Robby Oakes Mortgage

Chapel Hill Mortgage Lender | Robby's Blog about Mortgages in Raleigh, Durham, Chapel Hill, and Crystal Coast area of NC

Your Debt-To-Income Ratio and How It Affects Your Mortgage

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When you’re delving into the market in the hopes of finding your dream home, it’s likely you’ll come across the term debt-to-income ratio. This may not seem important at first, but your DTI is the key to determining the amount of money you can put into your home and just how much you should spend on a monthly basis. If you’re curious about what this means for you, here’s how to calculate it and how it can impact your mortgage.

Understanding Mortgage Amortizations and Why Longer Periods Can Cost More

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Buying a home is one of the largest investments you will make in your life, and that’s why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here’s why an extended loan term can end up costing you more and may be less financially beneficial when it comes right down to it.

Student Loans vs. Down Payments: 3 Ways You Can Manage Both and Buy a New Home

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The idea of paying off your student loans and buying a home at the same time can seem like an impossible feat given the impact on your Debt-to-Income (DTI) ratio. However, there are ways it’s possible to have enough funds and good enough credit to make your dream of home ownership come true a little more quickly.

Trim Your Mortgage Closing Costs by Following This Easy 3 Step Guide

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You may be so busy with determining your debt-to-income ratio and deciding what kind of offer to make that closing costs have gotten lost in the mix, but it’s important to remember that finalizing your mortgage will cost you extra. While there’s no way to get around paying money to solidify your mortgage, there are a few steps you can take in order to make it more economical for you.

Worried About Climate Change? Here Are 4 Ways to Make Your Home More Climate Friendly

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Many people are concerned with having a negative impact on the environment, but it can be hard to know where to begin when it comes to climate friendly solutions around the home. Whether you’re planning for a future investment or are interested in fixing-up the home you’re in, here are some solutions for greening up your personal space that won’t bust the bank.

Renovating on a Budget? Check Out These Equity-boosting Inexpensive Home Upgrades

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The idea of embarking on home renovations may strike many homeowners as an expensive one, but there are plenty of ways that you can easily upgrade your home without spending a lot of money. If you’re looking for improvements that will truly (and frugally) improve the value of your home, here are a few do-it-yourself options you may want to consider.

Spring Is Real Estate’s ‘Rush Hour’ — Here’s How to Tell If You’re Prepared

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The most popular time of year to buy a home is in the spring, and this means that if you’re preparing yourself for getting into the real estate market, you may be experiencing a time crunch. If you’re wondering if you’ll be ready to put your home up for sale in time to take advantage of the season, here are few things you’ll want to think about.

Is It Still Possible to Get a Mortgage With Zero Down? Yes – and Here’s How

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When it comes to investing in a mortgage, the down payment is key in making your investment a reality and proving to lenders that you’re a safe bet. However, while most opportunities for putting zero down on a home have disappeared since the recession, there are still a few ways to buy without putting money down. If you’re currently weighing your options, here’s what you need to know if you don’t have a down payment ready.

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Corporate Investors Mortgage Group, NMLS# 39460.
Licensed to Do Business in the State of NC

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