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...
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...
