by Athena Paquette | Oct 30, 2015 | Blog, Home Owners, Investors, Realtors
A retired couple called me asking for a reverse mortgage. They didn’t realize that this is an FHA loan and that their condo complex had to be FHA approved. I explained to him that I would be glad to get his community approved with HUD, but that that could take 45-60...
by Athena Paquette | Oct 30, 2015 | Blog, Home Owners, Investors, Realtors
Is it true that when if you get an Owner-Occupied Loan, you have to refinance when you move out? NO! Believe or not I have had a few clients think that this is the case. When you sign loan documents, the NOTE and the DEED of TRUST are the 2 contracts that you sign....
by Athena Paquette | Oct 23, 2015 | Blog, Home Owners, Investors, Realtors
Mostly a quiet week in the bond market as all eyes were on China and Europe. China lowered their interest rates this week to try and stimulate their economy (the 2nd largest in the world), and the European Central bank (like our Fed) gave indications that they would...
by Athena Paquette | Oct 23, 2015 | Blog, Home Owners, Investors, Realtors
A doctor, yes an MD, who works for the County of LA as a surgeon, wanted to buy the condo he was living in. His rent was $2800, and he decided before rates go up, he should move. So in May he made an offer and deposited his $40,000 as earnest money. His offer of...
by Athena Paquette | Oct 23, 2015 | Blog, Home Owners, Investors, Realtors
There are certain fees that the seller must pay in FHA and VA loans. FALSE! A realtor who has a long history selling homes in the South Bay asked me this week what their seller “has to pay” for the buyer. Her seller does not want to pay and they got an offer from a...
by Athena Paquette | Oct 16, 2015 | Blog, Home Owners, Investors, Realtors
This week showed us that prices are not going up, and therefore the threat of inflation is not there. The PPI was down .5% and down 1.1% since a year ago. The CPI was down .2% from August and flat from a year ago. This means that the price consumers are paying is the...
