Strategic Mortgage - Bill Kamboukos

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Mortgage and Lending - Strategic Mortgage - NMLS#160440
RECENT BLOG POSTS
Everyone knows that a good credit score is important to obtain the best possible interest rates and terms, whether you are applying for a home loan, a consumer loan or a credit card.             However, the internet is full of lots of conflicting information when it comes to credit scores. And t...
10/26/2016
When someone is looking to purchase a home, a gift made be used to provide the entire down payment needed for the home purchase.For conventional loans, that down payment can be as little as 3% of the purchase price and for FHA loans, that amount can be as little as 3.5% of the purchase price.The ...
10/26/2016
The HARP refinance program is a program that has allowed millions of homeowners the option to refinance and take advantage of today’s low interest rates, with little or no equity in their homes and HARP 2.0 is finally coming to an end on 9-30-17.  The program has also served a need to help homeow...
10/26/2016
The VA Home Loan program is a benefit for Veterans of the Armed Services and National Guard and also current active duty military personnel and is a program that provides great benefits for our servicemen and servicewomen and Veterans. Here are some of the important features and guidelines of thi...
10/26/2016
 The cash out refinance has made a comeback in recent years, as home values have stabilized and moved higher. For certain instances, it could make sense to tap into your home’s equity, to perhaps take out funds to consolidate debts, remodel your home or pay for other unexpected expenses.         ...
10/26/2016
If you receive a standard W-2 at the end of the year, from hourly pay or salary, then when it comes to qualifying for a home loan, the process is pretty straight forward. You can generally just use the income listed on your pay stubs and W-2’s for qualifying purposes. However, if you are self-emp...
10/26/2016
 By popular request, please find a basic reference guide for the different down payments needed to purchase a home, whether it will be your primary home, a secondary home or an investment home.            Of course these are just basic guides and standard qualification requirements apply, but the...
10/26/2016
 One of the biggest obstacles to someone purchasing their first home, is often the saving of a down payment.                        Nowadays, the standards still remain low for a down payment on a home with Conventional loans allowing for as little as a 3% down payment, FHA loans allowing for as ...
10/26/2016
FHA Home Loans In Arizona – Community Property DebtsWhen using an FHA home loan to purchase or refinance a home in the state of Arizona, one very important consideration is the fact that Arizona is a “community property” state.            This distinction means that on this type of loan, if you a...
10/24/2016
This past year, Fannie Mae introduced the Home Ready conventional home loan program. The program allows for a home purchase with as little as a 3% down payment and also home refinances with as little as 5% equity.However, unlike traditional conventional loans, the Home Ready program has some uniq...
10/17/2016
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Bill Kamboukos

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