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A Guide to Financing Home Improvements and How Mortgage Refinancing Can Help

January 26, 2016 by Robby Oakes

If you’re planning to remodel or renovate your home in the near future – whether to provide a better living environment or as part of a house flip – you’ll need to find a way to pay for your home improvements. There are several different possible sources of renovation money, each with their own advantages and disadvantages. One option that is gaining popularity is mortgage refinancing.

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

What’s Ahead For Mortgage Rates This Week – January 25, 2016

January 25, 2016 by Robby Oakes

Last week’s scheduled economic news included releases from the National Association of Home Builders, Housing Starts, and Existing Home Sales. Weekly reports on new jobless claims and mortgage rates were also released.

Filed Under: Market Outlook Tagged With: Freddie Mac, Jobless Claims, Market Outlook, National Association of REALTORS

3 ‘Must Know’ Pieces of Advice for First-time Home Buyers

January 22, 2016 by Robby Oakes

When delving into the realities of home ownership, there can be many factors involved that make it difficult to determine what you need to know and what can wait until later. If you happen to be a first-time buyer who’s looking for the best tips for purchasing a home, look no further than the following three pointers to set you on the right path.

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

The Do’s and Don’ts of Getting Approved for a Mortgage Quickly

January 21, 2016 by Robby Oakes

If you’re ready to buy a home, getting approved for a mortgage is a critical step that you can’t skip or rush. So how can you ensure your mortgage gets approved quickly and without any hassles? Here’s what you need to know.

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

Home Builders Remain Confident in January

January 20, 2016 by Robby Oakes

Home builders maintained December’s confidence level according to the National Association of Home Builders (NAHB) Housing Market Index for January. The latest reading of 60 mirrored December’s reading, but was two points lower than expected. Readings of more than 50 indicate that more builders were confident about housing conditions than those who were not.

Filed Under: Market Outlook Tagged With: Housing Market Index, National Association of Home Builders, National Unemployment Rate

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

January 19, 2016 by Robby Oakes

In addition to weekly reports on mortgage rates and new unemployment claims, last week’s economic news included the Fed’s Beige Book report, retail sales and consumer sentiment. January’s Empire State Index showed an unexpected dip and Consumer Sentiment increased for January.

Filed Under: Market Outlook Tagged With: Beige Book, Federal Reserve, Freddie Mac, Market Outlook

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

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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