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Thinking About a New Home? 3 Reasons Why a Mortgage Will Be the Best Money You Ever Borrow

February 15, 2023 by Robby Oakes

In these days of low interest rates, it can be a great idea to get into the real estate market and invest in a home. However, if you don’t have the funds saved up to buy a home outright, it may seem like more of a burden than it’s worth. The good news is that you might qualify for a mortgage loan, which tend to come with more favorable terms than a traditional bank loan. Here are three reasons why a mortgage might just be the best money you ever borrow.

Filed Under: Mortgage Tips Tagged With: Down Payments, Home Mortgage Tips, Mortgage

What To Know About The 2-1 Buydown Program

February 14, 2023 by Robby Oakes

You are probably excited to close on your home, but you may have also seen that your interest rate might be a bit higher. If you are looking for a way to save money, particularly if you have a lot of work to do on the home, you might be looking for a way to reduce your interest rate during the first couple of years. One option is to perform a 2-1 buydown. What do you need to know about this option, and how do you know if it is right for you?

Filed Under: Mortgage Tagged With: 2-1 Buy down, Mortgage

What’s Ahead For Mortgage Rates This Week – February 13, 2023

February 13, 2023 by Robby Oakes

Last week’s economic reporting included coverage of Federal Reserve Chair Jerome Powell’s speech to the Economic Club of Washington and the University of Michigan’s data on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also published.

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

3 Reasons Why Buying an Investment Property Is the Best Way to Build Your Net Worth

February 10, 2023 by Robby Oakes

Whether you have recently graduated from college or are getting close to retirement, it’s likely that you have given some thought as to how you can grow your net worth. You might have invested in stocks, picked up a few bonds or have a 401(k) plan set up to help fund your retirement. But have you considered buying real estate as part of your portfolio?

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

What Is an Assumable Mortgage Loan: What You Need To Know

February 9, 2023 by Robby Oakes

Everything has its benefits and drawbacks, and that includes mortgage loans. There are plenty of options available, and you need to find the best one to meet your needs. You have probably heard about conventional mortgages, FHA loans, and even VA loans. On the other hand, have you heard about assumable mortgages? What do you need to know about this option, and how do you know if it is right for you?

Filed Under: Mortgage Tagged With: Assumable Loans, Mortgage, Mortgage Rates

ITIN Loans: Are These Loans Right For You?

February 8, 2023 by Robby Oakes

As you take a look at your mortgage options, you might find that a conventional mortgage presents a few qualification challenges.

Filed Under: Mortgage Tagged With: ITIN, Mortgage, Mortgage Loans

Why Your Kitchen Features Matter

February 7, 2023 by Robby Oakes

If you are interested in purchasing a house in the near future, you need to pay close attention to your kitchen. The kitchen is considered to be the heart of the home, and you need to make sure the kitchen is laid out appropriately.

Filed Under: Mortgage Tagged With: Home Features, Kitchen, Mortgage

What’s Ahead For Mortgage Rates This Week – February 6, 2023

February 6, 2023 by Robby Oakes

Last week’s economic reporting included readings on home price growth from S&P Case-Shiller and the Federal Housing Finance Administration. Monthly reports on job growth and unemployment were released by the federal government and ADP. Weekly readings on mortgage rates and jobless claims were also released.

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

3 Tips To Consider When Buying A Home With An FHA Mortgage

February 3, 2023 by Robby Oakes

FHA loans are becoming increasingly popular these days as potential homeowners may not able to qualify for mortgages from traditional lenders. The FHA insures some higher-risk loans, in turn allowing borrowers with low down payments and less than perfect credit to purchase homes and bolster the housing market.

Filed Under: Mortgage Tagged With: FHA Loans, Mortgages

S&P Case-Shiller Home Price Indices: Home Prices Fall In November

February 2, 2023 by Robby Oakes

U.S. home prices continued to fall in November according to S&P Case-Shiller’s month-to-month national and 20-city home price indices, but home price growth rates remained in positive territory year-over-year. The national home price index posted a 7.70 percent year-over-year home price growth rate as of November 2022.

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

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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