Interest Rate Stays the Same - 01/31/07 05:44 PM
 
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Recent indicators have suggested somewhat firmer economic growth, and some tentative signs of stabilization have appeared in the housing market. Overall, the economy seems likely to expand at a moderate pace over … (0 comments)

Broken ARM? NegAMs explained - 01/03/07 08:54 PM

My last blog post was on adjustable rate mortgages, or ARMs.  If there's one type of ARM that is receiving scrutiny right now, it's the Deferred Interest ARM, aka Negative Amortization, NegAM, Pick-a-Payment, OptionARM, PayOption...
This is one of the most popular home loans, but it's not well understood.  When you hear … (3 comments)

 
Loan Officer: Hemet Home Loan Guy, Joey Aszterbaum (Patrion Mortgage)
Hemet Home Loan Guy, Joey Aszterbaum
Hemet, CA
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Patrion Mortgage

Office Phone: (951) 571-5751
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Hemet Mortgage and Real Estate Blog: buy or refinance, credit, things to do in Hemet, Realtor sales training and misc stuff from the Hemet Home Loan Guy a member of the Active Rain social network since 11/06.

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