Strategic Mortgage - Bill Kamboukos

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Mortgage and Lending - Strategic Mortgage - NMLS#160440
RECENT BLOG POSTS
When using a home mortgage to purchase a home, if you do not make a twenty percent down payment, then traditionally that means that you have to pay a monthly private mortgage insurance payment. Private mortgage insurance or pmi, is insurance to protect the bank from a potential foreclosure and lo...
12/01/2015
As we approach Thanksgiving, it’s certainly a time for all of us to reflect on what we are thankful for. While the mortgage industry is less than perfect, there are many things that I am thankful for, after many years of working in the business. Low Interest Rates If you looked at a historical c...
11/23/2015
When it comes to obtaining a home mortgage to purchase a home, there are different requirements for a down payment depending on the type of loan you take and whether or not you intend to occupy the home. FHA Loans            FHA loans have a minimum 3.5% down payment for the purchase of a new hom...
11/17/2015
When it comes to obtaining a home mortgage, your credit score is an incredibly important component. If your score is too low, you may not be eligible for a mortgage loan at all. Furthermore, if your credit score is less than ideal, then you could end up with a higher interest rate, which on a deb...
11/10/2015
When trying to obtain a home loan, one of the most important aspects, is being able to qualify for the monthly payment of your mortgage in relation to your income. In the mortgage lending world, this is the concept of debt to income ratio (your monthly debt payments as a percentage of your monthl...
11/03/2015
When it comes to paying off your home mortgage faster, there are many theories and ideas that populate the media and internet. One of the more popular ideas, is that of the bi-weekly mortgage payment. Instead of paying your full mortgage payment once a year, for a total of 12 payments. The bi-wee...
10/27/2015
Obtaining a mortgage loan can be one of the most daunting and misunderstood financial processes that someone will face in their lifetime. While the U.S. Government has done a good job in recent years in continuing to push forward legislation to protect consumers, they have also at the same time c...
10/23/2015
    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 the above events.   In order to be eligible for the program you must be able to documen...
08/25/2015
The USDA home loan program is a loan program that often times gets lost in the shuffle when being discussed about home loan options for potential and current homeowners.   The program is used considerably less often than Conventional, FHA or VA loan programs and the reason that mainly is, is due...
08/18/2015
When it comes to purchasing a new home, after a bankruptcy 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 bankruptcy.   FHA Loans – On an FHA loan there is standard two year w...
08/11/2015
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Bill Kamboukos

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