by Athena Paquette | Apr 24, 2016 | Blog, Home Owners, Investors, Realtors
A client referred by his CPA calls because he found out that his IRS tax from 2009-2011 that was delinquent, but on hold, was now due. The IRS was going to force the sale of the home if they didn’t come up with the money, $345,000. This couple had owned a business...
by Athena Paquette | Apr 24, 2016 | Blog, Home Owners, Investors, Realtors
Paying PMI is bad. I had a new client come in for a pre-approval the other day and say that PMI is bad and he only wants loans where he doesn’t pay PMI. I asked him why, and he said because you can’t write it off and it’s a waste of money. So I gave him the option of...
by Athena Paquette | Apr 9, 2016 | Blog, Home Owners, Investors, Realtors
Not a lot of news this week, but interest rates slid down .125% in most categories. Jobless claims for the week were down a bit, and the ISM came in with a strong number. That didn’t move the markets, so we are in wait and see mode.
by Athena Paquette | Apr 9, 2016 | Blog, Home Owners, Investors, Realtors
Client who was referred by 2 different people at work called me after 1 year of fixing his credit. I had given him 6 items to work on, on 3/3/15. This week he called and said he thought he was ready. His 548 middle credit score from last year is now 698; in fact 1...
by Athena Paquette | Apr 9, 2016 | Blog, Home Owners, Investors, Realtors
If you have less than 20% down, you have to pay PMI. FALSE. There are 2 ways to avoid PMI. One is to do what we called tandem financing or a “piggyback loan.” The first bigger loan is 80% of the price of the home, as if you have 20% down. Then we give you a second...
by Athena Paquette | Apr 2, 2016 | Blog, Home Owners, Investors, Realtors
This week’s economic news was fairly bland and therefore rates stayed the same. The biggest news of the month is usually the jobs report. The consensus was that the non-farm payroll numbers would be 200,000 and the number came in at 215,000. Average hourly earnings...
