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FICO Scores 101: How to Shop for a New Mortgage Without Harming Your Credit Score

September 29, 2015 by Robby Oakes

It’s difficult to begin shopping around for a new mortgage without the facts on how this can affect your FICO score. Thankfully, not all credit checks are created equal and they do not affect FICO scores in the same way.

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

What’s Ahead For Mortgage Rates This Week – September 28, 2015

September 28, 2015 by Robby Oakes

Last week’s scheduled economic news included reports on new and existing home sales, the FHFA House Price Index, and weekly reports on mortgage rates and new jobless claims. The week finished with a report on consumer sentiment.

Filed Under: Market Outlook Tagged With: Existing Home Sales, FHFA, Freddie Mac, House Price Index, Jobless Claims, New Home Sales

The New Home Warranty: Why This Benefit Alone Makes Buying New Worth Considering

September 25, 2015 by Robby Oakes

When making the decision to purchase a home, there can be an array of questions to ask regarding location, size, style and additional features that will complicate things. While buying new can seem like a risk, this type of warranty may help make at least one decision easy when it comes to your home purchase.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Tips and Strategies

Looking Ahead: How to Ensure That You Are Taking Full Advantage of Mortgage Tax Credits

September 24, 2015 by Robby Oakes

One of the major benefits to purchasing a home with a mortgage are the tax credits that can be taken advantage of when April 15 comes around. Many homeowners are unaware of what mortgage related expenses can be deducted and, more importantly, which ones can no longer be deducted.

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

National Association of REALTORS – Sales of Pre-Owned Homes Dip

September 23, 2015 by Robby Oakes

Sales of previously owned homes dropped in August by 4.80 percent on an annual basis for the first time in four months; the dip was likely caused by rising home prices. August sales were reported at a rate of 5.31 million; July’s rate was 5.58 million sales of previously owned homes.

Filed Under: Market Outlook Tagged With: FHFA, Home Price Index, The National Association of REALTORS

Critical Documents That You’ll Need to Have Ready Before Applying for a Mortgage

September 22, 2015 by Robby Oakes

If not done properly applying for a mortgage can be stressful and time consuming, but with the right preparation the entire process can be seamless. Here are some crucial pieces of information that almost any lender will require before approving a mortgage.

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

What’s Ahead For Mortgage Rates This Week – September 21, 2015

September 21, 2015 by Robby Oakes

Last week’s economic releases included several reports related to housing. The Wells Fargo/ NAHB Housing Market Index achieved its highest reading in nearly 10 years. Housing Starts dipped in August and Building Permits issued in August exceeded July expectations. The week’s big news was actually no news. The Fed’s Federal Open Market Committee decided not to raise interest rates. Fed Chair Janet Yellen followed up on the FOMC statement with a press conference and said that the Fed is not yet ready to raise rates, but that a majority of FOMC members are prepared to raise rates before year-end.

Filed Under: Market Outlook Tagged With: FOMC, Janet Yellen, Market Outlook, NAHB

NAHB: Builder Confidence Hits Highest Rate in 9 Years; Fed Doesn’t Raise Rates

September 18, 2015 by Robby Oakes

The National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index reported that home builder confidence rose by one point to a reading of 62 for September. This was the highest reading since November 2005, when the NAHB reported a reading of 68 for home builder confidence.

Filed Under: Market Outlook Tagged With: Federal Open Market Committee, Federal Reserve, Janet Yellen, NAHB

First-Time Home Buyer? 3 Budgeting Tips to Help Make Your Mortgage Payments Easier

September 17, 2015 by Robby Oakes

Buying a new home is an exciting time, but excitement can easily turn to stress if there isn’t enough money to pay the monthly mortgage bill. The added expense can take some time to get used to, but there are ways to make the payments easier, especially in those first few months when money is the tightest.

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

Ignore ‘The Bubble’ Talk – 3 Reasons Why This is an Excellent Time to Buy Real Estate

September 16, 2015 by Robby Oakes

While a gloomy outlook on the real estate market can strike fear in some hearts and may deter a purchase until a later date, the fact is that this is an excellent time to purchase property. In fact, there are three good reasons why potential buyers may want to start moving forward with their buying plans soon.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Interest Rates

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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