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Can One Missed Mortgage Payment Affect Your Credit Rating? Yes! Here’s What to Do if You Miss One

July 24, 2014 by Robby Oakes

Most people don’t know whether or not a single missed mortgage payment can have serious consequences for their credit score.

Filed Under: Home Mortgage Tips Tagged With: Credit Rating, Mortgage Financing, Mortgage Loan Information

Is Now the Time to Consider a 15-Year Mortgage? Five Reasons to Give the 15Y Another Look

July 22, 2014 by Robby Oakes

A 15-year fixed mortgage is, as its name suggests, a mortgage that’s paid off after 15 years. Since it amortizes fully, after that amount of time you won’t have to pay anything else. This type of mortgage has a lot of benefits, and in this article we’ll share just a few of them.

Filed Under: Home Mortgage Tips Tagged With: 15 Year Mortgage, Mortgage, Mortgage Amortization

An Insider’s Guide to Reducing Your Remaining Mortgage Years Through a Smart Refinance

July 17, 2014 by Robby Oakes

Is it always the best idea to pay off a mortgage over 30 years? While it may help a homeowner lower his or monthly payment, it can mean paying more in interest and waiting several more years to build sufficient equity in the home.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage, Refinance, Refinancing

Nearing Retirement? Three Reasons Why You Might Consider a ‘Reverse Mortgage’

July 10, 2014 by Robby Oakes

If you are nearing retirement, a reverse mortgage might be right for you. This type of mortgage essentially allows you to turn your home equity into cash. If you find yourself with little money, a reverse mortgage could be the perfect solution, and here’s why.

Filed Under: Home Mortgage Tips Tagged With: Home Financing, Retirement, Reverse Mortgage

Mortgage Budgeting 101: How to Determine What You Can and Can’t Afford

July 8, 2014 by Robby Oakes

When taking on a new mortgage it is important to know that you can afford to carry the debt load involved, as many people find themselves in financial trouble by spending more on real estate than they can comfortably maintain.

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

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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