Thursday, January 22, 2015

Berkshire Hathaway HomeServices

We are now Berkshire Hathaway Homeservices John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: holbrook66@msn.com www.johneholbrook.com

Fannie Mae to offer 3% Down

Bloomberg News reports that per December 13, 2014, Fannie Mae and Freddie Mac have set terms for letting borrowers put down as little as 3 percent of a home's cost to get mortgages, for first-time home buyers. They will also permit refinancing borrowers to reduce equity to 3 percent to cover closing costs. This is also a part of a broader effort to spur lending to minorities, young adults and first-time buyers. While this program has earned some criticism, especially in light of the not so distant housing crash, officials of Fannie Mae and Freddie Mac said rules banning risky loan features will ensure that the new low-down payment mortgages are safe. Only borrowers buying or refinancing a single-family primary residence will be eligible. John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: holbrook66@msn.com www.johneholbrook.com

Amelia Island Concourse

On Thursday, March 12, for the first time ever, Fernandina Beach Golf Club will host Bonhams Auction on Amelia Island. Among the many fabulous cars up for auction are the rare 1911 EMF Model "30" Factory Racer and a 1930 Rolls-Royce Phantom I Transformable Phaeton once owned by silver screen goddess Marlene Dietrich. The Gooding & Company Amelia Island Auction will be held at the Omni Amelia Island Plantation on Friday, March 13. Ideal for collectors and enthusiasts of fine automobiles, the event will feature more than 80 rare-to-market discoveries. The Amelia Concours Week concludes Sunday, March 15 with a grand finale as the 20th Annual Amelia Island Concours d'Elegance opens the International Concours season on the fairways of the Golf Club of Amelia Island. Get it in gear and visit ameliaconcoursweek.com to learn more about all the events and start planning your trip to experience Amelia Concours Week! John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: holbrook66@msn.com www.johneholbrook.com