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Non-QM Home Loans: How Do They Work?

September 21, 2022 by Robby Oakes

There are a lot of people who dream of owning a home one day, but few people have the cash to purchase a home outright. Therefore, you will probably need to take out a loan to buy a house; however, what happens if you cannot qualify for a loan with the traditional loan requirements? If you are not a W2 employee, you may need to go with a Non-QM loan. What do you need to know?

Filed Under: Mortgage Tagged With: 1099 Employment, Mortgage, Non-QM Loan

Ready to Buy Your First Home? Don’t Forget to Check Your Credit Score – Here’s Why

September 20, 2022 by Robby Oakes

If you are planning on engaging with a mortgage lender, you’ll need to have your finances in order. In today’s post, we’ll share a few key reasons why you’ll want to check your credit score well in advance of buying your first home.

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

What’s Ahead For Mortgage Rates This Week – September 19, 2022

September 19, 2022 by Robby Oakes

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

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

Man Vs. Machine: Why Using a Human Mortgage Professional Is Better Than Trusting an App

September 16, 2022 by Robby Oakes

Are you currently house-hunting or plan to be in the near future? If you plan on using mortgage financing to pay for your home, you will soon discover that there’s no shortage of options available to you. You can meet with a local mortgage professional, apply for mortgages online and even download mobile apps that promise to set you up with a mortgage. However, is every option equal?

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Applications

What To Know About Your Debt-To-Income Ratio When Buying A Home

September 15, 2022 by Robby Oakes

When you apply for a mortgage, your lender will do some quick math to figure out how much of a loan you can afford. Your lender will consider many factors, and one of the most important ones is your debt-to-income ratio.

Filed Under: Mortgage Tagged With: Credit Score, Debt to Income, Mortgage

The Quick and Easy Guide to Determining How Big of a Mortgage Your Family Can Afford

September 14, 2022 by Robby Oakes

Are you shopping around for a new house or apartment? One of the key considerations you will need to make is figuring out how much you want to invest in your new home. Below you’ll find our quick and easy guide to determining just how much “house” you can afford. Let’s get started!

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Applications

The Minimum Credit Score For VA Home Loan Approval: What To Know

September 13, 2022 by Robby Oakes

When you are applying for a home loan, you need to make sure that you meet the minimum credit score requirements. If you decide to go with a traditional loan, the credit limit can be high, making it hard to qualify for a home loan. In contrast, you might be able to qualify for a VA home loan with a much lower credit score. What do you need to know?

Filed Under: Mortgage Tagged With: Credit Score, Mortgage, VA Loans

What’s Ahead For Mortgage Rates This Week – September 12, 2022

September 12, 2022 by Robby Oakes

Last week’s economic reporting was minimal due to the Labor Day Holiday. Fed Chair Jerome Powell Weekly readings on mortgage rates and jobless claims were also released.

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

Important Things To Know Before Signing Your Reverse Mortgage

September 9, 2022 by Robby Oakes

There are many reasons people take out reverse mortgages. However, this option is usually considered by cash-strapped seniors who own their homes and are looking to ease the burden of their golden years. The beauty of reverse mortgages is that you’ll receive money as long as you are current on property taxes and homeowners insurance.

Filed Under: Mortgage Tips Tagged With: Home Buyer Tips, Mortgage Tips, Reverse Mortgage

The Top Tips For Finding The Right Home

September 8, 2022 by Robby Oakes

If you are in the process of looking for a new home, you have probably realized that there are lots of options available. It can be very difficult to decide which home is right for you, but there are several important tips you should keep in mind. They include:

Filed Under: Home Buyer Tips Tagged With: Home Improvement, Mortgage Tips, Neighborhood

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Robby Oakes


Robby Oakes

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NMLS# 91606

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