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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

Rebuilding Costs: Rethinking How Much Homeowners Insurance You Really Need

March 30, 2023 by Robby Oakes

Buying a home comes with numerous financial planning obligations. It’s far from a turn-key operation and one of the significant challenges involves developing a working knowledge about things often outside your area of expertise.

Filed Under: Mortgage Tagged With: Homeowner's Insurance, Mortgage, Rebuilding

5 Tips for Crafting a Counter-offer That Doesn’t Scare Away a Potential Home Buyer

March 29, 2023 by Robby Oakes

If you’ve recently put your home up for sale, one of the most exciting parts of the selling process is getting an offer. However, all is not said and done once you’ve received an offer, as you’ll probably want to negotiate a better price. If you’re wondering how you can counter without losing a potential buyer, here are some tips when the time comes to negotiate.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Negotiations, Selling a Home

What’s Ahead For Mortgage Rates This Week – March 27, 2023

March 27, 2023 by Robby Oakes

Last week’s financial and economic reporting included readings on sales of new and previously-owned homes, along with weekly data on mortgage rates and jobless claims.

Filed Under: Financial Reports Tagged With: Financial Report, Home Sales, Mortgage Rates

3 Things That Will Absolutely Kill Your Chances for a Mortgage Approval

March 24, 2023 by Robby Oakes

Avoid these three mortgage-killing habits while your lender evaluates your loan and you’ll quickly find yourself holding the keys to your new home.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage Preapprovals and Credit, Mortgages

Mortgage Interest Rate Versus APR: What To Know

March 23, 2023 by Robby Oakes

When you go through the process of applying for a mortgage, you need to make sure you understand all of the terms on the page. Two of the most common numbers you will come across include the mortgage rate and the APR. Many people associate both of these numbers with interest rates, but you will probably notice that they are not quite the same. What are the differences between these two numbers, and how are they going to impact your mortgage loan?

Filed Under: Mortgage Tagged With: APR, Mortgage, Mortgage Rates

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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