I am so excited to start 2015! I have so many new initiatives going on and I already feel that awesome feeling of being just a little bit too busy! Here’s what’s up in my world:
- My team and I are negotiating three inspections, two buyers and one seller. Everything is going well and these deals are set to close on time.
- We are working on what is likely to be a GREAT Basking Ridge listing in the Liberty Corner section of town. A colonial in the under $1,000,000 range with a one acre yard, first floor full bath, five bedrooms and more!
- I’ve joined the Bernards Township Regional Chamber of Commerce and I am looking forward to spending more time this year attending community events.
- We closed 2014 with enough sales to qualify once again for the Weichert Realtors Ambassador’s club. That’s exciting as it opens some doors for extra networking opportunities. Not to mention a great trip at the end of May!
In addition to all of this great stuff going on, Weichert Financial is offering a terrific program for first time home buyers:
In conjunction with the new Fannie Mae guidelines, Weichert Financial Services will offer a 97% LTV loan product with down payments as low as 3 percent. These fixed-rate loans will be available only for purchase transactions made by first-time homebuyers purchasing a one-unit primary residence. The maximum loan amount is $417,000, and no jumbos are permitted.
· First Time Homebuyers Only
· Maximum Loan Amount $417,000
· 1-Unit Primary Residences
· Additional Add-on of .50 pts for LTV 95.01 – 97% (can be added into the rate)
· DU Approve/Eligible is Required – manual u/w is not permitted
· PMI is required – 35% Coverage (can be waived once borrower reaches 20% LTV)
· Fixed Rates – 25Yr or 30Yr Terms Only
· Purchase Transactions Only
And, I heard from a Wells Fargo rep that they are now allowing new rent from new rental units to count as income toward a loan – this means that you can convert your primary residence to a rental unit and count the income towards your loan qualification for the purchase of a new primary residence.
All of this exciting news is setting the stage for an awesome year in real estate!
Take a look at this year’s new listings so far:
