Strategic Mortgage - Bill Kamboukos

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Mortgage and Lending - Strategic Mortgage - NMLS#160440
RECENT BLOG POSTS
 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
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
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Bill Kamboukos

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