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Mortgage and Lending - Strategic Mortgage - NMLS#160440-
RECENT BLOG POSTS
 Good news for those who are contemplating or completing a short sale, the Mortgage Debt Forgiveness Act has been extended through 2013. If you had mortgage debt forgiven this past year, whether it was through a short sale or perhaps mortgage modification then you may be able to claim special tax...
03/26/2013
When it comes to credit scores, many consumers don't know what to believe or what goes into calculating ones score. And that's for good reason, as credit scores are derived from complex algorithms, too complex for even the most astute financial person to fully comprehend. However, there are certa...
03/26/2013
  The USDA home loan program is a loan program that often times get losts in the shuffle when being discussed about home loan options for potential and current homeowners. The program is used considerably less often then Conventional, FHA or VA loan programs and the reason that mainly is, is due ...
02/12/2013
  Mortgage loan interest rates still sit near all-time lows at the present, but it seems that we have finally begun a slow and sustained move higher in interest rates. In recent years we have seen interest rates move to their lowest levels ever, as the Federal Reserve has been a major catalyst in...
02/12/2013
  As we have documented over the past few years, as interest rates on mortgage loans have declined and stayed near record lows, FHA mortgages have actually gotten more expensive. For that reason, many new homebuyers are turning to 5% down payment Conventional mortgages instead of FHA mortgage. As...
01/17/2013
  In recent years we have documented that while interest rates on mortgage loans have declined and stayed near record lows, FHA mortgages have actually gotten more expensive. The main culprit of this is FHA mortgage insurance and it’s not an accident. The new commissioner of the FHA, Carol Galant...
01/17/2013
  As we have written about in the past, the HARP refinance program is one of the only government initiated programs that has actually worked for many homeowners to refinance their mortgages, if they owe more than their homes are worth.   HARP 2.0, which came out last year, expanded the program to...
12/20/2012
  More and more in today’s market place we are seeing homes that were recently purchased by an investor, fixed up a little bit and put right back on to the market for re-sale. These homes are considered to be “flipped” properties and there have been various lending rules in recent years when it c...
12/20/2012
  One question that we seem to be asked more and more is in regard to the waiting period that one must wait after foreclosure or short sale to purchase a new home. And the answer is, “it depends.” In reality there are a lot of factors that go into qualifying for a new home loan, whether it be to ...
12/20/2012
  As we move into the 2013 year in the mortgage and real estate markets, it has already been noted, that 2013 has the making of what appears to be the second positive year in a row in the housing market. In that regard, housing inventories are expected to continue to slowly diminish and housing p...
12/20/2012
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Bill Kamboukos

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