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Understanding the Difference Between Mortgage Brokers and Mortgage Lenders

November 15, 2024 by Robby Oakes

This is where understanding the difference between a mortgage broker and a mortgage lender can help. Both play essential roles in the home loan process, but they function in very different ways. Let’s break it down so you can determine which path might work best for you when seeking mortgage financing.

Filed Under: Home Buyer Tips Tagged With: Home Buying, Mortgage Broker, Mortgage Lender

How Women Can Navigate the Path to Ownership with Confidence

November 14, 2024 by Robby Oakes

Whether you’re already envisioning your dream home or just starting your search, navigating the homeownership journey as a single woman comes with unique considerations. Here are some essential tips to help you approach the process with clarity, confidence, and a solid strategy.

Filed Under: Mortagage Tips Tagged With: Home Buying Journey, Women Homeowners, Women In Real Estate

Understanding the Components of Your Monthly Mortgage Payment

November 13, 2024 by Robby Oakes

If you’re new to homeownership, you might be wondering exactly what makes up the mortgage payment you’re sending each month. Beyond just the loan amount itself, there are several different components that all factor into your monthly mortgage payment.

Filed Under: Mortgage Tagged With: Home Buyers, Mortgage Payment, Mortgage Tips

What’s Ahead For Mortgage Rates This Week – November 12th, 2024

November 12, 2024 by Robby Oakes

This week, the Federal Reserve’s preferred inflation data was released, and the results met expectations. This, along with recent GDP estimates, employment reports, and personal income/spending figures, paints a stable economic picture. It suggests that we may be on track for the Federal Reserve’s next round of rate cuts. The Federal Reserve has consistently stated its 2% inflation target and current figures show inflation at 2.1%. This indicates that a ‘soft landing’ for the economy could be within reach.

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

Supporting Veterans on Their Path to Homeownership And Honoring Our Heroes

November 11, 2024 by Robby Oakes

Thank you, veterans, for your service, courage, and the legacy you continue to inspire.

Filed Under: Holidays Tagged With: Honoring Heroes, Support Our Veterans, Veterans Day

How Mortgages Compare To Other Loans

November 8, 2024 by Robby Oakes

Planning to buy a home, finance a car, or cover unexpected expenses? Many loan options exist to help you achieve your financial goals, but choosing the right one can be challenging.

Filed Under: Mortagage Tips Tagged With: Loan Options, Mortgage, Mortgage Vs Personal Loan

What Are Your Options When Funding Your Down Payment?

November 7, 2024 by Robby Oakes

Buying a home is a big milestone, and for many, saving for a down payment can feel like a major hurdle. Fortunately, there are several ways to make that down payment happen. Whether through savings, family gifts, 401(k) funds, or even second mortgages, understanding your options is key to making the best financial choice.

Filed Under: Home Mortgages Tagged With: 401K Withdrawl, Down Payment Options, Second Mortgage

Understanding an Appraisal Contingency in Your Home Purchase

November 6, 2024 by Robby Oakes

When buying a home, you have the option to include contingencies in your purchase contract. These protect you by setting certain conditions that must be met for the contract to remain valid. If any contingency isn’t satisfied, you can back out of the sale without penalty.

Filed Under: Mortgage Tips Tagged With: Appraisal Contingency, Home Buying 101, Mortgage Tips

Understanding “Cash to Close” in Your Home Buying Journey

November 5, 2024 by Robby Oakes

If you’ve received your Closing Disclosure from your lender, congratulations! You’re almost at the finish line of your home buying journey, ready to celebrate with keys in hand.

Filed Under: Home Mortgages Tagged With: Closing Costs, Home Loan Basics, Mortgage

What’s Ahead For Mortgage Rates This Week – November 4th, 2024

November 4, 2024 by Robby Oakes

This week, the Federal Reserve’s preferred inflation data was released, and the results met expectations. This, along with recent GDP estimates, employment reports, and personal income/spending figures, paints a stable economic picture. It suggests that we may be on track for the Federal Reserve’s next round of rate cuts. The Federal Reserve has consistently stated its 2% inflation target and current figures show inflation at 2.1%. This indicates that a ‘soft landing’ for the economy could be within reach.

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

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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