing city experiences.

1. Cost of housing

Apartment and home costs can vary significantly, and some cities are friendlier to renters. If you are thinking about buying a home and getting a mortgage in your new location, it’s important to look at what other homes are going for and what they have to offer. (You can calculate how much house you can afford.) Your credit score is a major factor in the interest rate you’ll be approved for on the loan, so be sure to keep an eye on your credit in the months before applying. You can check your credit scores for free every month on Credit.com.

2. Basic needs

Housing is often the biggest, but not the only, expense you will face in your new city. The price of basic utilities, health care, and even groceries can vary greatly between places. Some goods are also more or less available depending on where you are located. Finally, it’s important to factor in the cost of transportation. Is there public transit? Can you walk to work? Do you need a car? This can make a big difference in your monthly costs.

To see the next three reasons click here!

Based in Folsom, California, Sierra Pacific Mortgage has 144 offices nationwide. The Easterbrook Team at Sierra Pacific is associated with the #1 office in the nation for SPMC for the 3^rd month in a row!  We want to thank you so much for the support.  Come by and visit our office at 806 Bidwell Street in Folsom.   


Call us today! 916-850-6050 or email: easterbrookteam@spmc.com


John Easterbrook-NMLS 226555  Patty Aguon-NMLS 994635

Homebuilder confidence hits highest level in a decade

"Housing continues to improve at a steady pace"

--

Brena Swanson

The housing market index, unchanged in July at 60, is signaling substantial strength for the new home market. This is the strongest reading since November 2005, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Thursday.

To Read the Entire Article Please Click the Link Below.

http://www.housingwire.com/articles/34498-homebuilder-confidence-hits-highest-level-in-a-decade.

Patty Aguon

916-833-5063

Patty.Aguon@spmc.com

NMLS# 994635

John Easterbrook

916-224-7653

John.Easterbrook@spmc.com

NMLS# 226555

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