Category Archives: lending

A and N Mortgage Homeowner Tips: Making the Most of Your Yard This Summer

Whether it’s cooking on the grill, planting a garden, or simply relaxing in a hammock under a tree, homeowner’s love their yards. Here are some tips to help you get the most out of the great outdoors.   Outdoor Kitchen … Continue reading

Posted in a and n mortgage, anmtg, buyer, chicago lending, homeowner, lending, summer grilling | 1 Comment

Renovation Lending Aids the Property Search Given Available Inventory

One problem facing buyers in the current market is the lack of available inventory. Sellers continue to bide their time. However, buyers do not need to miss out on low interest rates or the ability to purchase in their target … Continue reading

Posted in "habitable condition", 'A & N Mortgage', 'down payment' loan, 'financial tips', 'Home equity' loans, a and n mortgage, conventional mortgage, lending, mortgage, rehab, renovation loan | Comments Off on Renovation Lending Aids the Property Search Given Available Inventory

TaxSmart Mortgage Credit Certificate Program

TaxSmart is a Mortgage Credit Certificate (MCC) program that provides a federal income tax credit to qualified homebuyers. A tax credit is a direct reduction of taxes due. Under the program, a homebuyer would receive a MCC to reduce income … Continue reading

Posted in borrowing, chicago lender, condominium, conventional mortgage, first time homebuyer, homebuying, interest rates, lending, mortgage, mortgage credit certificate, Purchase price, taxsmart | Comments Off on TaxSmart Mortgage Credit Certificate Program

Borrowing Against Your Home May have its Benefits

  Did you know there are two types of home equity loans: fixed rate and lines of credit. Both loan types are offered with loan terms that generally range anywhere from 5 to 15 years and require the borrower to … Continue reading

Posted in 'financial tips', 'Home equity' loans, 'line of credit', a and n mortgage, borrowing, HELOC, lending, mortgage | Comments Off on Borrowing Against Your Home May have its Benefits

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

The Importance of Customer Service and Referrals in the Mortgage Business

Sr. Mortgage Consultant Mike McNamara   Illinois Residential Mortgage Licensee #MB.0006638 FL#MLD288 IN#11122 IA#2006-0064 MA#MC5413 MI#FL0012625 WI #19291BA NMLS# 19291 Copyright 2011 anmtg.com All rights Reserved. Privacy Policy

Posted in a and n mortgage, Chicago, customer service, FHA, lending, Loans, mike mcnamara, referrals, refinance | Comments Off on The Importance of Customer Service and Referrals in the Mortgage Business