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Who Is Exempt From The VA Funding Fee?

January 15, 2016 by Robby Oakes

Who is NOT required to pay the VA funding fee? This video could save some veterans thousands. VA loan applicants pay a funding fee – as of 2014, 2.15% of the total loan amount – which can be thousands of dollars. Some veterans and spouses are eligible for exemption.

Filed Under: Mortagage Tips Tagged With: Mortgage Tips, VA Loans, Video

Owning vs Renting: Why High Rents Are Worse Than a Mortgage over the Long Term

January 14, 2016 by Robby Oakes

If you’re at the stage in life where home ownership is nearly within your reach, you’re probably wondering whether you should start looking for a home or whether you should just keep renting. So why is paying a high rent a worse option than buying a house and getting a mortgage? Here’s what you need to know.

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

Real Estate Terms: The ‘Debt to Income’ Ratio and How It Affects Your Home Purchase

January 13, 2016 by Robby Oakes

The real estate market is rife with terminology that can make a home purchase seem more than a little complicated. If you’re currently looking for a home and are considering your loan options, you may have even heard the term ‘Debt to Income’ ratio. In the interest of simplifying things, here are some insights on what this term means and how it can impact your home investment.

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

Money Matters: Understanding How a Mortgage Loan Can Be a Productive Investment

January 12, 2016 by Robby Oakes

Most people tend to think of a mortgage loan as a necessary evil, an expense that has to be managed. But under the right circumstances, your mortgage can become a smart investment – something that makes you money instead of costing you money.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgages, Real Estate Investing

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

January 11, 2016 by Robby Oakes

The first week of 2016 was quiet concerning housing and mortgage related news, but reports on construction spending and several labor-related reports were released.

Filed Under: Market Outlook Tagged With: Commerce Department, Freddie Mac, Jobless Claims, Market Outlook

Dealing with an Empty Nest? 5 Great Reasons to Downsize into a New Condo

January 8, 2016 by Robby Oakes

There’s a good chance if your children have recently moved out that your home is feeling a lot larger than it used to, and perhaps you’re re-considering the extra space. If downsizing to a condo is on your mind and you’re weighing the benefits of this kind of move, here are some that might make it worth the switch in size.

Filed Under: Around The Home Tagged With: Around The Home, Buying a Home, Home Buyer Tips

5, 10, 20 Percent or More? How to Determine How Big of a Down Payment You Need

January 7, 2016 by Robby Oakes

Whether or not you’re new to real estate, there’s little doubt that you’ve heard the term down payment as it relates to purchasing a home. If you’re trying to determine the ideal amount to put down, here are some things to consider.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Down Payments, Home Buyer Tips

Have You Been Denied for a Mortgage? Here Are 3 Reasons Why You’ll Want to Keep Trying

January 6, 2016 by Robby Oakes

If you’re in the market for a new home, you’ll most likely need a mortgage in order to afford it. But for some home buyers, getting a mortgage isn’t easy. Here are three factors that can influence the likelihood of approval on the second try.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage Preapprovals and Credit, Mortgages

A Quick and Easy Guide to Using an Online Mortgage Calculator

January 5, 2016 by Robby Oakes

If you’re in the market for a new mortgage, using an online mortgage calculator is a great way to determine what kind of terms you can expect to see and how they’ll affect your home purchase. Here are just a few ways that you can use an online mortgage calculator to learn more about your mortgage needs and find the mortgage that is best for you.

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

What’s Ahead For Mortgage Rates This Week – January 04, 2016

January 4, 2016 by Robby Oakes

2015 said farewell with reports on Case Shiller home prices, pending home sales, and consumer confidence.

Filed Under: Market Outlook Tagged With: Case Shiller, Freddie Mac, Market Outlook

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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