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A Comprehensive Guide to Explaining Escrow Accounts

February 14, 2024 by Robby Oakes

Whether you’re a first-time homebuyer or a seasoned homeowner considering a refinance, the term “escrow account” often looms as a source of confusion. Yet, understanding the ins and outs of escrow accounts is crucial for managing your homeownership responsibilities effectively. In this article, we’ll address some common questions and concerns regarding escrow accounts to shed light on their importance and functionality.

Filed Under: Homebuyer Tips Tagged With: Escrow, Mortgage, Real Esate

Is Buying a Remodeled Home a Smart Move

February 13, 2024 by Robby Oakes

While watching shows like Property Brothers, Flip or Flop, Fixer to Fabulous, Fix My Flip and Fixer Upper may paint a rosy picture of buying a remodeled home, the reality often differs significantly. While these shows depict smooth transformations and stunning results, real-life experiences with remodeled homes can be far more complex and challenging.

Filed Under: Homebuyer Tips Tagged With: Mortgage, Remodel, Renovation Loan

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

February 12, 2024 by Robby Oakes

Next week is the release of Core CPI and PPI numbers for January, resulting in an extremely light week for the week. The only data release of note is the trade deficit and the usual unemployment reports. The current trade deficit for the U.S. is operating precisely within expectations and correlating GDP numbers. Next week will provide further guidance for the Federal Reserve as the next release of inflation data is released.

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

Home Renovation ROI: Which Upgrades Add the Most Value to Your Property

February 9, 2024 by Robby Oakes

Welcome to the world of home renovation, where dreams meet reality and your property’s potential is waiting to be unleashed. If you’re contemplating a home renovation project, you’re likely wondering which upgrades will not only enhance your living space but also add significant value to your property.

Filed Under: Home Values Tagged With: Cash Out Refi, Renovation, ROI

Navigating Mortgages as a Self-Employed Professional: A Guide to Non-QM Lending

February 8, 2024 by Robby Oakes

For self-employed professionals, the mortgage process can feel like passing through a maze, fraught with challenges and uncertainties. Traditional lending standards often favor individuals with stable, predictable incomes, leaving entrepreneurs and freelancers in a precarious position.

Filed Under: Mortgage Tips Tagged With: Mortgage, Non-QM, Self Employed

Strategies for Turning Fixer-Uppers into Profitable Investments

February 7, 2024 by Robby Oakes

Home flipping – a journey that transforms neglected fixer-uppers into profitable investments. If you’re considering entering the real estate game or looking to enhance your flipping skills, you’ve come to the right place.

Filed Under: Around The Home Tagged With: Budget, House Flipping, Mortgage

Homeowners in Financial Distress: Mortgage Forbearance and Loan Modification

February 6, 2024 by Robby Oakes

In times of financial hardship, such as job loss, medical emergencies, or economic downturns, homeowners may find it challenging to keep up with their mortgage payments. When facing such difficulties, understanding options like mortgage forbearance and loan modification can be crucial for maintaining stability and avoiding foreclosure.

Filed Under: Home Mortgage Tagged With: Loan Modification, Mortgage, Mortgage Forbearance

What’s Ahead For Mortgage Rates This Week – February 5th, 2024

February 5, 2024 by Robby Oakes

The largest and most impactful financial data being released is as always the Federal Reserve rate decision. This time it fit well within the expectations across the broader market and lending partners, in that the Federal Reserve still remains to hold current standing, and is showing push back on any potential rate cuts coming March when the next rate decision is planned.

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

Beyond the Mortgage: True Cost of Homeownership

February 2, 2024 by Robby Oakes

Owning a home is often hailed as the pinnacle of financial achievement, a symbol of stability, and a smart investment for the future. However, behind the allure of homeownership lies a maze of hidden expenses that can catch even the most diligent buyers off guard.

Filed Under: Home Care Tips Tagged With: axes, Maintenance and Repairs, Mortgage

How to Invest in Property with a Crowd

February 1, 2024 by Robby Oakes

Real estate has long been considered a lucrative investment, but for many, the barriers to entry can be daunting. Enter real estate crowdfunding, a game-changing concept that allows investors to pool their resources and collectively invest in property. T

Filed Under: Investment Properties Tagged With: Crowd Funding, Real Estate, Real Estate Investment

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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