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Can I Finance Home Renovations Into My Mortgage at Closing?

April 25, 2025 by Robby Oakes

Purchasing a home that needs renovations or upgrading your current home can be costly, but financing home improvements through your mortgage can be an effective solution. Instead of taking out a separate loan for renovations, some mortgage programs allow you to roll the cost of home improvements into your home loan at closing. This strategy can help you spread renovation costs over time while securing a potentially lower interest rate compared to personal loans or credit cards.

Filed Under: Home Buyer Tips Tagged With: Home Buying, Home Renovation, Mortgage Tips

How Debt-to-Income Ratio Affects Your Mortgage Eligibility

March 18, 2025 by Robby Oakes

When applying for a mortgage, lenders evaluate several factors to determine your loan eligibility. One of the most critical metrics is your Debt-to-Income Ratio (DTI). Understanding how DTI impacts mortgage approval can help you better prepare for homeownership and improve your chances of securing the loan you need.

Filed Under: Home Buyer Tips Tagged With: Debt To Income Ratio, Home Buying Tips, Mortgage Approval

How Obtaining a Mortgage Can Impact Your Credit Score

February 13, 2025 by Robby Oakes

When considering homeownership, many potential buyers wonder: Will getting a mortgage help my credit score? The answer is yes–if managed correctly. A mortgage is a major financial commitment, but it can also be a powerful tool for building and maintaining strong credit. Here’s how a mortgage can affect your credit score and what you should keep in mind.

Filed Under: Home Buyer Tips Tagged With: Credit Score, Home Buying Tips, Mortgage Tips

Is It Time to Stop Paying Rent and Start Building Equity?

January 23, 2025 by Robby Oakes

Have you ever calculated how much rent you’ve paid over the years? It’s a staggering number. According to studies, the average American spends between $133,000 and $155,000 on rent in just six to seven years. Let’s break that down and explore what it means for your financial future–and how you might be able to change that narrative.

Filed Under: Home Buyer Tips Tagged With: Build Equity, Home Buying Tips, Stop Renting

How Mortgage Rates Affect Your Home Buying Power

January 17, 2025 by Robby Oakes

Mortgage rates play a significant role in determining how much home you can afford. These rates influence the cost of borrowing money for your mortgage, which directly impacts your monthly payment and, ultimately, your home buying power.

Filed Under: Home Buyer Tips Tagged With: Dream Home Goals, Home Buying Power, Mortgage Advice

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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