Realtors Archives - Page 10 of 35

What is a mortgage?

by Athena Paquette | November 17, 2022 | Blog | 0 Comments

A mortgage is a loan or debt that is secured by real estate. In some states it is also the word used for the lien that is put on the property to secure the debt. Normally this loan is paid back over a specific time , like 30 years or 15 years, until the entire...

How raising the prime rate makes mortgage rates go down

by Athena Paquette | September 26, 2022 | Blog | 0 Comments

I have talked about this before but I think it is worth revisiting after our talk last week about the prime rate. The Federal Reserve raised the Fed Funds rate (often confused with the prime rate) by 0.75% this week.to 1.75% it was 0.25% a year ago. The highest 1-day...

Mortgage Minute – ARMS and HYBRIDS

by Athena Paquette | September 19, 2022 | Blog | 0 Comments

What do you do when mortgage interest rates jump up 2% in 4 months? Don’t go LONG, go SHORT use a HYBRID ARM loan ARM means adjustable-rate mortgage. But some people are not comfortable with the idea that their mortgage payment and that the interest rate will start...

Mortgage Minute – Adjustable rate mortgages or ARMS

by Athena Paquette | September 12, 2022 | Blog | 0 Comments

When rates go up, we usually see a switch over from the 30 year fixed to ARM loans. Why go LONG at a high rate when you can go short at a lower interest rate and get the upfront savings? People do this to help ease the payment shock of rates going up and to help them...

Shrinking Economic Growth [7.29.2016]

by Athena Paquette | Jul 30, 2016 | Blog, Home Owners, Investors, Realtors

The Fed’s meeting this week brought no new news. They decided to leave the base rate, “fed funds rate,” as is at 0.5% (which means the prime rate consumers get is still 3.5%). They say however that the “risks to the economy have diminished,” giving some the impression...

My Class Teaches a Longtime Client to Win Big

by Athena Paquette | Jul 30, 2016 | Blog, Home Owners, Investors, Realtors

After taking my investment class 3 times over 5 years, coming in for one of one coaching, crunching numbers of 10+ properties, making offers on 3 properties, Jim* finally closed escrow on a duplex for $128,000, closing costs of $5000, repairs of $7000 with gross...

No Big News in Rates

by Athena Paquette | Jul 22, 2016 | Blog, Home Owners, Investors, Realtors

No big news means no change in the rates. This was a quiet week for economic news, so rates remain the same. Next week, though, all eyes on the Fed (FOMC) meeting and their announcement Wednesday at 2ET whether they will raise the prime rate, along with their outlook...

She Was So Shocked and Happy by the Good News!

by Athena Paquette | Jul 22, 2016 | Blog, Home Owners, Investors, Realtors

This week I was able to help a client, who has been renting for 2 years, buy the house she is renting. Her landlord was going to put it up for sale but offered it to her first. She thought she couldn’t qualify, and so told her landlord unfortunately she couldn’t take...

Economic News: the Brexit Effect On Rates

by Athena Paquette | Jul 10, 2016 | Blog, Investors, Realtors

While I was away… It was interesting that when I was en route to Ottawa, Canada the news came across that, as I suspected, the Brits decided to leave the EU. As you read in my June 17th economic news, the fallout upsets the investor community, which is typically the...