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A Home Equity Loan Versus A HELOC

April 7, 2023 by Robby Oakes

If you are looking for a quick source of cash, you may have been told that you can tap into the equity in your home. If you have at least 20 percent equity in your home, you can borrow against that equity at a relatively low-interest rate for a quick source of funding. You might be deciding whether to apply for a home equity loan or a home equity line of credit, which is usually shortened to HELOC.

Filed Under: Mortgage Tagged With: HELOC, Home Equity, Mortgage

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

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

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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