by Athena Paquette | Jul 26, 2014 | Blog, Home Buyers, Investors, Realtors
The SSA recently announced that they will no longer issue printouts confirming your social security number. When we finance an FHA or VA loan, we will now need a copy of your social security card. We used to be able to take a printout stamped and signed by an SSA...
by Athena Paquette | Jul 21, 2014 | Blog, Home Buyers, Home Owners, Investors, Realtors
What is a Pull and How Does it Affect You Credit Score? A “pull” is when a potential creditor pulls your credit report, also called an inquiry. People are told that inquiries can bring down your credit. This is true, but only by a few points. Other credit profile...
by Athena Paquette | Jun 27, 2014 | Blog, Home Buyers, Home Owners, Investors, Realtors
Myth Buster of the Week: You need a minimum 3.5% down to buy a home: FALSE! There is a program that allows only .5% down! That’s right! On a $400,000 loan you only need a $2,000 down payment. We can even do a no-cost loan on that program, with minimum 620 credit...
by Athena Paquette | Apr 18, 2014 | Blog, Home Buyers, Investors, Realtors
Myth Buster of the Week: True or False: Retired people, or people on fixed income cannot qualify for a Loan. False! It’s surprising to me just how many people think that being on social security or disability means you can’t get a loan. That is simply not true. As...
by Athena Paquette | Apr 15, 2014 | Blog, Home Buyers
A client called this week saying that he had to buy a property for his mother because she doesn’t have an income. I asked if she had social security, pension, IRAs and he said, “Yes.” We were able to save him .25% in interest by having her be the borrower and he as...
by Athena Paquette | Jan 10, 2014 | Blog, Home Buyers, Home Owners
Good news! You can leverage the equity in your home to buy rental property. Depending on the loan program and type of property that you’re buying, you may need a down payment and also cash reserves. You Have Two Options: 1. Your first option is to refinance your...
