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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How to Purchase Investment Property for Beginners

Sep 4, 2016 | Featured, Investors, Realtors

There's Still Time! Join me for "How to Purchase Investment Property" 3-Hour Intensive Workshop September 29th, 2016 Why depend on your employer to flip the bill for your retirement when you can start a Real estate investment business. I am happy that I no longer have...

Rates Inch Up

Aug 26, 2016 | Blog, Home Owners, Investors, Realtors

This week saw rates inch up a little on the rumor, then some words from Fed Chairman Janet Yellen indicating the US economy may be firming up enough to withstand an increase of the Fed Funds rate. So what news backed this up? The first big news was that New Homes...

A Couple Was Able to Stay in Their Home

Aug 26, 2016 | Blog, Home Owners, Investors, Realtors

When one bank says no another says yes. This week we had the very bad news that if one of our investors pulls credit after we pull credit, they are the only ones. And because of this, our client’s credit score went from qualifying at 724 mid score to no longer...

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