Author Archives: Neena Vlamis, President of A and N Mortgage

The Home Buying Process Explained

The home buying process is a considerably stressful one, especially if you are a first-time homebuyer. Whether you are a first-time homebuyer or you have been through the process before and are in need of a refresher, have a look … Continue reading

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Everything You Need to Know About Mortgage Insurance

What it is, Why it’s Important, and How to Lower It Most homebuyers try to avoid PMI because it must be paid in addition to your monthly mortgage payment. But there are plenty of situations where taking on mortgage insurance … Continue reading

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How Do FHA Loans Work?

The Federal Housing Authority (FHA) was created by Congress in 1934 to help stem a rising tide of foreclosures and make homeownership more affordable.  While the FHA does not originate loans, it is one of the largest mortgage insurers in … Continue reading

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How Do VA Loans Work

VA loans, or Veteran Loans, are a benefit offered to Veterans of the U.S. Armed Forces on behalf of a grateful nation to facilitate the process of homeownership. The VA loan program was established in 1944, providing opportunities to millions … Continue reading

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Ten Reasons Why You Need a Mortgage Broker

Now is a great time to consider buying a home. Interest rates have reached unprecedented lows in recent months, making the costs of undertaking a mortgage incredibly attractive.  With all of the information available to seasoned and first-time home buyers, … Continue reading

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Pros and Cons of Refinancing Your Home Mortgage Loan

Interest rates are at historic lows. As a current homeowner, you may be wondering if it’s worth your time to consider refinancing your mortgage. If you bought your home when the Fed’s interest rates were at least 1.5%, or 150 … Continue reading

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COVID-19 Impacts: Guidance on Mortgage Payments, Student Loan Debt, and Banking

COVID-19 has dealt the worldwide economy a severe blow. In the U.S., millions have lost their jobs or source of income. Many more have had their wages slashed or are teetering on the brink of joblessness.  It will be a … Continue reading

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Coronavirus-Caused Mortgage Loan Challenges

The worldwide Coronavirus restrictions have created challenges in the mortgage loan industry. Fortunately, recent changes provide some clarity and relief. Here, we’ll give an overview of dealing with COVID-19 challenges in getting a mortgage. We’ll also answer questions about the … Continue reading

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Mortgage Loan Limits Get a Boost in 2020: New Limits for Conventional and VA Loans

Loan limits for each major mortgage type—including conventional and VA—have received a significant boost for 2020 over last year’s limits. In some counties, the new loan limits are up to 40% higher than they were last year, giving buyers across … Continue reading

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Mortgage Rates Reaching All-Time Lows Amid Coronavirus Fears

The novel coronavirus (COVID-19) pandemic is taking the stock market on a wild ride and causing industries like travel to bleed red ink. But the recent coronavirus-induced economic uncertainty benefits some groups of people, including present and prospective homeowners. On … Continue reading

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