Strategic Mortgage - Bill Kamboukos

While other mortgage loan programs backed by the Government have moved to continually raise their underlying fees, the Veterans Administration loan program, available for active duty and veterans of our armed services has actually worked to continue to lower loan fees and expand the benefit for t...

When purchasing a home, gift funds can be used for the entire down payment for a Conventional loan or an FHA loan, as long as you properly receive a gift from a family member.That means that you potentially could purchase a home without any down payment out of pocket, but the gift fund process mu...

For potential homeowners who have had a recent short sale, foreclosure or even bankruptcy, the Federal Housing Administration has a program that may allow them to purchase a new home, just 12 months after any of the above events.In order to be eligible for the program you must be able to document...

The minimum down payment to purchase a home using a conventional home loan is generally 5%, but for first time home buyers or those who have not owned a home in the past three years, the minimum down payment actually drops to 3%. That makes this program one that has a lower down payment, then eve...

Traditionally, when it came to obtaining a home loan for someone who was self-employed, two years tax returns were used for qualification. However, now only the most recent year’s tax returns can be used in certain cases.In the past, if you were self-employed, your last two years tax returns were...

The VA Home Loan is a program for Veterans of the Armed Services and National Guard and also current active duty military personnel and is a program that provides great benefits for our servicemen and servicewomen and Veterans. Here are some of the important things you need to know about the prog...

The FHA Home Loan is a loan that has for many years has served as a great program for first-time homebuyers, but the program can be a good for fit for many different of types of homeowners. Here are some of the important things you need to know about the program.Loan Limits            The current...

The Conventional home loan is still the most popular home loan program used today and for good reason. In many cases, a conventional home loan will provide you with the lowest overall monthly payment and is a good fit for many homeowners. Here are some of the important things you need to know abo...

In today’s real estate market, it is not uncommon for a home to be purchased for cash. Often times if you can purchase a home for cash and close right away, you are able to have a higher likelihood of having your offer accepted or getting a better price for the home.However, one thing that not al...

If you are looking to purchase a home and find a way to include repair or remodeling costs into your home mortgage, the FHA 203k loan, may be what you are looking for. Here are the basics you need to know about the program.  Purchase or Refinance The FHA 203K loan is available for the purchase or...