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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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How To Find A New Home In A New City

August 3, 2023 by Robby Oakes

Research the neighborhoods: Start by researching the different neighborhoods in the city you are moving to. Look into the amenities, crime rates, school districts, and transportation options in each area to help you narrow down your search.

Filed Under: Mortgage Tagged With: New City, New Home, Relocate

How Much Equity Can I Borrow from My House

August 2, 2023 by Robby Oakes

In general, lenders typically allow you to borrow up to 80% of your home’s equity. For example, if your home is currently valued at $400,000 and you owe $200,000 on your mortgage, you may be able to borrow up to $160,000 (80% of the $200,000 in equity you have in your home).

Filed Under: Mortgage Tagged With: Equity, Mortgage

The Difference Between A Home Equity Loan Versus A HELOC

August 1, 2023 by Robby Oakes

When homeowners need to tap into the equity they’ve built in their homes, two popular options are Home Equity Loans (HEL) and Home Equity Lines of Credit (HELOC). Both types of loans allow homeowners to access funds for various purposes, such as home improvements, debt consolidation, or unexpected expenses. However, it’s essential to understand the differences between these two mortgage products to make an informed decision that aligns with your specific needs and financial goals. Here are some important differences between the two.

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

What’s Ahead For Mortgage Rates This Week – July 31, 2023

July 31, 2023 by Robby Oakes

The Federal Reserve raised its target interest rate range to 5.25 to 5.50 percent; this announcement signaled that rates for home loans and unsecured credit would also rise.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

Selling a House “As-Is”: Pros, Cons, and Considerations

July 26, 2023 by Robby Oakes

Selling a house as-is can be a viable option for homeowners looking for convenience and cost savings. However, it’s crucial to carefully consider the potential drawbacks, such as a lower sale price and limited buyer pool. Assessing the property’s condition, seeking professional advice, and evaluating the financial implications are essential steps in deciding whether selling a house as-is is the right choice for you.

Filed Under: Selling Your Home Tagged With: As-Is, Mortgage Tips, Selling Home

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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