Category Archives: mortgage

Why Mortgage Rates Go Up or Down

Posted on September 10, 2018 by Neena Vlamis

  When you look at the current mortgage rates, you will see a range of different interest rates from different lenders and banks. If you keep looking at those rates over a length of time, you might notice that, despite … Continue reading →

Posted in 'Home equity' loans, a and n mortgage, FAQs, homebuying, mortgage, mortgage rates | Comments Off on Why Mortgage Rates Go Up or Down

What Does 25 Percent PMI Coverage Actually Mean

Posted on September 3, 2018 by Aaron Gitler

Question?   What does 25 percent PMI coverage actually mean Answer:  25 percent coverage actually means that the MI company will pay out 25 percent of the loan amount and total expenses to the lender when a property goes into foreclosure … Continue reading →

Posted in Fannie Mae, Federal National Mortgage Association, Freddie Mac, home loan, mortgage, pmi | 1 Comment

How Do VA Loans Work

Posted on August 6, 2018 by Neena Vlamis

The Veteran Loans, or VA loans, lending program is an incredibly useful tool if you have a military background or are the spouse of someone who has been in service. Tens of millions of service members have been able to … Continue reading →

Posted in a and n mortgage, Home Page Blog, homebuying, How To, mortgage | Comments Off on How Do VA Loans Work

Five Predictions for the 2017 Mortgage Loan Market

Posted on January 20, 2017 by Neena Vlamis

Near record-low mortgage rates makes now a great time to purchase a home, but the mortgage market can turn on a dime, and pressure on the Fed to raise rates and the incoming Trump administration are throwing some variables into … Continue reading →

Posted in Home Page Blog, mortgage, Tips and Tricks | Comments Off on Five Predictions for the 2017 Mortgage Loan Market

10 Reasons The Amish Are Right About Mortgages

Posted on January 5, 2017 by Aaron Gitler

Financial savvy is hardly the first thing that most of us think about when we think of the Amish. Known for their rejection of technology and their simple, down-to-earth lifestyle, many may find it hard to believe that their philosophy … Continue reading →

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A Steak That Costs More than Your Mortgage

Posted on September 28, 2016 by Aaron Gitler

For many homeowners and aspiring homebuyers, assessing the cost of a mortgage can sometimes feel confusing or overwhelming. However, taking mortgage expenditures into account often requires a greater context. Did you know that the world’s most expensive steak actually costs … Continue reading →

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Renovation Lending Aids the Property Search Given Available Inventory

Posted on June 17, 2014 by Neena Vlamis

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

Posted on June 10, 2014 by Aaron Gitler

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

Neena Vlamis Talks Homebuying and Credit with Bill Moller on WGN News Radio

Posted on May 15, 2013 by Neena Vlamis

In order to maintain the absolute best credit score make sure to set your bills on auto pay for the minimum payment.  This way when you are out of town you won’t miss a payment!   Listen to Bill Moller … Continue reading →

Posted in 'financial tips', 'Home equity' loans, 'line of credit', a and n mortgage, bill moller, credit rating, mortgage, wgn news radio | 1 Comment

Borrowing Against Your Home May have its Benefits

Posted on June 27, 2012 by Aaron Gitler

  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