by Athena Paquette | Sep 18, 2016 | Blog, Home Owners, Investors, Realtors
Veteran finalizes refi on a NO COST loan after finishing a BK. I am so happy for this client! He has been a client since 1999. He owned a business that he sold, but because he was the original signer on the lease, he was responsible for the entire commercial lease...
by Athena Paquette | Nov 20, 2015 | Blog, Home Owners, Investors, Realtors
Clients who bought their home in 2005 for $580,000 and saw the value drop to $350,000 have finally seen their neighbor this month sell for $600,000. Yes they now can refi their 0 down loan from 2005. They still have a 6.1% interest only loan, and have not paid extra;...
by Athena Paquette | Aug 21, 2015 | Blog, Home Owners, Investors, Realtors
You pay tax on the cash out on a refi. FALSE! I recently was reminded by a client that there is a common misconception out there that the cash out you get when you refinance is taxable. This is not true. The tax on any property’s gain (capital gain or the amount above...
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....
