Category Archives: lending

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

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, a and n mortgage, borrowing, 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, lending, MIP, pmi, refinance | Comments Off on I have been receiving a lot of questions about FHA Mortgage Insurance Premium, Here are Some Answers