by Athena Paquette | Oct 30, 2015 | Blog, Home Owners, Investors, Realtors
Though there wasn’t much “good news” this week, which means we should have seen rates decline, we actually saw rates increase a little on the comments made by the Fed after their FOMC meeting. They had less “dour” language hinting that they may raise rates in...
by Athena Paquette | Oct 30, 2015 | Blog, Home Owners, Investors, Realtors
A retired couple called me asking for a reverse mortgage. They didn’t realize that this is an FHA loan and that their condo complex had to be FHA approved. I explained to him that I would be glad to get his community approved with HUD, but that that could take 45-60...
by Athena Paquette | Oct 9, 2015 | Blog, Home Owners, Investors, Realtors
You cannot use public assistance as income. FALSE! If you or someone you know gets housing assistance such as section 8 or VA housing, you can use this income to qualify. If you have questions about this or any other qualifying questions, feel free to call me. Are you...
by Athena Paquette | Oct 2, 2015 | Blog, Home Owners, Investors, Realtors
Soft economic news brought lower rates… We started the week’s economic data with personal income and spending. Income was up .3% and spending was up .4%. That was not good for mortgage rates, as it showed a pretty good increase in income and people’s spending. This is...
by Athena Paquette | May 11, 2015 | Blog, Realtors
A foreign national cannot get financing. FALSE! Someone who is not a US citizen and does not have a green card, can get a loan. With 35% down, no credit and no US income we can still get them financed. So, if you have a friend, client, or relative who wants to own...