Category Archives: a and n mortgage

A and N Tips: Rock That Tax Return!

Smart Ways to Spend Your Tax Refund Consider using your tax return to maximize your future financial situation Refi to a Lower Rate By refinancing to a fixed and/or lower interest rate, you can improve your mortgage savings and your … Continue reading

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Does a Property Need to have Appliances?

  Credit: Michelle Meiklejohn Habitable Condition:  Property must be in a condition that is immediately habitable and must contain: • At least one fully functional bathroom (i.e., shower/tub, toilet, and hand sink). • Other bathroom(s), if not functional, must be … Continue reading

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The FHA Mortgage Insurance Premium

FHA mortgage insurance is similar to the private mortgage insurance (PMI) required for conventional mortgages with down payments below 20%, but key differences exist: Up-front Fees: 1% up-front fee due at closing. Rate: For fixed rate loans, there is an … Continue reading

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