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Serving Chapel Hill, Durham, Raleigh, Greensboro, Wilmington, Charlotte, Morehead City and all of North Carolina.

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How Young Is ‘Too Young’ to Buy Your First Home? Getting Started Early Has Its Ups and Downs

April 12, 2023 by Robby Oakes

Many millennials are expected to enter the housing market in the next year with the interest rates still low. However, while it may be a good time, it does not necessarily mean that it’s the right time for you to make the investment. If you’re currently weighing your options when it comes to home ownership, here are some things to consider before you decide put the money down.

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

What You Need To Know About A VA Construction Loan

April 11, 2023 by Robby Oakes

Do you plan on building your dream home? If you are a veteran, you may qualify for a VA construction loan. This could help you save a significant amount of money as you build your dream house, but it is important to understand the details.

Filed Under: Mortgage Tagged With: Construction Loan, Mortgage, Va Loan

What’s Ahead For Mortgage Rates This Week – April 10, 2023

April 10, 2023 by Robby Oakes

Last week’s economic reporting included readings on construction spending and labor sector readings on employment and the national unemployment rate for March. Weekly readings on mortgage rates and jobless claims were also released.

Filed Under: Financial Reports Tagged With: Case Schiller, Financial Reports, Jobless Claims

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

Why Your ‘Debt-to-Income Ratio’ Number Matters When Obtaining a Mortgage

April 6, 2023 by Robby Oakes

If you are looking to buy a home, you may want to consider shopping for a loan first. Having your financing squared away ahead of time can make it easier to be taken seriously by buyers and help move along the closing process. For those who are looking to get a mortgage soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application.

Filed Under: Mortgage Tips Tagged With: credit, DTI, Mortgage Tips

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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