Fannie Mae’s Home Affordable Program Coming to Fruition

April 13, 2009

Daily Mortgage Updates

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13 April 2009 ? Mortgage rates and home prices are still very attractive. Now is the time to buy or refinance your mortgage.

Fannie Mae?s ?Home Affordable? program is coming to fruition, allowing homeowner?s with a Fannie mortgage refinance up to 105% of the home value, and their mortgage insurance situation stays the same. For instance, if somebody had a mortgage at 80% with no mortgage insurance, the new loan will also have no mortgage insurance. Good stuff, for sure.

As of first thing Monday morning, the markets are down. There are talks of bankruptcy at GM, and of Chrysler just not making it.

Chicago-base aerospace giant Boeing announced less than expected first quarter profits.

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About Neena Vlamis

Neena Vlamis, President and Co-founder of A & N Mortgage Services, enjoys a challenge. In particular, she and colleagues specialize in finding the best mortgage product for each of their home-buying customers. Whereas many financial institutions shy away from customers who have special financial needs, Neena and A & N boast a winning record with clients from all ends of the spectrum. Neena and the professionals at A and N succeed in home-financing scenarios as a result of their unparalleled commitment to providing honest advice, extensive breadth of personal finance knowledge vis-a-vis home ownership, and their power of being a mortgage bank and broker. These assets, in combination, have built A & N Mortgage Services into the premier originator of residential home loans in the Chicagoland area. Neena Vlamis and A and N Mortgage will identify the optimal financial product and strategy for your specific homeownership need. You can contact her at neenav@aandnmortgage.com or 773-305-LOAN.

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