by Athena Paquette | Dec 13, 2013 | Blog, Home Buyers, Investors
How is it that a couple who is paying $2,600 a month in rent could only qualify for a $280,000 loan? They went to a bank first. True story; after being told that they couldn’t qualify to buy the home they really wanted, they came to see me. After a thorough review of...
by Athena Paquette | Nov 22, 2013 | Blog, Home Buyers, Home Owners
When you obtain a conventional loan, PMI or Private Mortgage Insurance is required if you put less than 20% down on your new home. PMI protects the lenders if the buyer defaults on the loan; and it is usually added to the monthly mortgage payment. With true Private...
by Athena Paquette | Nov 13, 2013 | Blog, Home Buyers, Investors
Not all Real Estate Agents are Realtors. In fact, there are a small percentage of real estate licensees who are members of The California Association of Realtors. The California Association of Realtors is a voluntary organization that has a very strict code of ethics...
by Athena Paquette | Nov 9, 2013 | Blog, Home Buyers, Investors
In addition to the purchase price of the home, there are other fees associated the home buying process such as escrow fees, appraisal fees, notary fees and more. Typically, a no-cost loan is used when you’re refinancing, but it can also be used for...
by Athena Paquette | Sep 12, 2013 | Blog, Home Buyers, Investors
I often run into business owners who are frustrated because they were turned down for a loan they so obviously could afford. They ask me, “How is it that I am able to pay $2,500 in rent, and have a successful business, but I can’t qualify for a loan?” Having owned...
by Athena Paquette | Jun 18, 2013 | Blog, Home Buyers, Investors
When trying to get the lowest down payment and the best loan rate, you’ll hear a lot about Fannie Mae, Freddie Mac, and FHA loans. However, people are often confused about these loan types. Myth #1: FHA loans are only for low income people: Not true! A FHA or...
