Liza Pauquette: Fidelity Bank NMLS# 1071914

Liza Pauquette: Fidelity Bank NMLS# 1071914 Providing you with exceptional customer service and rates for all residential mortgage transactions. Liza NMLS MLO #1071914

Liza Pauquette and the professional team at Fidelity Bank, will ensure that your home financing is handled expertly from pre-approval to closing and beyond.

Government-Backed Mortgage Loans: What You Need to KnowIf you’re looking to buy a home but need financial assistance, a ...
03/14/2025

Government-Backed Mortgage Loans: What You Need to Know

If you’re looking to buy a home but need financial assistance, a government-backed mortgage loan could be a great option. These loans are designed to make homeownership more accessible, often featuring lower down payments, reduced interest rates, and more flexible credit requirements.

Here are three common types of government mortgage loans:

1️⃣ FHA Loans – Backed by the Federal Housing Administration, these loans are great for first-time buyers and those with lower credit scores. You may qualify with as little as 3.5% down.

2️⃣ VA Loans – Available to veterans, active-duty military, and eligible spouses, VA loans offer zero down payment and no private mortgage insurance (PMI).

3️⃣ USDA Loans – Designed for rural and suburban homebuyers, USDA loans also offer zero down payment and low-interest rates for eligible applicants.

Benefits of Government-Backed Loans:

✅ Lower down payment requirements
✅ More flexible credit score qualifications
✅ Competitive interest rates
✅ Government protection for lenders, increasing loan approval chances

Are you considering a government-backed mortgage? Contact me to find the best fit for your financial situation!

🏡 First-Time Homebuyer Programs: What You Need to Know! 🏡Thinking about buying your first home? There are programs desig...
03/06/2025

🏡 First-Time Homebuyer Programs: What You Need to Know! 🏡

Thinking about buying your first home? There are programs designed to make homeownership more affordable! Here’s how they can help:

✅ Lower Down Payments – Some programs allow as little as 3% down, making homeownership more accessible.
✅ MassHousing Loans – Offers down payment assistance, and MI Plus® mortgage insurance, which helps cover mortgage payments if you lose your job.
✅ Down Payment Assistance (DPA) – Grants or low-interest loans can help cover your down payment and closing costs.
✅ Forgivable Loans – Some assistance programs don’t require repayment if you stay in the home for a certain period.

Not sure where to start? Contact me to help you find the best program for your needs!

💬 Drop a comment if you have questions or DM me to chat about your homeownership goals!

Make your dream of purchasing a home a little easier with our Rate Rescue program!
02/26/2025

Make your dream of purchasing a home a little easier with our Rate Rescue program!

Equity in Mortgages: What You Need to Know:What Is Home Equity?Home equity is the portion of your home that you truly ow...
02/20/2025

Equity in Mortgages: What You Need to Know:

What Is Home Equity?
Home equity is the portion of your home that you truly own—the difference between your home’s market value and what you still owe on your mortgage.

How to Build Equity:
✅ Make Mortgage Payments – Each payment reduces your loan balance and increases your ownership.
✅ Home Value Appreciation – If your home’s value rises, your equity grows.
✅ Home Improvements – Upgrades can boost value and increase equity.
✅ Larger Down Payment – A higher upfront payment means more equity from the start.

Using Your Home Equity:
🔹 Home Equity Loan – Borrow a lump sum using your equity as collateral.
🔹 HELOC (Home Equity Line of Credit) – Access funds as needed, similar to a credit card.
🔹 Cash-Out Refinance – Replace your mortgage with a new loan for more than you owe and take the difference in cash.

Why Equity Matters:
✔ Financial security
✔ Emergency funding source
✔ Helps with wealth-building

Have questions about the best way to use your home equity? Contact me to discuss!

Planning on building your dream home??? Check out our construction loan! Contact me to learn more.
02/14/2025

Planning on building your dream home??? Check out our construction loan! Contact me to learn more.

Understanding Debt-to-Income Ratios for MortgagesWhen applying for a mortgage, lenders use a key financial metric called...
02/12/2025

Understanding Debt-to-Income Ratios for Mortgages

When applying for a mortgage, lenders use a key financial metric called the debt-to-income ratio (DTI) to determine your ability to repay the loan.

What is DTI?

DTI is the percentage of your gross monthly income that goes toward paying your monthly debts. It helps lenders assess financial risk—lower DTI ratios indicate better financial stability, making it easier to qualify for a mortgage.

How is DTI Calculated?

There are two types of DTI:

1. Front-End Ratio (Housing Ratio)
• This is the percentage of your gross monthly income that goes toward housing costs (mortgage payment, property taxes, homeowners insurance, HOA fees).

• Example: If your gross income is $5,000/month and your total mortgage payment is $1,500, your front-end DTI is 30% ($1,500 ÷ $5,000).

2. Back-End Ratio (Total DTI)

• This includes all monthly debt payments (housing costs + car loans, credit cards, student loans, etc.).

• Example: If your total monthly debt payments (including the $1,500 mortgage) add up to $2,000, your back-end DTI is 40% ($2,000 ÷ $5,000).

What DTI Do You Need to Qualify?

• It varies based on the type of loan, but the average range is 43% - 50% for Back-End Ratios.

How to Improve Your DTI
• Pay down existing debts before applying for a mortgage.
• Increase your income to lower the ratio.
• Avoid taking on new debt (like car loans) before getting approved.

Lenders view a lower DTI as less risky, increasing your chances of securing a mortgage with favorable terms. Before applying, calculate your DTI and take steps to improve it if needed!

Need help figuring out your mortgage eligibility? Drop your questions below!

Such a great program we are excited to offer! Message me for details and to see if this will be a good fit for you.
02/07/2025

Such a great program we are excited to offer! Message me for details and to see if this will be a good fit for you.

🏡 What Is a Conventional Loan? 🏡If you’re looking to buy a home, you’ve probably heard the term conventional loan. But w...
02/05/2025

🏡 What Is a Conventional Loan? 🏡

If you’re looking to buy a home, you’ve probably heard the term conventional loan. But what does it mean? 🤔

A conventional loan is a mortgage that’s not backed by a government agency like the FHA, VA, or USDA. Instead, it’s offered by private lenders, such as banks and credit unions. These loans typically require:

✅ A credit score of 620 or higher
✅ A down payment of as little as 3% (but 20% avoids PMI)
✅ A debt-to-income ratio (DTI) under 50%
✅ Private Mortgage Insurance (PMI) if your down payment is less than 20%

Because conventional loans follow guidelines set by Fannie Mae and Freddie Mac, they’re a popular choice for homebuyers looking for flexibility and competitive interest rates.

💰 2025 Conforming Loan Limits:
🏠 Standard Areas: $806,500 for a one-unit home
🏠 High-Cost Areas: Up to $1,209,750 in certain markets

If you’re looking to buy a home, a conventional loan might be the perfect fit for you! Let’s talk about your options. 🏠💰

If you’re shopping for a mortgage, you may hear the term “basis point” (often abbreviated as “bps”). A basis point is si...
01/10/2025

If you’re shopping for a mortgage, you may hear the term “basis point” (often abbreviated as “bps”). A basis point is simply a way to measure changes in interest rates. One basis point equals 0.01%.

For example:
• If a lender offers a rate of 6.00% and it drops by 25 basis points, the new rate would be 5.75%.
• If it increases by 50 basis points, the new rate would be 6.50%.

Understanding basis points is important because even small changes in rates can significantly impact your monthly payments and the overall cost of your mortgage.

If you’re exploring mortgage options, feel free to reach out—I’d be happy to answer your questions and guide you through the process!

𝐓𝐡𝐞 𝐀𝐁𝐂𝐬 𝐨𝐟 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞𝐬...APR stands for Annual Percentage Rate. It differs from your interest rate in that your interest ...
12/13/2024

𝐓𝐡𝐞 𝐀𝐁𝐂𝐬 𝐨𝐟 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞𝐬...

APR stands for Annual Percentage Rate.

It differs from your interest rate in that your interest rate indicates how much interest you’ll pay for the amount you borrowered. While the APR is the interest rate PLUS additional fees and points. It indicates the total costs of your loan.

When rate shopping, it is important to also look at what the APR is, as it is a better snapshot of the loan’s true costs.

Any questions? Happy to help!

Congratulations to my client who closed on their very first home! Enjoy all the memories to made! It’s always such a ple...
12/05/2024

Congratulations to my client who closed on their very first home! Enjoy all the memories to made! It’s always such a pleasure helping first time homebuyer’s make home ownership a reality.

Congratulations to my client who closed on their new beautiful home. Enjoy all the memories to be made!
11/26/2024

Congratulations to my client who closed on their new beautiful home. Enjoy all the memories to be made!

Address

9 Leominster Connector
Leominster, MA
01453

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm
Saturday 8am - 11pm
Sunday 8am - 11pm

Telephone

+19788708154

Website

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