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...

Thanks for Subscribing

We’re thrilled to have you join our community. Stay tuned for the very latest in industry trends, investment advice and much more.

Recent Additions

Can You Buy a Home if You Owe the IRS?

May 29, 2016 | Home Buyers, Investors, Realtors

True of False: You cannot buy a home if you owe the IRS. Oddly enough, I get this question a lot. FALSE. Don’t let the IRS stop you. You can buy a home if you owe the IRS and are on a payment plan. I had a client who owed the IRS tax money back in 2009, and it was...

1 Minute Webinar: The Seller Rent Back

May 24, 2016 | Home Buyers, Home Owners, Realtors

Enjoy!

This Week on Fed Watch

May 22, 2016 | Blog, Home Owners, Investors, Realtors

This week we were on Fed Watch. The Federal Reserve Board met and decided not raise the fed funds rate. A relief to some, a disappointment to others. Some are concerned that if they wait too long, the inflation will have kicked in and then we are chasing it instead or...

« Older Entries

Next Entries »

Payment calculator

Become a Smarter Investor

Glossary of Terms

Loan checklist

What is a mortgage?