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The 4-Step Financial Checkup to Get Ready for a Mortgage in 2018

February 6, 2018 by Robby Oakes

Are you ready to join the ranks of homeowners in our local community? Congratulations – homeownership is a big step towards building your net worth and financial freedom. However, it is also a significant transaction that will affect your finances for the foreseeable future. Let’s take a look at a quick four-step checklist that will help you to get ready to buy a home with a mortgage in 2018.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Applications

What’s Ahead For Mortgage Rates This Week – February 5th, 2018

February 5, 2018 by Robby Oakes

Last week’s economic releases included readings on pending home sales, Case-Shiller Home Price Indices and construction spending. The Federal Open Market Committee of the Federal Reserve released its monthly statement and weekly readings on mortgage rates and new jobless claims were released. Last week’s economic readings wrapped with a report on consumer confidence.

Filed Under: Market Outlook Tagged With: Case Shiller, Fed, Home Sales

What Is Mortgage Insurance and How Does It Benefit Me? Let’s Take a Look

February 2, 2018 by Robby Oakes

Are you in the market for a new home? If you are considering a mortgage, you may be curious about mortgage insurance, commonly referred to as PMI or MI. Let’s explore the topic of mortgage insurance, including how it works to reduce risk and how it benefits you as the mortgage borrower.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Insurance

The Mortgage Helper: How to Find the Perfect Tenant for Your Basement Suite

February 1, 2018 by Robby Oakes

Do you have an empty basement or separated suite in your home? If you have a suite sitting empty, you are missing out on collecting some extra monthly income in the form of rent. Let’s take a look at a quick four-step process that will help you find the perfect tenant to rent out your basement suite.

Filed Under: Around The Home Tagged With: Home Buyer Tips, Homeowner Tips, Real Estate Investing

Spring Is Coming: Get a Jump on Spring Cleaning and Breathe New Life into Your Tired Spaces

January 31, 2018 by Robby Oakes

Spring is almost here – and with it, the need to clean out the clutter and freshen up your home. Let’s explore a few tips that will help you to get a jump on your spring cleaning so that you can get outside and enjoy the nice weather later.

Filed Under: Around The Home Tagged With: Around The Home, Homeowner Tips, Upgrades and Renovations

Curious About Homeowners’ Association (HOA) Fees? Here’s What You Need to Know

January 30, 2018 by Robby Oakes

If you are thinking of buying a condominium or a home that is part of a planned community, you have likely come across the term “homeowners’ association” or HOA. In short, the HOA is a coalition of local homeowners who have banded together to manage the needs of the local community. Let’s explore the concept of the homeowners’ association, why they charge fees and what you can expect from your HOA if you buy a home that is part of one.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Real Estate Tips

What’s Ahead For Mortgage Rates This Week – January 29, 2018

January 29, 2018 by Robby Oakes

December sales of previously-owned homes dipped to an 18-year low with a reading of 5.57 million sales on a seasonally-adjusted annual basis. Pre-owned home sales were expected to reach 5.73 million homes based on November’s downwardly- revised reading of 5.78 million sales. December sales were 3.6 percent lower month-to-month, but were 1.10 percent higher year-over-year.

Filed Under: Mortgage Rates Tagged With: Mortgage Rates

3 Reasons You Might Consider Refinancing Your Mortgage in Early 2018

January 26, 2018 by Robby Oakes

If you are a homeowner who has had their mortgage for a few years, you may be starting to wonder about refinancing. In essence, this is the process of retiring your current mortgage and taking out a new one because the terms are more favorable to you.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Refinancing

In a Hurry to Buy a Home? Speed Your Mortgage Approval up by Following This Checklist

January 25, 2018 by Robby Oakes

Have you finally found your dream home after months of searching, only to discover that the seller has received other offers? Few circumstances can raise your stress level as much as finding yourself in a bidding war against another buyer. However, being unprepared by not having your finances in order can make the situation even worse.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Applications

NAHB: Home Builder Confidence Drops in January

January 24, 2018 by Robby Oakes

Homebuilder confidence in housing market conditions dipped two points in January; ongoing challenges including labor shortages and materials costs were cited by the National Association of Home Builders, which provides monthly readings on home builder sentiment. Three component readings of the Housing Market Index declined by one point each. Readings for current sales conditions, housing market conditions for the next six months and for buyer traffic within new single-family housing developments were 79, 78 and 54 respectively.

Filed Under: Housing Market Tagged With: Housing Market

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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