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Understanding the Financial Power of Mortgage Points

October 16, 2024 by Robby Oakes

In the world of home financing, mortgage points are a powerful yet often misunderstood tool that can significantly impact your long-term financial outlook.

Filed Under: Home Mortgage Tagged With: Home Financing, Mortgage Points, Mortgage Tips

Where Does the Money for Your Mortgage Loan Really Come From?

October 15, 2024 by Robby Oakes

If you’re considering a mortgage loan, you might wonder where the money actually comes from. It’s not as simple as walking into your neighborhood bank and getting a loan directly from their vault, like it used to be decades ago.

Filed Under: Mortgage Tagged With: Fannie Mae , Mortgage 101, Mortgage Banking

What’s Ahead For Mortgage Rates This Week – October 14th, 2024

October 14, 2024 by Robby Oakes

The CPI and PPI reports delivered their data, showing inflation figures slightly below expectations. However, the positive impact of these reports was tempered by hawkish comments from Federal Reserve members during recent meetings. Despite this, the overall outlook remains optimistic, as further rate cuts are anticipated. Lending partners have also responded positively, significantly lowering their lending rates over the past month.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

Are You In A Position to Cosign on a Loan?

October 11, 2024 by Robby Oakes

As home prices continue to rise, some buyers may struggle to qualify for a mortgage on their own. In these cases, a mortgage cosigner can be a helpful solution

Filed Under: Home Mortgage Tagged With: Cosigning Loans, Home Buying Advice , Mortgage Tips

What Is A Home Loan Offset Account And How Does It Work?

October 10, 2024 by Robby Oakes

Looking for ways to reduce the amount of interest you pay on your mortgage and shorten its lifespan? A home loan offset account might be the solution.

Filed Under: Home Mortgage Tagged With: Home Loan Offset, Mortgage Savings, Reduce Interest

Does Your Home Loan Have a Prepayment Penalty?

October 9, 2024 by Robby Oakes

Buying a home is a huge milestone, and the excitement of closing can lead many buyers to quickly accept any mortgage offer without fully understanding its terms. One important detail to watch for is whether your mortgage includes a prepayment penalty.

Filed Under: Mortagage Tips Tagged With: Home Loan Tips, Mortgage Advice, Prepayment Penalty

Consolidate Credit Card Debt with a Cash-Out Refinance

October 8, 2024 by Robby Oakes

If you’re feeling overwhelmed by credit card debt, a cash-out refinance may be an effective way to manage it. This type of mortgage allows you to utilize your home’s equity to pay off high-interest credit cards, consolidating them into a single, lower-interest mortgage payment.

Filed Under: Credit Scoring Tagged With: Cash Out Refinance, Debt Consolidation, Home Equity

What’s Ahead For Mortgage Rates This Week – October 7th, 2024

October 7, 2024 by Robby Oakes

Last week was a fairly light week, with the non-farm payroll data being the most significant release. The data showed that payrolls are growing at a faster rate than historical trends suggest, which could indicate that inflation is still above the Federal Reserve’s target. In contrast, the upcoming week has a busy schedule, with many important economic releases lined up back to back.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

How to Get a Mortgage Without a Credit Score

October 4, 2024 by Robby Oakes

Getting a mortgage without a credit score may seem like a tough task, but it is possible. Many assume that a credit score is a must, but if you don’t have one, you can still pursue your dream of homeownership. Here’s how.

Filed Under: Credit Scoring Tagged With: FHA Loan, Mortgage Without Credit, No Credit Score

Do VA Entitlements Ever Expire?

October 3, 2024 by Robby Oakes

The VA home loan program is one of the most valuable benefits offered to those who have served in the U.S. military, providing veterans and active-duty personnel with access to favorable mortgage terms. One common question is whether these VA entitlements ever expire.

Filed Under: Mortgage Tagged With: Mortgage Entitlement , VA Home Loans, Veterans Benefits

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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