savings 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...

No Tax Returns Loan Program—Outside the Box, and Outside Dodd Frank!

by Athena Paquette | Nov 13, 2016 | Blog, Home Owners, Investors, Realtors

Do you know that you can get a home loan based on just the balance in your bank account? TRUE! Makes so much sense! We have a program where you get a mortgage equal to the amount in your savings, and there is no requirement to put the money in any particular bank or...

This Weeks Win! 10/2/15

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...

This Weeks Win: 9-25-15

by Athena Paquette | Sep 25, 2015 | Blog, Home Owners, Investors, Realtors

Veteran who has been trying to refi for 4 months comes to a class for veterans and gets a great rate in 3 weeks! He said that he had been overwhelmed with paperwork by a lender in San Diego. The lender had taken his loan application in June and was still “working on...

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Become a Smarter Investor

Glossary of Terms

Loan checklist

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

Introduction

Just the facts

No Tax Returns Loan Program—Outside the Box, and Outside Dodd Frank!

This Weeks Win! 10/2/15

This Weeks Win: 9-25-15

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