employment Archives - Athena Paquette

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...

Sounded Like Good News, Turned Out It Wasn’t

by Athena Paquette | Oct 29, 2016 | Blog, Home Owners, Investors, Realtors

This week was a fairly quiet week with Friday being the big number day. The 3rd quarter GDP was announced, and it came out very strong (in comparison to recent history not US history). At 2.9% growth, our economy grew at two times the pace of the 2nd quarter, mostly...

Can College Graduates Get a Loan?

by Athena Paquette | Jan 9, 2016 | Blog, Home Owners, Investors, Realtors

You have to have 2 years employment to get a loan. FALSE! I was reminded of this today when a realtor asked me if their client who had just graduated from their Bachelor’s degree last June could buy a home, or if they have to wait until 2017. I told her YES, that this...

Jobs on the Horizon

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...

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What is a mortgage?

How raising the prime rate makes mortgage rates go down

Mortgage Minute – ARMS and HYBRIDS

Mortgage Minute – Adjustable rate mortgages or ARMS

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Just the facts

Sounded Like Good News, Turned Out It Wasn’t

Can College Graduates Get a Loan?

Jobs on the Horizon

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