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Understanding the CFPB’s New Mortgage Rules and How They Might Affect You

April 19, 2016 by Robby Oakes

The CFPB has several regulations that mortgage lenders need to follow, some of which have only recently come into effect. So how do the CFPB’s new mortgage rules affect you? Here’s what you need to know.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Legal Matters, Mortgages

What’s Ahead For Mortgage Rates This Week – April 18, 2016

April 18, 2016 by Robby Oakes

Last week’s scheduled economic releases included reports on retail sales, inflation and the Federal Reserve’s Beige Book report. Weekly reports on mortgage rates and new jobless claims were also released.

Filed Under: Financial Reports Tagged With: Case Shiller, Financial Reports, Mortgage Rates

How to Determine the Right Mortgage for You: The Pros and Cons of Each Type

April 15, 2016 by Robby Oakes

Finding the right mortgage can be a struggle. There’s a wide array of mortgage products on the market, and you don’t always need to get a mortgage through your bank – and with so many options, it’s hard to know which one is your best bet.

Your ideal mortgage will depend on your own individual financial situation, but when you understand how different kinds of mortgages work, it’s easier to choose the right one. Here’s what you need to know about mortgage types.

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

Three Tips to Ensure That a Reverse Mortgage Makes Sense for Your Financial Situation

April 14, 2016 by Robby Oakes

If you’re having financial troubles, or if you need to free up a large sum in a short period of time, a reverse mortgage is a great way to get the money you need without having to take on new debt or make monthly payments. The great advantages of a reverse mortgage are that you don’t need to make any loan payments until you decide to move out of the house and that in spite of the interest rates attached, you’ll never owe more than the value of your home.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgages, Reverse Mortgages

Selling Your Half of a Jointly-owned Home? Here’s What You Need to Know

April 13, 2016 by Robby Oakes

There are many factors to consider when it comes to selling your home, and if you own your home with someone else the details involved can be even more confusing. If you’re wading into your co-ownership options and are curious about your next steps, here’s a short list of some things to think about.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Jointly-Owned Home Selling, Selling a Home

Key Questions to Ask Yourself Before Deciding to Refinance Your Mortgage

April 12, 2016 by Robby Oakes

If you’re looking to reduce your interest payments or get more favorable loan terms, there are lots of ways you can change your mortgage. But one of the most effective ways to take advantage of low interest rates is with a mortgage refinance. That said, refinancing typically comes with a variety of costs and may not be a good solution or all homeowners.

So how can you tell whether it’s a good idea to refinance your home? Here are three questions you need to ask yourself if you want to find out.

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

What’s Ahead For Mortgage Rates This Week – April 11, 2016

April 11, 2016 by Robby Oakes

Last week’s economic news included minutes of the most recent Federal Open Market Committee (FOMC) meeting. Weekly reports on mortgage rates and new jobless claims were also released.

Filed Under: Financial Reports Tagged With: Financial Reports, Mortgage Rates, Unemployment

Can You Refinance into a VA Mortgage from Another Type of Mortgage? Yes, If You Qualify

April 8, 2016 by Robby Oakes

VA mortgages stand out as one of the biggest benefits to men and women serving in the military. Although private lenders make the loan, the Department of Veterans Affairs guarantees all VA mortgages, which is why these loans come with favorable terms and benefits not found with other mortgage types.

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

3 Psychological Hacks That Will Help You Sell Your Home Faster

April 7, 2016 by Robby Oakes

From real estate agents to home buyers, there are so many tips out there on how to sell your home that it can be overwhelming to determine which tricks will boost your success rate and make the sale. If you’re looking for a few sure-fire hacks for getting your home off the market quickly, the following may do a lot of the hard work for you so that selling won’t remain a worry for long.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Staging Tips

5 Tips to Reduce Your Monthly Mortgage Payment

April 6, 2016 by Robby Oakes

Buying a home isn’t cheap – and even though mortgage rates are low, your own financial circumstances may mean that your monthly payment is more than you can afford. Whether you’re a new buyer looking to save money or a cash-strapped owner who needs to free up extra income, there are several ways you can lower your monthly payments – here are just five of them.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Monthly Mortgage Payment

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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