Standout Showstopping Home!

What Does Love Got to Do With It?

Want to make your house a standout showstopper?  According to the Wall Street Journal, homes for sale with ‘sexy’ and ‘seductive’ in the property description have higher listing prices than homes with ‘love’ and ‘loving,’ an analysis finds.  So, should you use these terms in your listings?

An analysis of roughly 1.6 million home listings found that lower-priced homes were most likely to have the word “love” in property descriptions, while homes priced in the millions of dollars were most likely to have “sexy” and “seductive” in the descriptions.

“Love is basic,” said Javier Vivas, an economic researcher for Realtor.com, which analyzed the data. “It’s a pre-canned pitch to generically describe something beautiful.”  CLICK HERE for the FULL ARTICLE

To make your dreams come true, Call The Easterbrook Team for your refinance and purchase needs.

916.850.6050 easterbrookteam@spmc.com 

John Easterbrook NMLS#226555

Patty Aguon NMLS#994635

Fannie is Your Friend

At the end of 2015, Fannie Mae made some changes to their loan programs that will make it easier to qualify for conventional loans.  These changes include:

• This one is our fav: Up to 95% loan to value on high balance loans ($474,950 in our area – it used to be only 90% on high balance and 95% up to $417K)
• Non occupant co-borrowers (…Mom & Dad) can now blend their income with the primary borrower, allowing the borrower to qualify for more.  In most cases the maximum a borrower can go when co-borrowing will be 95% loan to value ratio.
• Self-employed borrowers will now get the opportunity to submit only one tax return, instead of two (subject to automated approval). 
• HomeReady is Fannie Mae’s new affordable conventional lending product (it used to be My Community) to help low to moderate income borrowers purchase or refinance their first home.
• Here are some highlights:
  • 97% loan to value on purchases
  • Non-occupant coborrower allowed – coborrower income does not count against income limit eligibility
  • Lower mortgage insurance
  • Education is required for this product

Call the Easterbrook Team

For Purchase, Refinance, and Pre-Purchase Loan Counseling

John Easterbrook NMLS#226555 916.224.7653 Patty Aguon NMLS#994635 916.833.5063
EasterbrookTeam@spmc.com 916.850.6050