Strategic Mortgage - Bill Kamboukos

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Mortgage and Lending - Strategic Mortgage - NMLS#160440
RECENT BLOG POSTS
The HARP refinance program is a program that has allowed millions of homeowners the option to refinance and take advantage of today’s low interest rates, with little or no equity in their homes and is finally coming to an end on 12-31-16.  The program also has served a need to help homeowners in ...
01/05/2016
Owning a home provides multiple tax benefits, that when applied properly can be a big savings come tax time. As always, please consult a CPA or the IRS for specific tax advice, but below are some of the many homeowner tax deductions.Mortgage InterestThe interest that you pay on your mortgage is t...
12/29/2015
In a recent article, we covered the varying down payment requirements for Conventional, VA and FHA home loans being used for the purchase of a home.            In today’s article we discuss some alternate forms of down payment for a home loan, outside of the standard funds someone might have save...
12/22/2015
For some homeowners who are looking to purchase a new home, the idea of selling their current home first or trying to align the sale of their current home and purchase of their new home simultaneously, is an idea that is less than appealing.  Other homeowners may want to keep their current home a...
12/15/2015
When refinancing your home mortgage, it is always important to look at not only the potential reduction in an interest rate and monthly payment, but also the cost associated with the refinance.                        Often times when refinancing, it makes sense to look into a no cost refinance, w...
12/08/2015
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
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Bill Kamboukos

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