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Tackling Debt with a Cash-Out Refinance: Is This Strategy Right for You?

August 30, 2024 by Robby Oakes

Credit card debt in the U.S. has surged to an unprecedented level, climbing by $50 billion last year to a staggering $1.13 trillion. This highlights the financial strain many individuals and families are experiencing, making effective debt management more crucial than ever. One potential strategy to consider is a cash-out refinance on your home.

Filed Under: Mortgage Tagged With: Cash Out Refinance, Debt Relief, Mortgage

What is a Flex Payment Mortgage?

August 14, 2024 by Robby Oakes

Understanding your options when shopping for a mortgage is crucial to making the best financial decisions. One option that is not well known is the Flex Payment Mortgage. But what exactly is it, and how can it benefit you?

Filed Under: Mortgage Tagged With: Flexible Payments, Mortgage Flexibility, Mortgage Tips

How to Leverage Down Payment Assistance (DPA) Loans for Your Home Purchase

July 30, 2024 by Robby Oakes

Purchasing a home is a significant milestone, but the process can be intimidating, especially when it comes to saving for a down payment. Fortunately, Down Payment Assistance (DPA) loans offer a solution that can make homeownership more accessible.

Filed Under: Mortgage Tagged With: Down Payment Assistance, Home Buying, Home Ownership

Fixed vs. Graduated vs. Interest-Only Mortgage Amortization

July 25, 2024 by Robby Oakes

When selecting a mortgage, one of the most critical decisions is choosing the right amortization schedule. This choice significantly impacts your monthly payments and the total interest you’ll pay over the life of the loan.

Filed Under: Mortgage Tagged With: Fixed Rate Mortgage, Graduated Mortgage, Interest Only Mortgage

Can You Refinance a Reverse Mortgage Loan?

July 18, 2024 by Robby Oakes

When you first opted for a reverse mortgage, it might have felt like the perfect solution to tap into your home equity and enjoy your retirement without monthly mortgage payments. As time passes, your financial situation, goals, or the market itself can change, making you wonder:

Filed Under: Mortgage Tagged With: Financial Planning, Refinancing Home, Reverse Mortgage

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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