by Athena Paquette | Oct 16, 2015 | Blog, Home Owners, Investors, Realtors
Newly divorced woman gets approved for a loan to pay out ex-husband, allowing her son to continue to live in the house he grew up in! While any change in familial status is hard on both parties, it is hardest for the children. In this case, the woman stepped up,...
by Athena Paquette | Oct 16, 2015 | Blog, Home Owners, Investors, Realtors
If I take cash out of my property I will owe income tax on it. False! You can refinance your home or a rental and take cash out above and beyond the amount you owe now. Use it to repair your house, use it to invest in another property, or take a well-earned vacation....
by Athena Paquette | Oct 9, 2015 | Blog, Home Owners, Investors, Realtors
It was a quiet week this week in economic news. Next week will bring us the PPI, retail sales for September and CPI which are all 3 indicators of whether there are inflationary pressures. All expectations are that this will be a flat number. This is bad news as a...
by Athena Paquette | Oct 9, 2015 | Blog, Home Owners, Investors, Realtors
A client came in the other day and thought he had to pay cash for a rental property he wanted to buy. When I asked him why he was paying cash with the interest rates so low, he said that the bank with the wagon wheel told him, a veteran on disability with great...
by Athena Paquette | Oct 9, 2015 | Blog, Home Owners, Investors, Realtors
You cannot use public assistance as income. FALSE! If you or someone you know gets housing assistance such as section 8 or VA housing, you can use this income to qualify. If you have questions about this or any other qualifying questions, feel free to call me. Are you...
by Athena Paquette | Oct 2, 2015 | Blog, Home Owners, Investors, Realtors
Soft economic news brought lower rates… We started the week’s economic data with personal income and spending. Income was up .3% and spending was up .4%. That was not good for mortgage rates, as it showed a pretty good increase in income and people’s spending. This is...
