by Athena Paquette | Jan 7, 2017 | Blog, Home Owners, Investors, Realtors
My brother just sold his home after 2 buyers backed out because of not getting financing. How can this be, since they were pre-approved? Annie Great questions! Its hard to guess why this would happen twice – once burnt and all that, but the main reason people can’t...
by Athena Paquette | Dec 3, 2016 | Blog, Home Owners, Investors, Realtors
It was a busy week in economic news, and the rates show it. Tuesday we got a revised GDP for October up to 5.3% from 2.9% – wow did the US start producing or what? Such a big jump was not “mortgage interest rate friendly”. Wednesday the ADP payroll number came...
by Athena Paquette | Dec 3, 2016 | Blog, Home Owners, Investors, Realtors
Client applied for a loan with 593, 615 and 633 credit scores. In lending we use the middle of the three. With that rate the only loan I could find for $952,000 was a rate of 5.99% for a 7/1 ARM (meaning fixed rate that turns into adjustable) – yes with 30% down...
by Athena Paquette | Nov 19, 2016 | Blog, Home Owners, Investors, Realtors
This week continued the bond market rally of last week, leaving bonds in the dust. The more people saw the shiny stock market, the more dull those bonds looked. When no one buys bonds they have to offer higher and higher prices to attract investors to the bonds....
by Athena Paquette | Nov 19, 2016 | Blog, Home Owners, Investors, Realtors
I want to put 10% down on a new home but don’t want to pay PMI. Is there a way to do that? Yes indeed there is! There are 2 ways and half way. The first way is to get 2 loans = 1 loan that is 8% of the price of the home and the other 10%; because the first mortgage is...
by Athena Paquette | Nov 13, 2016 | Blog, Home Owners, Investors, Realtors
Do you know that you can get a home loan based on just the balance in your bank account? TRUE! Makes so much sense! We have a program where you get a mortgage equal to the amount in your savings, and there is no requirement to put the money in any particular bank or...
