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Mortgage and Lending - Strategic Mortgage - NMLS#160440-
RECENT BLOG POSTS
   Barring any changes or action from the government, the FHA loan limits are set to decrease all throughout the entire state of Arizona and in many other areas of the country as well.  The U.S Department of Housing and Urban Development (HUD) has announced, that on October 1st, 2011 the FHA loan...
08/18/2011
  In recent years as lending standards have tightened certain home loan programs and options have disappeared from the marketplace. For the most part, a lot of what is gone as far as loan options are gone for a good reason, and were not programs that we would generally recommend to any clients if...
08/18/2011
  In the current marketplace, it is not uncommon to see investors purchasing homes on a cash basis. With the dip and housing prices, many attractive bargains exist and more often then we have seen in recent years, investors are purchasing these homes on a cash basis.   This makes more sense in th...
08/18/2011
FHA Efficient Mortgages Energy For Homeowners In recent years the federal government has increased incentives for home energy-efficiency through increases in tax credits for solar panels, solar water heaters, geothermal heat pumps, heavy-duty insulation, windows, air conditioning and other simila...
07/26/2011
Forebearance Period Extended For FHA Home Loans The Obama administration recently announced it will require servicers of mortgages insured by the Federal Housing Administration to extend the forbearance period provided to unemployed homeowners because of the unusually long time it is taking for p...
07/26/2011
Half of All Arizona Homeowners Underwater According to a recently released report from the mortgage reporting firm, CoreLogic, almost half of all Arizona mortgages were considered to be “under water” as of the end of the first quarter of 2011. Or in other words, the most recent numbers show that ...
07/26/2011
Home loans for second or in other words, vacations homes and investment properties are still available in today’s mortgage market. Of course, the standards are a little different than for the purchase of a primary residence (a home you will live in), but there are still affordable options given t...
04/29/2011
Believe it or not, adjustable rate mortgages are making a comeback During the housing boom nearly seventy percent of all mortgages issued were ARMs, but then disappeared during the downturn, totaling just three percent of the total market in 2009. However, ARMs now make up 5% of all mortgages iss...
04/29/2011
In today's real estate market we see many purchases that are properties which were recently foreclosed on and now being sold by the bank. This has been a reality of a market that has at times and in certain areas seen more bank owned properties as conventional home sales. As a result of the decli...
04/29/2011
While FHA home loans still remain an attractive option for many home buyers looking to put a smaller down payment on the purchase of a home, conventional loan down payment percentage minimums continue to decrease. In fact, in today’s market in Arizona, while an FHA loan will require a 3.5% down p...
04/29/2011
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Bill Kamboukos

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