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How to Run a Quick Financial Health Check Before You Apply for a Mortgage

April 13, 2023 by Robby Oakes

Are you planning on using a mortgage to help cover the cost of a new home? If so, you will want to prepare your finances and figure out how you will manage all those wallet-draining monthly expenses. Let’s take a look at how to run a quick financial health check to ensure you are ready to apply for a mortgage.

Filed Under: Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage Tips, Real Estate

How Young Is ‘Too Young’ to Buy Your First Home? Getting Started Early Has Its Ups and Downs

April 12, 2023 by Robby Oakes

Many millennials are expected to enter the housing market in the next year with the interest rates still low. However, while it may be a good time, it does not necessarily mean that it’s the right time for you to make the investment. If you’re currently weighing your options when it comes to home ownership, here are some things to consider before you decide put the money down.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Real Estate Tips

What You Need To Know About A VA Construction Loan

April 11, 2023 by Robby Oakes

Do you plan on building your dream home? If you are a veteran, you may qualify for a VA construction loan. This could help you save a significant amount of money as you build your dream house, but it is important to understand the details.

Filed Under: Mortgage Tagged With: Construction Loan, Mortgage, Va Loan

What’s Ahead For Mortgage Rates This Week – April 10, 2023

April 10, 2023 by Robby Oakes

Last week’s economic reporting included readings on construction spending and labor sector readings on employment and the national unemployment rate for March. Weekly readings on mortgage rates and jobless claims were also released.

Filed Under: Financial Reports Tagged With: Case Schiller, Financial Reports, Jobless Claims

A Home Equity Loan Versus A HELOC

April 7, 2023 by Robby Oakes

If you are looking for a quick source of cash, you may have been told that you can tap into the equity in your home. If you have at least 20 percent equity in your home, you can borrow against that equity at a relatively low-interest rate for a quick source of funding. You might be deciding whether to apply for a home equity loan or a home equity line of credit, which is usually shortened to HELOC.

Filed Under: Mortgage Tagged With: HELOC, Home Equity, Mortgage

Why Your ‘Debt-to-Income Ratio’ Number Matters When Obtaining a Mortgage

April 6, 2023 by Robby Oakes

If you are looking to buy a home, you may want to consider shopping for a loan first. Having your financing squared away ahead of time can make it easier to be taken seriously by buyers and help move along the closing process. For those who are looking to get a mortgage soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application.

Filed Under: Mortgage Tips Tagged With: credit, DTI, Mortgage Tips

How To Successfully Use Your Down Payment to Achieve Your Home Buying Goals

April 5, 2023 by Robby Oakes

When you are considering purchasing a home, understanding the lending guidelines regarding a down payment is important.

Filed Under: Mortgage Tagged With: Down Payment, Mortgage, Seasoning

Tired of Waiting for Summer? 3 DIY Projects That Will Keep You Busy Until the Weather Warms Up

April 4, 2023 by Robby Oakes

Do you find yourself staring out the window, longing for an early sunrise, hot days and late evenings? With spring just around the corner, it might feel like summer is a lifetime away. However, the good news is that you can be productive around the home while you wait for summer to arrive. Let’s take a quick look at three easy do-it-yourself projects that will keep you busy until the summer sun is shining.

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

What’s Ahead For Mortgage Rates This Week – April 3, 2023

April 3, 2023 by Robby Oakes

Last week’s economic reporting included readings on home prices, inflation, and pending home sales. Weekly readings on mortgage rates and jobless claims were also published.

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

White Lies That Could Make It Harder To Buy A Home

March 31, 2023 by Robby Oakes

Right now, the real estate market is very competitive, and you might be tempted to use a few white lies to make your offer seem more competitive. No matter how much you want to purchase a home, you need to make sure you are completely honest and open when you go through the process from start to finish.

Filed Under: Mortgage Tagged With: Application, Honesty, Mortgage

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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