by Athena Paquette | Jan 29, 2017 | Blog, Home Owners, Investors
I own a home, but I want to buy units to invest for retirement income. Can I put 3.5% down? Great question Derek! That’s a great idea to create cash flow for your retirement! Unfortunately, when you already own a home your live in, you are not eligible for the FHA...
by Athena Paquette | Aug 12, 2016 | Blog, Home Owners, Investors, Realtors
It was a week of some good and some bad news for the economy, with investors mixed reactions. Tuesday we got the Q2 productivity numbers: DOWN 0.5%; our Unit Labor Costs were up 2% (costs being up indicates possible inflation). Friday we got July’s Retail Sales...
by Athena Paquette | May 20, 2016 | Blog, Featured
Fannie Mae has changed the underwriting guidelines for investors who own more the 4 financed properties. The big changes are in bold and I have described the difference with an example of the difference in calculation. A financed property has been redefined as a...
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 | Sep 5, 2015 | Blog, Home Owners, Investors, Realtors
She tried to do the right thing and got turned down. I had a client come in to refinance after her friend had been telling her to do this for 2 years. She had been turned down by 2 big banks for the same reason… Ms. Conscientious Client (name changed to protect the...