by Athena Paquette | Feb 27, 2016 | Blog, Home Owners, Investors, Realtors
My client who was referred by his accountant came in to see about a refi. He showed me his payment coupon and it said he had 3.625%. I asked him if was wanting cash out; he said no. So I asked him why he wanted to refinance when he has a good rate. He said that 4...
by Athena Paquette | Feb 27, 2016 | Blog, Home Owners, Investors, Realtors
No credit, no loan. FALSE! I had a client who was referred by their Realtor, whom I have never met and works in the valley. The client told me that they had been turned down because they have no credit score. The banks claimed that because there was no credit score,...
by Athena Paquette | Feb 19, 2016 | Blog, Home Owners, Investors, Realtors
It was a quiet week in economic news this week. Today, Friday, we got the news the that CPI was unchanged. It’s been a long time since I have seen that. The Core number, though, was up stronger than expected. Thursday the weekly jobless claims went 7000 to 275,000....
by Athena Paquette | Feb 19, 2016 | Blog, Home Owners, Investors, Realtors
Last year Mike was turned down for a loan because he wrote off too many expenses on his tax return. He also had had 3 months off because of an injury, and as a union worker did not get paid for that time off. He could have lowered the interest rate from 4.99% to 3.99...
by Athena Paquette | Feb 19, 2016 | Blog, Home Owners, Investors, Realtors
FALSE! At times Fannie Mae and Freddie Mac’s automated underwriting system (DU and LP) will calculate that a borrower has good enough credit or enough equity or enough cash reserves where they find this borrower is low risk and therefore only needs to present 1 tax...
by Athena Paquette | Jan 30, 2016 | Blog, Home Owners, Investors, Realtors
Another rocky week in the markets gave us more downside to the stock market and see-saw action in the fixed rates. The biggest news was that the Federal Reserve decided to leave rates as is, or in other words not raise them again, given the world economy’s weakness....
