Bill Kamboukos's Blog

  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...

      In the first part of this series of articles, we 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 fix...

You've been hearing it for the past year, interest rates are at all time lows and it is true. At the present we are currently at the lowest levels we have ever seen for interest rates on home loans. Last year and earlier this year even, many thought there was no way that interest rates could get ...

In recent years as credit standards have tightened on mortgages and many home loan products have gone away, with more than a few for the good, jumbo home loans have become more difficult as well. However, it now appears that this trend is being reversed as jumbo mortgage are starting to make a co...

Right now there are mortgage borrowers with adjustable rate mortgages (ARMs) on which the rate has adjusted within recent years are currently enjoying extremely low interest rates.   This is a reflection of the unusually low levels of the rate indexes used by most ARMs. But of course the flip sid...

    In today’s mortgage marketplace, many home loan products that seem to go away for some time are making a strong come back, but in ways that makes sense. Home loans for second homes or in other words, vacations homes and home loans for investment properties are available and viable in today's ...

    In recent articles we have discussed the continued rise in FHA mortgage insurance rates to their current levels. Currently, a potential homebuyer who wants to purchase a home using an FHA loan and who puts down the minimum 3.5% down payment will have to pay a 1% FHA mortgage insurance upfront...

  As we have chronicled in recent weeks, HARP 2.0 is now fully here and homeowners are now closing loans through this new government refinance program. Please read previous articles at: http://activerain.com/blogs/strategicmortgage for complete coverage of HARP 2.0. However, the basic breakdown o...

  In perhaps the first positive news we have received in some time in regard to FHA mortgage insurance, HUD recently announced changes to reduce mortgage insurance costs on certain FHA Streamline refinance transactions. Let’s take a look at what an FHA streamline refinance actually is and what th...

  While much of the recent news has focused on the new HARP refinance program for borrowers who have conventional mortgages, there are still other programs for homeowners who do not fall into these categories. Specifically, the FHA and VA both have Streamline refinance programs for borrowers. Bot...