Bill Kamboukos's Blog

  When it comes to property types and getting a home loan, not all are created equal, as perhaps anyone who has looked to finance a condo recently may have experienced. Two key issues come into play when it comes to condo loans, stricter standards and higher costs. These issues affect both condo ...

  Up until last year, the government refused to allow FHA-backed financing for buyers looking to purchase a home where a property had been sold within the past 90 days. The reasoning behind the rule was that quick re-sales, had been associated with illegal flipping and by refusing to make purchas...

  With all of the talk regarding the housing market focusing on issues with property values and foreclosures, there has been another effect that has also occurred as a result of the shift in the housing market in recent years. That effect is that as more homeowners have lost or walked away from t...

  Buying your first home is perhaps the biggest financial decision you will ever make in your life. At the end of the day, everyone’s situation is unique, but when it comes down to evaluating if you are ready to purchase your first home, it is important to ask yourself a few important questions b...

  Buying your first home is perhaps the biggest financial decision you will ever make in your life. At the end of the day, everyone’s situation is unique, but when it comes down to evaluating if you are ready to purchase your first home, it is important to ask yourself a few important questions b...

When it comes to obtaining a mortgage whether you are purchasing or financing, fixing your credit score before you apply for a mortgage could literally save more than $100,000 over the course of your loan. For all mortgage transactions, you will need to have your credit score pulled for qualifica...

  In November 2010 the Department of Housing and Urban Development (HUD) reorganized both the upfront mortgage insurance premium and annual mortgage insurance premiums for FHA loans. The result was a lower upfront premium paid when closing on a loan with FHA financing, but a larger annual mortgag...

With tax season in full swing and April 15th just over a month away, it is time once again to talk about one of those items that we hear about every year, but bears repeating. That is the mortgage interest tax deduction. Despite some talk about changing the deduction or phasing it out entirely, t...

Mortgage Rates Will Continue To Ease Up In 2011, But Other Positive Sings On The Horizon In 2010 interest rates hit their lowest levels in a lifetime with 30 year fixed rates near 4%, but in 2011 it appears that this will be a thing of the past. Interest rates have increased a bit, but are still ...

With Tax Time Coming Don’t Overlook Tax Breaks Associated With Mortgages Most homeowners who have taken out a mortgage probably already know of the tax advantage provided by deducting your mortgage interest payments. However, many homeowners overlook another tax break available for points paid to...