Robby Oakes Mortgage - Chapel Hill Mortgage Lender | Robby's Blog about Mortgages in Raleigh, Durham, Chapel Hill, and Crystal Coast area of NC

How Can I Get Removed from a Mortgage as a Co-Signer?

February 7, 2025 by Robby Oakes

Being a co-signer on a mortgage can be a significant financial commitment, one that you might not want to maintain indefinitely. Whether your circumstances have changed, or the primary borrower is now in a position to manage the loan independently, it’s understandable to want to remove your name from the mortgage.

Ensure a Stress-Free Home Purchase with These Gift Fund Tips

February 6, 2025 by Robby Oakes

Imagine you are about to purchase your dream home, and a generous financial gift from family or friends is making it possible. It’s a moment to celebrate! But did you know that mishandling gift funds can lead to delays, added stress, or even jeopardize your loan approval?

What’s the Difference Between a Second Mortgage and a Home Equity Loan?

February 5, 2025 by Robby Oakes

If you’ve been diligently paying down your mortgage, you’ve likely built up a valuable asset: home equity. This financial resource can be a game-changer, offering opportunities to fund major expenses, consolidate debt, or tackle unexpected financial challenges.

Let’s Chat! How to Get Prepared for Your House-Hunting Journey

February 4, 2025 by Robby Oakes

Imagine that you are exploring your city or a new city and you stumble upon your dream home. It is perfect! With an open kitchen for entertaining, a backyard oasis for relaxation, and all the space you’ve envisioned.

What’s Ahead For Mortgage Rates This Week – February 3rd, 2025

February 3, 2025 by Robby Oakes

The previous week’s reins were held by the Federal Reserve’s Rate Decision and also the preferred inflation indicator, the PCE Index. With the PCE Index coming in well above the Federal Reserve’s 2% target, it suggests that rate cuts may be postponed much longer this year than initially anticipated.

Looking ahead, the upcoming week features the CPI and PPI inflation data reports, making for a busy schedule. However, this week’s reports are relatively limited in terms of significant market impact. The most notable releases include Unemployment Data and U.S. Wages, both of which will complement the inflation data to provide a broader outlook on the economy’s trajectory. Additionally, the Consumer Sentiment and Consumer Credit reports may offer insight into consumer conditions amid a changing administration and ongoing inflation. Notably, inflation has had a strong impact on markets such as eggs and livestock poultry, which have reached all-time high prices in the past decade.

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