by Athena Paquette | Mar 12, 2016 | Blog, Home Owners, Investors, Realtors
You need to have 30% equity in your old home before you can buy a new home and also keep the old home. FALSE! Fannie Mae recently decided to change that requirement. Now as long as we can show market rent, even if you are upside down in equity on the current home, you...
by Athena Paquette | Nov 6, 2015 | Blog, Home Owners, Investors, Realtors
You cannot finance land. FALSE! There are financing options for land, though they require more equity (or down payment). I had a client this week who has 20 acres of land with a house and utility buildings on it. This is typically not a Fannie Mae or Freddie Mac loan,...
by Athena Paquette | Jan 20, 2015 | Blog, Home Buyers, Investors, Realtors
FALSE! Yes! You can refinance with just 10% equity, in some cases 5% equity with no monthly PMI. There are 4 ways to avoid PMI. Do our famous piggy-back loan where we give you one loan up to 80% of the value of the home and the rest on a second, or piggy back, loan....
