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Maximizing Your Profits: A Guide to Utilizing Construction Loans for Fix-and-Flip Projects

March 5, 2024 by Robby Oakes

Fix-and-flip projects can be lucrative endeavors for real estate investors, but they often require a significant upfront investment. One key financial tool that savvy investors use to fund these projects is a construction loan. We will examine how you can leverage construction loans to maximize your profits in the fix-and-flip game.

Filed Under: Mortgage Tips Tagged With: Constrcution Loans, Mortgage Options, Renovation

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

March 4, 2024 by Robby Oakes

A number of important consumer related data reports were released last week, giving us a clearer picture on inflation impacts and the state of the economy on a broader scale. First up, looking at the First Revision of GDP numbers, we are seeing they had fallen slightly below expectations, but still showing the economy has not deflated at all as of the result of the prior years’ repeated rate hikes.

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

Understanding Debt-to-Income Ratio: A Key Factor in Mortgage Approval

March 1, 2024 by Robby Oakes

When it comes to securing a mortgage for your dream home, there’s a crucial number that can make or break your application: your debt-to-income ratio (DTI).

Filed Under: Credit Scoring Tagged With: Credit Score, Debt to Income, Mortgage

4 Common Remodeling Mistakes and How to Avoid Them

February 29, 2024 by Robby Oakes

Investing in your home by remodeling or renovating is an excellent way to increase its value. However, a significant renovation project can quickly turn into a disaster, especially for those who are inexperienced. Let’s take a look at four of the more common home renovation mistakes that homeowners make and how you can avoid them.

Filed Under: Around The Home Tagged With: Around The Home, Homeowner Tips, Upgrades and Renovations

Navigating the Impact of Environmental Factors on Property Values

February 28, 2024 by Robby Oakes

As our world becomes increasingly conscious of sustainability, it’s crucial to understand how the environment can shape the value of your home or potential investment.

Filed Under: Housing Market Tagged With: Environmental Factors, Property Values, Regulation's

Exploring the Pros and Cons of Using Personal Loans and Refinancing for Home Renovations

February 27, 2024 by Robby Oakes

Undertaking home renovations can be an exciting endeavor, whether you’re looking to enhance your living space, increase property value, or simply modernize your home. However, financing these projects can often pose a significant challenge

Filed Under: Mortagage Tips Tagged With: Mortgage, Personal Loan, Renovations

What’s Ahead For Mortgage Rates This Week – February 26th, 2024

February 26, 2024 by Robby Oakes

A government holiday followed by an extremely light release schedule has led to a limited amount of data, with the FOMC Minutes being the only impactful report for the prior week. The Federal Reserve had stated they will continue to maintain their current stance in light of the most recent inflation data. With rates holding into the year, as a result, lending partners have started back tracking some of their recent rate cuts. Lastly, Unemployment Numbers are seen to be well within expectations.

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

Loan Servicing Companies

February 23, 2024 by Robby Oakes

What happens when you suddenly get a notice to pay your mortgage to a company you may have never heard of? How do you determine if this is a legitimate request or a scam?

Filed Under: Mortgage Tips Tagged With: Loan Servicing, Mortgage

Long-Term Relationship Between Borrowers and Mortgage Originators

February 22, 2024 by Robby Oakes

A good originator goes beyond mere transactions, prioritizing long-term relationships and client well-being. Look for originators who communicate proactively, offer empowering resources, provide personalized attention, maintain transparency, engage with the community, and celebrate milestones.

Filed Under: Mortagage Tips Tagged With: Communication, Loan Officer, Mortgage

When to Refi: How to Time Your Move for Maximum Savings

February 21, 2024 by Robby Oakes

As with most everything, timing is often key to unlocking substantial savings, especially when it comes to refinancing your loans. Whether you’re eyeing a lower interest rate, aiming to shorten your loan term, or simply seeking to tap into equity, strategic timing can significantly impact your financial outcomes.

Filed Under: Home Mortgages Tagged With: Mortgage, Refinance, Timing

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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