Strategic Mortgage - Bill Kamboukos

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Mortgage and Lending - Strategic Mortgage - NMLS#160440
RECENT BLOG POSTS
In the past year, Fannie Mae has loosened guidelines when it comes to how student loans payments are looked as monthly debts. This change is making it easier for those with larger student loan debt burdens, to obtain a home loan.  When it comes to obtaining a home loan, one of the critical compon...
11/14/2017
A Jumbo home loan is any loan that exceeds the conventional loan limit for any geographic area. Here in the Phoenix metropolitan area, the conventional loan limit is $424,100, meaning that any loan above that dollar amount would be considered a Jumbo Home Loan. What Makes Jumbo Home Loans Differe...
11/01/2017
The most widely used home loan, whether purchasing or refinancing a property is the conventional home loan. This article will provide a guide to some of the most common questions that consumers have about obtaining a home loan, including down payment requirements, credit score requirements, home ...
10/25/2017
Fannie Mae has just made another change to their home loan guidelines, which will make it easier to qualify for a home loan with a higher debt to income ratio.            The change increases the maximum debt to income ratio from 45% to 50% on Fannie Mae Conventional home loans, for the purchase ...
07/21/2017
Fannie Mae has just made a change to their home loan guidelines, that now makes it easier to qualify for a home loan if you have a larger amount of student loan debt.                        The change allows you to use the documented minimum monthly payment of your student loan for qualifying pur...
04/25/2017
 Did you know that there is a home loan program for potential home buyers to make as little as a 1% down payment on a conventional loan? Not only that, the program also provides for a 2% lender contribution toward down payment on the home, essentially allowing the buyer to purchase a home with eq...
02/20/2017
When it comes to qualifying for a home loan to purchase a home or refinance an existing home loan, certain loan programs make it easier than others to qualify, if you have a large amount of student loans.Many times, if someone is early into their career they may have a large student loan burden a...
02/20/2017
When it comes to obtaining a home loan, the process can often times be daunting and confusing, even for someone who has gone through the process before.  In recent years, the U.S. Government has done a good job in recent years in continuing to push forward legislation to protect consumers, but th...
01/25/2017
Did you know that you can obtain a conventional home loan, without a standard form of income? You can, but of course there is a catch.If someone has a large sum of assets, they may use those assets as income. Through Freddie Mac’s asset depletion program, you can use 70% of the balance of an asse...
01/25/2017
HUD, the agency that oversees the FHA Home Loan program recently announced a reduction to the annual mortgage insurance premiums associated with most FHA loans.Now, that cut has been suspended indefinitely, following the change in presidential administrations, in order to more closely review the ...
01/20/2017
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Bill Kamboukos

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