by Athena Paquette | Feb 4, 2017 | Blog, Home Owners, Investors, Realtors
Lots of news; not much movement. On Monday, the December personal income number came out 0.3% higher and spending was up 0.5% – not really interest- rate moving, but ironic that we earn 0.3% more and spend 0.5% more. Then Wednesday, the Institute of Supply...
by Athena Paquette | Oct 2, 2015 | Blog, Home Owners, Investors, Realtors
Client who bought a home in 2005 finally gets to drop their interest rate from 6.5% down to 3.625%, 30 year fixed. This client bought this home in north Torrance on a 0 down in 2005 for $525,000. Property values went down shortly after that, leaving them with a 5 year...
by Athena Paquette | Apr 18, 2014 | Blog, Realtors
Myth Buster of the week: You need your own savings to buy a home. Not true! Both FHA and FNMA allow for an all gift down payment. FNMA allows 5% up to $417,000. FHA allows it all the way to the max $625,500 (even on duplexes, however not on 3 and 4 units). So if your...
by Athena Paquette | Dec 13, 2013 | Blog, Home Buyers, Investors
How is it that a couple who is paying $2,600 a month in rent could only qualify for a $280,000 loan? They went to a bank first. True story; after being told that they couldn’t qualify to buy the home they really wanted, they came to see me. After a thorough review of...
by Athena Paquette | Jun 18, 2013 | Blog, Home Buyers, Investors
Getting a loan is all about “proving” that you are a trustworthy and reliable borrower; that the bank will most likely receive your monthly payment on time. To help increase your chances of getting a loan and at a good rate, I’ve put together list of Do’s and Don’ts....
