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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True or False: When you are self-employed it’s hard to get a loan

Mar 26, 2017 | Blog, Featured, Home Owners, Investors

True or False: When you are self-employed it’s hard to get a loan? FALSE! If you’re self-employed you’re going to LOVE this Client Success Story. This long time client watched her property go up in value in 2005, then, during the mortgage meltdown of 2008 her house...

“Quote of the Week”

Mar 18, 2017 | Blog, Home Buyers, Home Owners, Investors, Quote of the Week, Realtors

“Don’t Step over dollars to pick up pennies.” ~ Author unknown. Sometimes we do activities in our day or life where there is a very low payout for the activity (emotional or monetary), missing the opportunities for the greater payout. Do you find yourself going to 4...

Mortgage Late Payments – Not Their Fault! How I fixed it!

Mar 18, 2017 | Blog, Home Buyers, Home Owners, Realtors

Client has 2 mortgage late payments and credit score goes down 100 points. But Athena, I wasn’t late! Imagine my client’s shock when they found out that 2 of their rental property loans were 30 days past due, yet they have the loan on auto-pay. Yes, it’s true. What...

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