Strategic Mortgage - Bill Kamboukos

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Mortgage and Lending - Strategic Mortgage - NMLS#160440
RECENT BLOG POSTS
This year, we received changes to both the Conventional and FHA loan limits locally here in Arizona, after both of those numbers stayed constant in 2016.            For a number of years, the conventional loan limit for Fannie Mae and Freddie Mac backed conventional mortgages was $417,000. Howeve...
01/09/2017
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.            The changes reduce the annual mortgage insurance premium, which is paid on a monthly basis as part of one’s FHA loan by .25% ...
01/09/2017
In today’s mortgage marketplace, we are in an environment where the rules and regulations of mortgage lending go further than just perhaps the most common sense items that are needed to qualify for a home loan.Anyone who applies for a home loan is generally aware of the idea that they will need s...
10/26/2016
The HARP 2.0 refinance program is coming to an end on September 30, 2017, but will be replaced by a new government backed program in October 2017, aimed at assisting borrowers with little or no equity in their homes.Here is what we know about the program right now.Similar to the HARP refinance pr...
10/26/2016
The Fannie Mae Home Ready conventional home loan program allows for a home purchase with as little as a 3% down payment and also home loan refinances with as little as 5% equity. In a recent article, we discussed some of the unique features of this program and in this article we will go further i...
10/26/2016
In almost every financial transaction you undertake, your credit score matters. It affects whether you can or cannot qualify for things like home loans, auto loans and credit cards and also will affect the interest you pay.            In addition, credit can even have an impact on other areas tha...
10/26/2016
There are of number of reasons to refinance your home loan, but perhaps the most popular reason, is to simply reduce your interest rate and therefore the interest paid over the life of your loan.  However, it is always important to look at not only the potential reduction in an interest rate and ...
10/26/2016
 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 equ...
10/26/2016
When applying for a home loan to purchase a home or refinance your home loan, the interest rate you receive will vary based on a number of factors. In this article, we will address some of the main factors that can ultimately affect what interest rate someone receives on a home loan.Your Credit P...
10/26/2016
When purchasing a home, unless you provide a 20% down payment on a conventional loan, you will generally have a loan with some sort of mortgage insurance.                        If you currently have a loan with mortgage insurance, there are options to remove your mortgage insurance and we will d...
10/26/2016
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Bill Kamboukos

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