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Buying A Home With Cash Versus Low Interest Rate Mortgages

May 16, 2023 by Robby Oakes

When deciding whether to buy a home with cash or to obtain a low-interest-rate mortgage, there are several factors to consider. A cash offer can be very competitive in a real estate market, as it can give the buyer a significant advantage over buyers who need to obtain financing through a mortgage.

Filed Under: Mortgage Tagged With: Cash or Finance, Interest Rates, Mortgage

What’s Ahead For Mortgage Rates This Week – May 15, 2023

May 15, 2023 by Robby Oakes

The U.S. Labor Department reported the month-to-month pace of inflation rose by 0.40 percent in April and matched analysts’ expectations. April’s reading surpassed the March reading of 0.10 percent month-to-month inflationary growth. Inflation rose by 4.90 percent year-over-year in April. Analysts expect inflationary growth to continue, but at a slower pace through 2023.

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

Should You Help Your Kids Pay for Their Mortgage?

May 12, 2023 by Robby Oakes

It’s important to evaluate your own financial situation before deciding whether to help your kids pay for their mortgage. Make sure that you can afford to provide financial assistance without jeopardizing your own financial security.

Filed Under: Mortgage Tagged With: Helping Your Children, Mortgage, Taxes

Should I Airbnb My Home?

May 11, 2023 by Robby Oakes

One of the main reasons people Airbnb their homes is to earn extra income. By renting out their homes to guests, hosts can earn money that can be used to pay bills, save for a vacation, or invest in their future. The decision to Airbnb your home ultimately depends on your personal circumstances and preferences.

Filed Under: Mortgage Tagged With: Airbnb, Mortgage, Real Estate Investments

What is Cash to Close?

May 10, 2023 by Robby Oakes

The Cash to Close amount is calculated by subtracting any applicable credits, such as earnest money or seller contributions, from the total amount of funds needed to complete the transaction. The resulting figure represents the final amount of cash that the buyer needs to bring to the closing.

Filed Under: Mortgage Tagged With: Cash to Close, Closing Costs, Mortgage

What Is A Mechanic’s Lien?

May 9, 2023 by Robby Oakes

To initiate a mechanic’s lien, the contractor or supplier must follow a specific set of procedures, which can vary depending on the jurisdiction. Generally, these procedures involve filing a notice of claim with the appropriate government office, notifying the property owner of the claim, and giving the owner an opportunity to dispute the claim.

Filed Under: Mortgage Tagged With: Contractor, debt, Mortgage

What’s Ahead For Mortgage Rates This Week – May 8, 2023

May 8, 2023 by Robby Oakes

Last week’s economic news included reporting on construction spending, the Federal Reserve’s decision to raise its benchmark interest rate, and weekly readings on mortgage rates and jobless claims.

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

5 Important Questions to Ask When Buying New Construction

May 5, 2023 by Robby Oakes

Buying a new home is exciting. Buying a brand new home can be even more so with the realization of being the first owner and possibly being able to choose your own layout and finishes. The prospect of owning new construction is definitely exciting, but it doesn’t come without its own set of questions.

Filed Under: Home Buyer Tips Tagged With: Home Buyer, New Construction, Questions to ask

How the Purchase and Refinance Mortgage Process Works

May 4, 2023 by Robby Oakes

Determine your budget: Before you start shopping for a home, you need to figure out how much you can afford to spend. You can do this by calculating your monthly income, expenses, and debt, and getting pre-approved for a mortgage.

Filed Under: Mortgage Tagged With: budgeting, Mortgage, Refinance

DIY Improvements Do Not Have To Be Expensive: A Few Examples

May 3, 2023 by Robby Oakes

There are many do-it-yourself (DIY) home improvement projects that can be completed on a budget and still have a significant impact. Enhancing the appearance and functionality of your home doesn’t have to be costly or time-consuming.

Filed Under: Mortgage Tagged With: DIY Projects, Home Improvement Loan, Mortgage

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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