by Athena Paquette | May 22, 2016 | Blog, Home Owners, Investors, Realtors
She was crying and hugging me when she left… a client signed loan docs today to finish up her refinance, something she never thought would happen. She still had 5.5% from a mortgage from 6 years ago. She also had $50,000 in debt, and her yearly salary is the same,...
by Athena Paquette | May 22, 2016 | Blog, Home Owners, Investors, Realtors
This week’s myth buster is for my soon to be and experienced investors. I often hear: “Section 8 is bad”. I would like to make the case that this is FALSE. Many landlords shy away from having section 8 tenants. They think they are poor people with too many people in...
by Athena Paquette | May 7, 2016 | Blog, Home Owners, Investors, Realtors
This week we got a little relief from the increasing rates of last week. We started the week with a scare, and then saw the balloon deflate. Why? On Monday, we got the April Institute of Supply Management’s index number falling to 50.8% from 51.8%, a 1% drop, and...
by Athena Paquette | May 7, 2016 | Blog, Home Owners, Investors, Realtors
Long time clients of mine (1998) bought a rental property in 2006. We finally think they have 20% equity and decide to refinance. Then a blow… we get a low appraisal … how is that a win? Well, their loan is from 2006 and they do finally have 10% equity not the 20% we...
by Athena Paquette | May 7, 2016 | Blog, Home Owners, Investors, Realtors
You must be a citizen or at least a resident alien to buy a home in the US. Not true. Many people are here on work visas sponsored by an employer. They often are going through the process of getting a green card/alien card, but often are going straight for...
by Athena Paquette | Apr 24, 2016 | Blog, Home Owners, Investors, Realtors
Rates creeped up this week on good economic news. The jobless claims for the week were down 6000 to 247,000. March existing home sales were up 5.1%, yet building permits dropped 7.7&% and housing starts were 8.7% lower. Some would say this is bad news for the...
