Strategic Mortgage - Bill Kamboukos

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Mortgage and Lending - Strategic Mortgage - NMLS#160440
Like it or not, your credit score does matter. Whether it comes to obtaining a new home loan, getting a new credit card, auto loan, cell phone, utility bill or even a job, your credit score could be a determining factor.  For that reason, it makes sense to do everything possible, to make sure you...
If you want to obtain a conventional home loan, but have limited or no income, but do have a large amount of assets, you may be able to qualify via an asset depletion loan. This program makes sense for someone who may be retired and living off a small pension or social security or other benefit, ...
             With home value continuing to appreciate, many homeowners now have a multitude of home equity in their current homes. This has opened up the opportunity for consumers to complete cash out refinances. A cash out refinance can be used to not only receive cash back in hand, but also use...
Any loan that exceeds the conventional loan limit, is considered to be a Jumbo home loan. Here in the Phoenix metropolitan area, we are not considered a “high cost” metropolitan area and so the conventional loan limit is $484,350. That means if you want to take out a loan above that limit, no mat...
            When looking for a new home mortgage loan, often times the first question a consumer has is, what will my interest rate be? The answer to that question always is, it depends on a number of factors. In this article, we will discuss some of the factors which impact your interest rate.Fa...
            One of the most common questions asked, is how much of a down payment is needed to purchase a home? The answer as with most anything in life, is it depends. You can purchase a home with no down payment (VA loans) or with a 3% down payment (some VA loans), or you may need a 15% down pa...
A popular idea to pay off your home mortgage loan sooner, is to switch from a monthly payment, to a bi-weekly payment.The concept behind the bi-weekly mortgage payment, is that you make half a mortgage payment, once every two weeks, instead of making one full payment per month. This then allows y...
            Having a low interest rate on your home loan should absolutely be your priority. For almost everyone, their home loan is the largest debt they have and therefore the interest adds up more than anything else. However, when choosing a home loan, you would most often benefit from choosin...
           VA home loan limits are once again increasing for Veteran’s Administration backed home mortgages. The new loan limits are $484,350, up from the current limit of $453,100.             This is the third year in a row that VA loan limits have increased and continues to show the strengthen...
 FHA home loan limits are once again increasing for HUD insured FHA mortgages. The new loan limits are $314,827, up from the current limit of $294,515. What this means is that for someone looking to purchase a home with the 3.5% minimum down payment, using an FHA loan, can now do so, up to a $326...

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