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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

Is It Worth It to Put More Than 20 Percent Down?

February 1, 2023 by Robby Oakes

Are you thinking of buying a new home this spring or summer? If so, you’re not alone. Many thousands of individuals and families alike will become homeowners this year. Whether you’re a first-time buyer or a seasoned veteran of the housing market, you probably know there are significant choices to make. One of the big decisions you will have to ponder is how much you want to invest in your down payment.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Down Payments, Home Buyer Tips

What You Need To Know About A Closed-End Second Mortgage

January 31, 2023 by Robby Oakes

A home is probably one of the most expensive purchases you will ever make. It is important for you to understand all of the options available to you, particularly if you need a quick source of cash, and you might be thinking about taking out a second mortgage.

Filed Under: Mortgage Tagged With: Loan Options, Mortgage, Second Mortgage

What’s Ahead For Mortgage Rates This Week – January 30, 2023

January 30, 2023 by Robby Oakes

Last week’s economic reporting included readings on new and pending home sales, inflation, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.

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

Getting A Mortgage When Self-Employed: What You Need To Know

January 26, 2023 by Robby Oakes

There is a common misconception that someone who is self-employed will not have the tax records or income necessary to qualify for a mortgage; however, that is not necessarily the case. In reality, if you are self-employed, there are a lot of home loan options available to you.

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

On Time, Every Time: How Being Late on Monthly Payments Can Affect Your Mortgage

January 25, 2023 by Robby Oakes

Are you the type of person that struggles with remembering to pay their bills on time? You’re not alone. People across the country regularly submit late monthly payments, inflicting terrible damage to their credit. Let’s take a quick look at how paying your monthly payments late can have a negative impact on your mortgage.

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

What Is A Loan Contingency: An Overview

January 24, 2023 by Robby Oakes

If you are in the process of looking for a new home, you need to find the right one to meet your needs. Sometimes, you want to learn more about specific properties before you decide if it is right for you.

Filed Under: Mortgage Tagged With: Loan Contingency, Mortgage

What’s Ahead For Mortgage Rates This Week – January 23, 2023

January 23, 2023 by Robby Oakes

Last week’s economic reporting included readings from the National Association of Home Builders on U.S. housing markets, and Commerce Department data on housing starts and building permits issued.

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

An Often-Overlooked Trick Can Help You Afford A Second House

January 20, 2023 by Robby Oakes

The whole idea of investing is to use a portion of your money now to get more down the road. It is important for everyone to diversify their investments, and you might be thinking about buying a second house to do so. Investing in real estate is a goal that a lot of people have, but how can you get started? It was challenging enough to buy your first house, so how can you afford a second one?

Filed Under: Mortgage Tagged With: Cash Out Refi, Mortgage

VA Loans: Are They Assumable?

January 19, 2023 by Robby Oakes

Members of the military, their family members, and veterans have access to a unique mortgage option called a VA loan. This can be a strong option because it provides borrowers with an opportunity to purchase a house for less than 20 percent down. While not everyone is eligible for a VA loan, there are a lot of people who are wondering, are VA loans assumable? There are a few key points to keep in mind.

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

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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