Strategic Mortgage - Bill Kamboukos

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Mortgage and Lending - Strategic Mortgage - NMLS#160440
RECENT BLOG POSTS
In recent months, we have continued to see the evolution of lending standards on Conventional loans, in a good way. The days of no income verification loans and other various programs that existed a decade ago, will not soon return. However, we are seeing easing of certain lending standards. This...
01/22/2018
The idea 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. Annually, this allows you to make thirteen payments instead of twelve. If you stick with payment program, it would allow you to pay off a t...
01/08/2018
If you are looking to purchase a home, your down payment will vary based on whether or not you will occupy the home, the property type and the loan type you obtain. Please find this handy guide, that breaks down a basic overview of down payment, based on whether you are purchasing a primary home,...
01/03/2018
In the past year, Fannie Mae has made some massive changes to their lending guidelines when it comes to student loans.  First, they introduced loosened guidelines when it comes to how monthly student loan payments are qualified as a monthly payment. And in addition, they also introduced a program...
12/28/2017
The FHA Home Loan program continues to be one of the most popular home loan programs. It can be used to purchase a home with as little as a 3.5% down payment, is more flexible on credit standards than a conventional and also provides great options for refinancing when you don’t have a lot of equi...
12/12/2017
FHA home loan limits have been increased for the majority of counties in the United States. Here in Arizona in Maricopa and Pinal counties the FHA home loan limit has been increased to $294,515, from the previous loan limit of $279,450. What the essentially means for buyer’s, is that with the min...
12/09/2017
When applying for a home loan, one of the key components to qualification, is employment. However, you don’t necessarily need full time employment in order to qualify for a home loan. In this article we will discuss various types of part time employment and how it affects home loan qualification ...
12/05/2017
The conventional home loan limits for Fannie Mae and Freddie Mac backed conventional mortgages has been increased from $424,100 in 2017, to $453,100 for all new conventional home loans in 2018.            That also means that for VA loans, the base loan limit is now also $453,100 to qualify for a...
11/28/2017
When it comes to purchasing a home with a low down payment, there are multiple programs in today’s market, but for many potential buyers, the programs don’t fit. FHA Home Loan – This 3.5% down payment home loan program has a lower loan limit then the conventional loan program and also has both up...
11/28/2017
When it comes to purchasing your first home, there are many considerations to be taken into account.However, whether you are purchasing your first home or your 10th, the whole process should always begin with the financial commitment and the home loan.            In the articles that follows, we ...
11/21/2017
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Bill Kamboukos

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