Bill Kamboukos's Blog

  FHA Home loans will have new changes going into effect on January 1st, 2013. Recently, HUD, which oversees the FHA announced their latest budget numbers and announced a slew of new methods they will use to try make the agency’s finances more balanced. Specifically, here are the two most importa...

  The 2013 Calendar year is right around the corner and all home mortgage loan limits are set to remain constant for the 2013 fiscal year. Conventional loan limits, those loans backed by Fannie Mae and Freddie Mac will remain at $417,000. With any loan above this level remaining a Jumbo loan.  FH...

  The 2012 calendar year has seen the lowest mortgages rates in a lifetime, as long term interest rates hit their lowest levels ever in fact. And while the Federal Reserve has promised to do their part, to try and keep rates low in the coming year, experts believe that we will actually see a slig...

  As interest rates continue to remain at all time levels, more and more homeowners are looking to refinance their existing home loans. One of the key items that has kept many homeowners from being able to refinance in the past few years though has been the amount of equity in their homes. Howeve...

  The HARP refinance program for homeowners who have Fannie Mae and Freddie Mac owned loans, but owe more than their homes are worth has seen multiple versions of the program and its guidelines in recent years. It however has been perhaps the only recent Government mortgage initiative, which has ...

  Recently, Fannie Mae and Freddie Mac, the two government backed mortgage giants that back most conventional loans, issued a revised set of guidelines, in an effort to streamline the short sale process.       The new guidelines will go into effect November 1, 2012 and will permit a homeowner wit...

  As interest rates continue to sit at historical lows, many homeowners have taken this opportunity as a time to refinance into a fixed rate home loan. Inevitably interest rates will rise and for this reason it makes sense to lock into a fixed rate sooner rather than later.       While interest r...

  As has been much documented, the past year has seen overall mortgage rates reach new all time lows. We are now at levels where the traditional 30 year fixed loans have gone below 4% with 15 and 10 year fixed loans now at or below 3%. This has meant increased afforability for new homeowners and ...

  Fannie Mae and Freddie Mac, the two now government controlled mortgage giants were asked by the Federal Government to consider principal reductions on mortgages, as a way to assist struggling and upside down homeowners to help stabilize the housing market. After a month of deliberation, Fannie ...

  This series of articles has touched on the fact that we currently are at the lowest levels we have ever seen for interest rates and the lowest we will perhaps ever see. Meaning that now is really the time to consider taking advantage of these low rates and lock in a fixed rate for a lifetime. L...