by Athena Paquette | Oct 4, 2014 | Blog, Investors
Weekend Rate Sheet Your buyer’s interest rates can be locked in over the weekend, so if you have a client who is close to having an accepted offer and is nervous about rates we can lock that interest rate in. Remember, we also have the float down: if rates improve...
by Athena Paquette | Sep 26, 2014 | Blog, Home Owners, Investors
Economic news: Historically, rates come down the first week of October, so we will see if they behave historically next week with the big numbers on Wednesday,Thursday and Friday. But even this week leading up to the BIG week, was busy on the economic news front. We...
by Athena Paquette | Sep 10, 2014 | Blog, Home Buyers, Home Owners, Investors, Realtors
A buyer with less than 20% down HAS to pay PMI. FALSE. In fact, there are 4 ways to pay PMI and 2 of them are not monthly. Here’s how: On a $400,000 loan on a condo with 5% down, you might have to pay $300 per month for PMI. However, to avoid that monthly fee,...
by Athena Paquette | Sep 6, 2014 | Blog, Investors
Economic news: The first Friday of the month we always get the previous month’s employment data. The Federal Reserve is putting a lot of weight on this data in their assessment of the overall economy. Think of it this way: if they don’t feel the employment numbers are...
by Athena Paquette | Aug 11, 2014 | Blog, Investors
FALSE! With homebuyers feeling confident about the real estate market again, they are wanting to “move up”. Problem is, money. So they think they can do FHA 3.5% down. RIGHT. But they already have an FHA loan. WHAT to DO? Well, if their family has grown, or they are...
by Athena Paquette | Jul 26, 2014 | Blog, Home Buyers, Investors, Realtors
The SSA recently announced that they will no longer issue printouts confirming your social security number. When we finance an FHA or VA loan, we will now need a copy of your social security card. We used to be able to take a printout stamped and signed by an SSA...
