Strategic Mortgage - Bill Kamboukos

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Mortgage and Lending - Strategic Mortgage - NMLS#160440
RECENT BLOG POSTS
    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 n...
05/26/2015
When looking into refinancing your home mortgage, most homeowners assume that they will need to have an appraisal completed on their property.   However, that is not always the case, as all three major loan programs: Conventional, FHA and VA loans, have option to refinance with reduced appraisal...
04/28/2015
When it comes to credit scores, many consumers don't know what to believe or what goes into calculating ones score. And that's for good reason, as credit scores are derived from complex algorithms, too complex for even the most astute financial person to fully comprehend. However, there are cert...
04/21/2015
When it comes to the FHA home loan, the program is perhaps one of the more misunderstood home loan products available. For many years the FHA home loan program has been one that has been marketed to first time homebuyers, or those with less than stellar credit and down payment resources. However,...
04/14/2015
When it comes to the FHA home loan, the program is perhaps one of the more misunderstood home loan products available. For many years the FHA home loan program is one that has been marketed to first time homebuyers, or those with less than stellar credit and down payment resources. However, the F...
04/07/2015
During the peak of the mortgage boom and then bust of the mid 2000’s, second mortgages were very popular and widely available.                 Many homeowners looking to purchase a home with less than a twenty percent down payment, would take out a first and second mortgage when closing on the p...
03/31/2015
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 private mortgage insurance. Private mortgage insurance or pmi, is insurance to protect the bank from a potential foreclosure and loss, for those mak...
03/24/2015
When purchasing a home and using either a Conventional loan or an FHA loan, the entire down payment can be a gift from a family member. However, more often than not, there is a bit of confusion as to how to properly provide a gift for the down payment of a home. If you do it the right way, the p...
03/17/2015
When purchasing a home, it is important to keep in mind that large unidentified deposits (cash or otherwise) can potentially cause an issue. That is because lenders will want to know that funds being used for down payment were not “borrowed” or obtained in a way that would make them ineligible t...
03/10/2015
For the self-employed borrower that does not receive a regular pay check stub, in recent years the only way to qualify for a home loan, has been to use full tax returns. However, with this new program, for someone who does not want to go that route, a new option is available.   Program Basics – ...
03/04/2015
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Bill Kamboukos

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