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 19, 2014 | Realtors
True or False: All repair work has to be done before the close of escrow? False! Depending on the type of loan your client has qualified for, it is possible to do repair work after the close of escrow. For Conventional loans (Fannie Mae and Freddie Mac), and...
by Athena Paquette | May 13, 2014 | Realtors
Do you need a clear termite report to close escrow? NO. Termite reports and clearance are not a condition required by Fannie Mae or Freddie Mac. Some banks require it because it makes them more comfortable. Beware of anyone who says your seller or buyer HAS to...
by Athena Paquette | Jun 18, 2013 | Blog, Home Buyers, Investors
When trying to get the lowest down payment and the best loan rate, you’ll hear a lot about Fannie Mae, Freddie Mac, and FHA loans. However, people are often confused about these loan types. Myth #1: FHA loans are only for low income people: Not true! A FHA or...
