Strategic Mortgage - Bill Kamboukos

             Conventional home loan limits are once again increasing for Fannie Mae and Freddie Mac backed conventional mortgages. The new loan limits are $484,350, up from the current limit of $453,100.             This increase also carries over to VA home loans, meaning that the base VA loan l...

Earlier this year, we wrote an article, discussing the things not to do, before applying for a home loan. In this article, we will look at the other side of the picture and provide some tips, for things to do, prior to applying for a home loan. These items below are tips that can not only help yo...

There are multiple reasons why someone might refinance their home loan. They might be pulling equity out of their property for debt consolidation or home repairs. Or someone may refinance, to move from a mortgage with mortgage insurance, to a new loan without mortgage insurance. Or perhaps you ma...

If you are looking to purchase a home with the lowest down payment available, it generally comes down to either looking into a Conventional home loan or an FHA home loan.  (Side Note: for those that qualify for it, a VA loan is a great program, with no minimum down payment required).In this artic...

The VA Home Loan is a benefit to those who have served or are serving our armed forces and is a truly unique program, for those that are eligible. The VA loan program is for qualified Veterans of the Armed Services and National Guard and also current active duty military personnel. This article w...

In the past, we have written many articles on best practices, when it comes to qualifying for a home loan. We have also discussed what things not to do, when applying for a home loan, yet we continue to see these issues pop up from time to time. So, if you are thinking of getting a home loan soon...

With the appreciation in home values in recent years, many homeowners now have a significant equity position in their homes. As a result, depending on the use of the funds, it could make sense to tap into your home’s equity, to perhaps take out funds to consolidate debts, remodel your home or pay...

             Almost everyone has heard an advertisement, for a “no cost” home loan, whether it be for a purchase or refinance home loan. The truth of the matter however, is that there is really no such thing, as a “no cost” loan. Depending on the type of loan you take out, your credit score, down...

After Conventional homes loans, the FHA Home Loan program continues to be the second most popular home loan program used by consumers to purchase a home or refinance a home loan. The program can be a great fit, for those who are looking for more flexible credit guidelines. Or if you are looking t...

            When looking to prequalify for a home purchase, often the first question many clients have is, how much of a down payment do I need? The answer is, it depends.              The amount of your down payment will hinge primarily on two factors. What will be the occupancy of the home (pri...