Category Archives: ‘financial tips’

Is It Beneficial To Turn HELOC Into A Fixed Rate Loan?

Posted on February 5, 2020 by Neena Vlamis, President of A and N Mortgage

Over the past few years, real estate market prices have been steadily rising, subsequently raising the amount of equity available for your home. For those you who don’t already know, home equity is the interest a homeowner earns from their … Continue reading →

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Why You Should Consider Refinancing Your Mortgage This Summer

Posted on May 29, 2019 by Neena Vlamis, President of A and N Mortgage

If you haven’t thought about it yet (or done so), this summer may be the perfect time to refinance your mortgage. Mortgage interest rates are still very low and have just recently dropped again. If you’re a homeowner with good … Continue reading →

Posted in 'A & N Mortgage', 'financial tips', Chicago, conventional mortgage, refinance | 1 Comment

Own vs Rent: How Much Home Can You Purchase For $1000/$1500/$2000 a Month?

Posted on August 6, 2018 by Neena Vlamis, President of A and N Mortgage

  There is a common misconception that renting is cheaper than buying, which is why so many people, particularly younger, choose to rent rather than buying. However, the statistics show that on average, the monthly payment that people tend to … Continue reading →

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Renovation Lending Aids the Property Search Given Available Inventory

Posted on June 17, 2014 by Neena Vlamis, President of A and N Mortgage

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 | Comments Off on Renovation Lending Aids the Property Search Given Available Inventory

The Welcome Home Illinois Loan Program”

Posted on April 25, 2014 by Neena Vlamis, President of A and N Mortgage

  The state of Illinois started a huge advertising campaign 2 weeks ago for a new program called “Welcome Home Illinois”. Your members may be calling for more information. The program gives 1st time home buyers (a buyer who hasn’t … Continue reading →

Posted in "illinois mortgage", 'down payment' loan, 'financial tips', a and n mortgage, credit history, credit rating | 2 Comments

A and N Mortgage Tips: New Year, New Changes for 2014 Mortgages

Posted on February 26, 2014 by Neena Vlamis, President of A and N Mortgage

Mortgages Affected: 2014 The Consumer Financial Protection Bureau are enforcing a new set of Qualified Mortgage rules that will start to phase in on January 10th, 2014 and the residential real estate market could be in for some major changes. … Continue reading →

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Save Big Over The Life Of Your Loan

Posted on July 15, 2013 by Neena Vlamis, President of A and N Mortgage

When purchasing a home, the interest rate of your loan is of prime importance as it can dramatically affect the amount you pay for your home. Depending on the amount of your loan, a 1 percent difference in loan rate … Continue reading →

Posted in 'down payment' loan, 'financial tips', a and n mortgage, conventional mortgage | 1 Comment

Borrowing Against Your Home May have its Benefits

Posted on June 27, 2012 by Neena Vlamis, President of A and N Mortgage

  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 →

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A and N Tips: Rock That Tax Return!

Posted on April 18, 2012 by Neena Vlamis, President of A and N Mortgage

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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