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A & N Mortgage Services, Inc.'s mission is to provide you with high quality programs tailored to fit your unique situation at some of the most competitive rates in the nation. Our professionals are accessible around the clock, and strive to obtain the best mortgage and real estate options, no matter the situation.

Illinois Residential Mortgage Licensee #MB.0006638 FL#MLD288 IN#11122 IA#2006-0064 MA#MC19291 MI#FL0012625 WI #19291BA NMLS# 19291

Wednesday

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 repay the loan in full if the home against which they are borrowed is sold.

Though there are borrowing and term similarities, each loan has its differences. A home equity loan (also known as a second mortgage) is a fixed amount that you borrow to be paid off over a certain number of months, while the home equity line of credit (HELOC) is a variable rate. Much like a credit card, a HELOC pre-approves you, the borrower, for a certain spending limit of which you may withdraw.

Tuesday

Cook County Tax Bill Update

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Cook County Tax Bill Update
Cook County property tax bills coming in July
For the first time in decades the second installment of Cook County property taxes are to hit homeowner's mailboxes in July. Meaning, payment will be due August 1st compared to November 1st.

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Property Taxes: Homeowner's FAQ
Who pays this?
  The tax bill is either paid by your lender or if you do not escrow you must send in the payment direct to the Cook County Treasurer's Office or you can check on their website which local banks accept payments.  
How to check?  Cook County has set up a website where you can check online if your tax bill has been paid and if you are receiving your homeowner exemption.  You can also confirm your mailing address and ensure the correct name is on your tax bill. Where to check? www.cookcountytreasurer.com The top right hand corner has a section to click for "payments," you can check the status of your payment and also make sure you have your home owner's exemption.  You will be required to give your PIN # which is on your tax bill.

What if I'm missing info? If you do not have the information you need please feel free to contact
your A and N Mortgage Consultant at any time.
773.305.LOAN (5626) or www.AandNmortgage.com