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The Quick and Easy Guide to Understanding the Math Behind Your Mortgage Closing Costs

September 15, 2015 by Robby Oakes

It’s amazing that in a year with extremely low mortgage rates being reported around the country, closing costs are up by as much as 6% from the previous year. Part of the reason for this is that the stricter regulations on loans have increased the costs to banks, and they always find a way to pass on new costs to the consumer.

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

What’s Ahead For Mortgage Rates This Week – September 14, 2015

September 14, 2015 by Robby Oakes

A short week after the Labor Day Holiday provided a slack schedule for economic news. Bloomberg reported that residential investment for the second quarter of 2015 represented 3.34 percent of the Gross Domestic Product. Compared to the long-term average reading of 4.56 percent, analysts said that the Q2 15 reading suggested pent-up demand in the housing market that could help propel the economy through any setbacks that could occur when the Fed raises rates.

Filed Under: Market Outlook Tagged With: Federal Open Market Committee, Freddie Mac, Jobless Claims

What is HARP 2.0 And How Do I Know If I Qualify To Refinance With It

September 11, 2015 by Robby Oakes

If you’re looking for home refinancing options, you may have had difficulty in the past – especially if you owe more than your home’s value on your mortgage. Getting refinancing consumes much of your home equity, which is in short supply for people who already have a mortgage. But with the government’s extension of the HARP Program, you may now be able to refinance your home with a variety of lenders.

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

The Pros and Cons of Paying Cash When You Buy Your Next Home

September 10, 2015 by Robby Oakes

With mortgage bubbles and real estate issues still in recent memory, one might feel that their best option is to buy their next home using cash instead of borrowing the necessary funds. In today’s article we’ll explore the pros and cons of paying cash for that next house or condo.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Homeowner Tips

A Step-by-step Guide to Preparing Your Finances for the Mortgage Pre-approval Process

September 9, 2015 by Robby Oakes

Being pre-approved for a mortgage isn’t just a way to get a step ahead, in many cases it’s a necessity to buying a home. Many sellers don’t want to go through the negotiation process of selling their home only to have the buyer drop out when they can’t get approval for the mortgage they were relying on.

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

What’s Ahead For Mortgage Rates This Week – September 8, 2015

September 8, 2015 by Robby Oakes

Last week’s economic news included reports on construction spending, private and public sector employment data and a report from the Fed indicating that any move to raise interest rates may be delayed.

Filed Under: Market Outlook Tagged With: Federal Reserve, Freddie Mac, National Unemployment Rate

From Big to Small: How to Downsize from a Large House to a Smaller, More Efficient Home

September 4, 2015 by Robby Oakes

If you’re moving from a large home into a smaller house or condo, you’re probably looking forward to enjoying a lower heating bill and not having to do as much cleaning. But before you move, you’ll want to take certain precautions to ensure that you’re not overwhelmed.

Filed Under: Real Estate Tips Tagged With: Home Seller Tips, Moving Tips, Selling a Home

From Big to Small: How to Downsize from a Large House to a Smaller, More Efficient Home

September 4, 2015 by Robby Oakes

If you’re moving from a large home into a smaller house or condo, you’re probably looking forward to enjoying a lower heating bill and not having to do as much cleaning. But before you move, you’ll want to take certain precautions to ensure that you’re not overwhelmed.

Filed Under: Real Estate Tips Tagged With: Home Seller Tips, Moving Tips, Selling a Home

How to Submit an Offer Below the Asking Price Without Spooking the Seller

September 3, 2015 by Robby Oakes

Although you will be rolling the dice with an offer below asking price, there are ways that you can increase the likelihood that your offer will be successful. Before you submit your offer, use these three strategies to make it more appealing.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Negotations

3 Reasons Why the Cost of Title Insurance is Worth the Investment

September 2, 2015 by Robby Oakes

Title insurance protects the owner of a home from any claim made against their property, whether or not they are responsible. These include unpaid mortgage balances on the home, an improper foreclosure or any form of real estate fraud perpetrated by the seller.

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

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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