Category Archives: commercial loan

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

Posted in "habitable condition", a and n mortgage, appliances, commercial loan, homebuyer, property tax | 1 Comment

New Amendment: Illinois Landlord & Tenant Act

 Effective January 1, 2012  For A and N Realtors, Investors, and Landlords: An amendment has recently passed to the Illinois Landlord and Tenant Act which creates a new Section 765 ILCS705/15 “Changing or rekeying of the dwelling unit lock.” This … Continue reading

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I have been receiving a lot of questions about FHA Mortgage Insurance Premium, Here are Some Answers

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

Posted in a and n mortgage, Chicago, commercial loan, conventional mortgage, credit history, down payment, FHA, fixed rate loan, lending, MIP, pmi, PMI premiums, refinance | Comments Off on I have been receiving a lot of questions about FHA Mortgage Insurance Premium, Here are Some Answers

A and N’s Home Buyer Tips: Get the Best Refinance Rates

Improve Credit – If you’re a homeowner with great credit and plenty of equity, odds are those lower rates are within your reach. But if your score is less than desirable, work at improving it by paying all of your bills … Continue reading

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Is Mortgage Fraud on the rise even with the new Fannie Mae requirements for QC?

While commercial loan origination and median home prices have been trending downwards, mortgage and property fraud rates have been steadily increasing, up 75% from pre-recession peaks. According to the CoreLogic Fraud Index, $12 billion worth of originated loans were found … Continue reading

Posted in commercial loan, CoreLogic, Fannie Mae, home loan, Homeowners exemption, mortgage, mortgage fraud, real estate, SAR | Comments Off on Is Mortgage Fraud on the rise even with the new Fannie Mae requirements for QC?