Bill Kamboukos's Blog

When it comes to purchasing a new home, after the foreclosure of a previous home, there are generally standard waiting periods for each of the major home loan programs. However, new loan programs are beginning to change those standards.   As we discussed last week, there are general standard wai...

When it comes to purchasing a new home, after the foreclosure of a previous home, there are generally standard waiting periods for each of the major home loan programs. In this article we discuss common waiting periods to purchase a new home after a previous foreclosure or bankruptcy.   On an FH...

              FHA home loans have traditionally been used by many homebuyers to purchase a home with a smaller down payment. In fact, the minimum down payment on an FHA loan is still just 3.5% and that amount does not appear to be changing in the near future.               In addition, if you ar...

Home prices in Arizona have seen a steady and somewhat rapid rise over the last two years. As a result, many homeowners who were previously upside down on their homes are no longer underwater and many homeowners now have a good deal of new found equity in their homes once again.  Arizona itself ...

In November 2013, Fannie Mae released a new version of their automated approval software, known as DU or Desktop Underwriter and along with that release came a fix for homeowners looking to refinance through the HARP program. As has been covered many times in our past articles, the HARP refinanc...

FHA loan limits are set to decrease in many counties throughout the country and we will feel the effects of these changes here in Arizona. Every county besides Coconino County in Arizona, will have an FHA loan limit of $271,050 for new FHA home purchase loans after January 1, 2014. In Maricopa a...

Following up in a series from our most recent article. We discussed that in the current mortgage and real estate market, the more knowledge you have, the better you will be prepared to end up with the best possible terms for the purchase or refinance of a home. It always important to know what y...

In the current mortgage and real estate market, the more knowledge you have, and the better you will be prepared to end up with the best possible terms for the purchase or refinance of a home. It always important to know what you need and do not need in order to obtain a home loan and how your s...

The 2014 Calendar year is right around the corner and all home mortgage loan limits are set to remain constant for the 2014 fiscal year.  Conventional loan limits, those loans backed by Fannie Mae and Freddie Mac will remain at $417,000 in non high-cost areas. With any loan above this level rema...

The latest Home Price Expectation Survey shows that most experts believe that home prices will rise 4.3% in 2014 and continue to make steady move upwards through 2018. The Zillow Home Price Expectation Survey is done quarterly and is a nationwide panel of over one hundred economists, real estate...