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...

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Success Story: She Didn’t Qualify. Then This Happened…

Mar 10, 2019 | Blog

Imagine your lease is up. You want to buy units in a high-priced area, live in one of the units for free, but you only have $50,000 to invest. What do you do? This was the call I got on a Friday at 4pm. A Realtor I have been working with for over 10 years, had a...

Success Story: Is the Perfect Home a Bridge too Far?

Mar 3, 2019 | Blog

What do you do if suddenly, the perfect house comes up for sale and you weren’t even thinking of buying a new home? You tried but had given up. Problem and Road Blocks: Your current home is “lived in” and you haven’t talked to your Realtor® about...

Success Story: A Family that Invests Together Stays Together

Feb 24, 2019 | Blog

Five years ago, a newly married couple came in to get a loan for their first home. I was thrilled because I had been working with the bride’s mother, and aunt for nearly 20 years. Today, this same couple has two kids and careers that are humming along. To add to...

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