by Athena Paquette | May 29, 2016 | Home Buyers, Investors, Realtors
True of False: You cannot buy a home if you owe the IRS. Oddly enough, I get this question a lot. FALSE. Don’t let the IRS stop you. You can buy a home if you owe the IRS and are on a payment plan. I had a client who owed the IRS tax money back in 2009, and it was...
by Athena Paquette | May 22, 2016 | Blog, Home Owners, Investors, Realtors
This week we were on Fed Watch. The Federal Reserve Board met and decided not raise the fed funds rate. A relief to some, a disappointment to others. Some are concerned that if they wait too long, the inflation will have kicked in and then we are chasing it instead or...
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...
