Strategic Mortgage - Bill Kamboukos

If you are looking to purchase a new home, before the sale of your current home, it’s important to know how lenders will look at your situation for qualification. For many homeowners who are looking to purchase a new home, the idea of selling their current home first or trying to align the sale o...

Interest rates for home mortgages are often times a bit more complex than meets the eye. Not only do they move on a daily basis, but the interest rate you receive on a particular home loan can vary greatly, depending on host factors. In this article, we will discuss some of the most factors that ...

A lender credit is exactly what it sounds like, a credit from your lender to be used pay for closing costs and settlement charges. Much is often discussed in regard to minimum down payments when purchasing a home, but one area that is often overlooked is the area of closing costs. On a $250,000 h...

Arizona is a community property state and because of that reason, there are different lending standards for certain home loans. In this article, we will address the common home loans and how they are affected by a community property state. FHA & VA Home Loans When using a VA or FHA home loan to p...

There are many articles written on what things to do, when applying for a home mortgage loan. However, in this article, we will discuss some common mistakes seen when applying for a home mortgage. Avoiding all of the items listed below in this article, will increase your chances of not only getti...

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...

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...

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,...

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...

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...