by Athena Paquette | Jan 9, 2016 | Blog, Home Owners, Investors, Realtors
After waiting 3 months for a loan, a local woman puts a message out on Facebook about finding a good lender. My assistant is friends with her and responded right away that she works for the “smartest lender ever in her 35 year in the business.” Ah, shucks. … This...
by Athena Paquette | Jan 9, 2016 | Blog, Home Owners, Investors, Realtors
You have to have 2 years employment to get a loan. FALSE! I was reminded of this today when a realtor asked me if their client who had just graduated from their Bachelor’s degree last June could buy a home, or if they have to wait until 2017. I told her YES, that this...
by Athena Paquette | Dec 19, 2015 | Blog, Home Owners, Investors, Realtors
Not much happened except the Federal Reserve Open Market Committee finally decided to raise the prime rate by 0.25% – since the markets had been guessing all year as to when this would happen, “now-howbout-now, howbout-now, howboutnow” becomes ok, ….now. Long...
by Athena Paquette | Dec 19, 2015 | Blog, Home Owners, Investors, Realtors
Finished out Level 1 class for investors and had our first student get an offer accepted on a triplex with $30,000 down and $500 per month in cash flow. If you are worried about the stock market, start learning about real estate investing. I am always so happy when...
by Athena Paquette | Dec 19, 2015 | Blog, Home Owners, Investors, Realtors
FALSE! My experience in the last 25 years is that when they raise the prime rate, markets react with a sign of relief, and therefore, at least temporarily, the fixed rates go down. Also it should be noted that when the prime rate goes up, corporations’ debt service...
by Athena Paquette | Nov 20, 2015 | Blog, Home Owners, Investors, Realtors
It was a quiet week in economic news. The biggest news was the “watching” of the Federal Reserve. The long awaited (not) meeting minutes of the FOMC meeting had stronger language, hinting at a rate hike in December. The meeting will be held December 16th. The other...
