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Setting Your Budget: How to Analyze Your Finances to Determine How Much Mortgage You Can Afford

October 6, 2023 by Robby Oakes

In today’s post we’ll take a look at a few ways that you can analyze your financial situation to help decide how much mortgage you can truly afford.

Filed Under: Home Mortgage Tips Tagged With: Mortgage Affordability, Mortgage Financing, Mortgage Loan Information

Simple Tips for a Stunning First Impression

October 5, 2023 by Robby Oakes

Begin with a Welcoming Entrance: The front door is the gateway to your home, and a fresh coat of paint can do wonders to revitalize its appearance. Consider selecting a color that complements your home’s style and personality. Don’t shy away from bold choices that create a statement.

Filed Under: Mortgage Tagged With: Curb Appeal, First Impression, Yard

Buying or Selling a Home This Winter? Keep These Tax Tips in Mind!

October 4, 2023 by Robby Oakes

With all of the expense that can go into buying or selling your home, it’s good to be aware of what you can claim and how a home can benefit you come tax time.

Filed Under: Homebuyer Tips Tagged With: Home Buyer Tips, Home Seller Tips, Mortgage

4 Facts You Need to Know Before Setting Up a Mortgage Escrow Account

October 3, 2023 by Robby Oakes

Buying a home involves a variety of nuances and strange-sounding terms, and one of the least understood aspects of the home buying process is the escrow account. Essentially, an escrow account is a third party bank account your lender can require you to pay into in order to cover certain costs related to your home. Your lender uses an escrow account to ensure that property taxes and home insurance fees get paid on time.

Filed Under: Home Mortgage Tips Tagged With: Escrow Account Information, Home Buyer Tips, Home Mortgage Tips

What’s Ahead For Mortgage Rates This Week – October 2, 2023

October 2, 2023 by Robby Oakes

Next week, the unemployment data is going to be released, as initial jobless numbers are going to come in. This is a key indicator because rising interest rates generally lead to more layoffs, which could jeopardize the Fed’s goal of a soft landing.

Filed Under: Financial Reports Tagged With: Consumer Index, Financial Report, Mortgage Rates

A Quick Look at Reverse Mortgages: The Golden Ticket to Enjoying Your Golden Years

September 28, 2023 by Robby Oakes

With a high volume of millennials set to enter the real estate market this year, it may seem like all the available options out there were created to snag new home buyers. However, there are products available on the market that cater to those who are in their golden years too. If you’re older than 62 and are currently weighing the options with your mortgage, here are the basics on reverse mortgages and why they might positively benefit you.

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

Understanding Mortgage Amortizations and Why Longer Periods Can Cost More

September 27, 2023 by Robby Oakes

Buying a home is one of the largest investments you will make in your life, and that’s why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here’s why an extended loan term can end up costing you more and may be less financially beneficial when it comes right down to it.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Amortization

What Does Contingent Mean on a House Sale

September 26, 2023 by Robby Oakes

In the context of a house sale, “contingent” typically means that the sale of the house is dependent on certain conditions being met. These conditions could include things like the buyer securing financing, the completion of a home inspection, or the sale of the buyer’s current home.

Filed Under: Home Buyer Tips Tagged With: Appraisal, Contingent, Mortgage Tips

What’s Ahead For Mortgage Rates This Week – September 25, 2023

September 25, 2023 by Robby Oakes

Last week’s economic reports included readings on U.S. housing markets, housing starts and building permits, and the scheduled post-meeting statement from the Federal Open Market Committee of the Federal Reserve. Data on sales of previously owned homes were released along with weekly reports on mortgage rates and jobless claims.

Filed Under: Financial Reports Tagged With: Case Shiller, Financial Report, Mortgage Rates

5 Things To Know About Severe Weather And Homeowners Insurance

September 22, 2023 by Robby Oakes

The average homeowner feels secure knowing they have insurance in the event of a severe weather calamity. Most people believe that no matter what happens, they have paid for protection against disaster.

Filed Under: Real Estate Tagged With: Homeowner's Insurance, Real Estate, Severe Weather

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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