by Athena Paquette | Mar 12, 2016 | Blog, Home Owners, Investors, Realtors
I love helping people find solutions! I had a young man come in to get qualified for a mortgage because he was about to inherit a home. Actually, he had already inherited it, had been living there, but when his mom passed away he was too young, too new on the job and...
by Athena Paquette | Mar 12, 2016 | Blog, Home Owners, Investors, Realtors
You need to have 30% equity in your old home before you can buy a new home and also keep the old home. FALSE! Fannie Mae recently decided to change that requirement. Now as long as we can show market rent, even if you are upside down in equity on the current home, you...
by Athena Paquette | Mar 5, 2016 | Blog, Home Owners, Investors, Realtors
As you know, the first Friday of the month means we got the JOBS report. We added 242,000 jobs to the employees and the unemployment remained at 4.9%. Some say this is not the true number of those actually unemployed, because the number does not include people who...
by Athena Paquette | Mar 5, 2016 | Blog, Home Owners, Investors, Realtors
I love when I can save people $1000s with some good coaching. Of course they have to follow my advice. Last year, Mr. “R” came in for a refi. He had a 4.99% 30 year fixed and had paid in for 1 year. Now he wanted to refi because rates were low. But when I...
by Athena Paquette | Mar 5, 2016 | Blog, Home Owners, Investors, Realtors
Since it’s tax season I am getting a lot of questions about taxes. If you have a tax return that shows $0 income or even a NEGATIVE income, does this mean you cannot buy property? NO. Many of us have tax write-offs that are not used as a negative in analyzing income...
by Athena Paquette | Feb 27, 2016 | Blog, Home Owners, Investors, Realtors
A week of slightly better than expected economic news and yet rates only moved up slightly. On Tuesday, January existing home sales were up stronger than expected (up .4%). Tuesday January New Home sales dropped like a rock by 9.2%, bringing rates back the little...
