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Robby Oakes Mortgage Team
A North Carolina Mortgage Originator Committed
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Serving Chapel Hill, Durham, Raleigh, Greensboro, Wilmington, Charlotte, Morehead City and all of North Carolina.

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What is a Bridge Loan and How Does it Work?

May 18, 2023 by Robby Oakes

A bridge loan, also known as interim financing, is a short-term loan used to provide temporary financing until a borrower secures long-term financing or sells an asset. Bridge loans are commonly used in real estate transactions, such as when a buyer needs to close on a new home before selling their current home.

Filed Under: Mortgage Tagged With: Bridge Loans, Mortgage

What You Need To Know About Your Home Appraisal And Your Mortgage

May 17, 2023 by Robby Oakes

When buying a home, there are certain steps a buyer should go through before the home sale is official. First the buyer makes the offer, then the offer is accepted.

Filed Under: Mortgage Tagged With: Appraisal, Mortgage, Value

Buying A Home With Cash Versus Low Interest Rate Mortgages

May 16, 2023 by Robby Oakes

When deciding whether to buy a home with cash or to obtain a low-interest-rate mortgage, there are several factors to consider. A cash offer can be very competitive in a real estate market, as it can give the buyer a significant advantage over buyers who need to obtain financing through a mortgage.

Filed Under: Mortgage Tagged With: Cash or Finance, Interest Rates, Mortgage

What’s Ahead For Mortgage Rates This Week – May 15, 2023

May 15, 2023 by Robby Oakes

The U.S. Labor Department reported the month-to-month pace of inflation rose by 0.40 percent in April and matched analysts’ expectations. April’s reading surpassed the March reading of 0.10 percent month-to-month inflationary growth. Inflation rose by 4.90 percent year-over-year in April. Analysts expect inflationary growth to continue, but at a slower pace through 2023.

Filed Under: Financial Reports Tagged With: Case Shiller, Financial Report, Mortgage Rates

Should You Help Your Kids Pay for Their Mortgage?

May 12, 2023 by Robby Oakes

It’s important to evaluate your own financial situation before deciding whether to help your kids pay for their mortgage. Make sure that you can afford to provide financial assistance without jeopardizing your own financial security.

Filed Under: Mortgage Tagged With: Helping Your Children, Mortgage, Taxes

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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