Strategic Mortgage - Bill Kamboukos

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Mortgage and Lending - Strategic Mortgage - NMLS#160440
RECENT BLOG POSTS
HUD has announced a .30% cut to the annual mortgage insurance premium of FHA home loans.That means for someone who is purchasing a home and putting down a 3.5% down payment and borrowing say $500,000, the monthly mortgage insurance cost was cut by $125 per month or $1,500 per year.For 30 year fix...
02/22/2023
A change was recently announced to provide better pricing for Conventional Loans for eligible first-time home buyers using Fannie Mae’s HomeReady loan program.The program was already a tremendous option not only for first time home buyers, but also prior homeowners make below a certain income lev...
01/09/2023
If you looked at house prices the past few years, you could easily say that low interest rates helped move house prices higher (in 2020 and 2021) and rapidly rising rates, equated to slower and even falling home prices (in 2022).Many forecasts I see right now, are calling for higher interest rate...
12/07/2022
Conventional home loan limits are once again increasing for Fannie Mae and Freddie Mac backed conventional mortgages. The new loan limits are $726,200, up from the current limit of $647,200.                        This is great news for many buyers, as it provides additional purchasing power for ...
12/01/2022
          FHA home loan limits are once again increasing for HUD insured FHA mortgages. The new loan limits in the Phoenix metro area are now $530,150, up from the current limit of $441,600.            What this means is that for someone looking to purchase a home with the 3.5% minimum down payme...
12/01/2022
            When it comes to home loans, the number one question most consumers have, is how do I get the best interest rate? Interest rate themselves, change daily and vary from lender to lender, so the process of obtaining the best rate is often difficult to pinpoint.            However, there ...
06/05/2020
            VA home loans have never had hard loan limits like Conventional or FHA loans. Rather they have mirrored Conventional Loan Limits, with anything over the Conventional Loan Limit ($510,400 currently), requiring a down payment. However, those down payment requirements are now removed for...
12/03/2019
           FHA home loan limits are once again increasing for HUD insured FHA mortgages. The new loan limits are $331,760, up from the current limit of $314,287.             What this means is that for someone looking to purchase a home with the 3.5% minimum down payment, using an FHA loan, can n...
12/03/2019
Conventional home loan limits are once again increasing for Fannie Mae and Freddie Mac backed conventional mortgages. The new loan limits are $510,400, up from the current limit of $484,350.                        This is great news for many buyers, as it provides additional purchasing power for ...
11/26/2019
When qualifying for a home loan, if you are a salaried or hourly employee, who receives pay stubs and W-2’s, the process is quite simple.  You provide your pay stubs to a lender, they quickly compute your monthly earnings, look at your monthly debts and tell you how much you can qualify for. Howe...
11/18/2019