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

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Should You Use Home Equity to Pay for College?

January 31, 2025 by Robby Oakes

Higher education can be one of the most significant financial investments you’ll make, second only to purchasing a home. While federal loans are a common method for covering college costs, using your home’s equity is another option to consider.

Filed Under: Mortgage Tagged With: College Costs, Education Funding, Home Equity

Can You Buy Land with a VA Loan?

January 30, 2025 by Robby Oakes

The VA loan program offers exceptional benefits to veterans, active-duty service members, and eligible surviving spouses, including no down payment, competitive interest rates, and no private mortgage insurance (PMI). But what about buying land?

Filed Under: Mortagage Tips Tagged With: Land Purchase, VA Loans, Veterans Benefits

Can You Be a First-Time Homebuyer Again?

January 29, 2025 by Robby Oakes

Purchasing a home is a significant milestone, and first-time homebuyer programs make the process easier for many stepping into homeownership. But what if you’ve owned a home before or are currently a homeowner?

Filed Under: Home Financing Tips Tagged With: Affordable Housing, First Time HomeBuyer, Home Buying Tips

What to Do If Interest Rates Drop After Getting a Mortgage

January 28, 2025 by Robby Oakes

When securing a mortgage, buyers aim to lock in the best possible interest rate. But what if interest rates fall after you’ve closed on your loan? Are you stuck with your current rate?

Filed Under: Home Mortgage Tips Tagged With: Lower Interest Rates, Mortgage Tips, Refinance Options

What’s Ahead For Mortgage Rates This Week – January 27th, 2025

January 27, 2025 by Robby Oakes

With the holiday of the previous week in addition to an extremely light release week, only the Consumer Sentiment report is weighing in on the lending markets. With both the inflation reports showing inflation cooling off, there is still some optimism about where the Federal Reserve will take things. This optimism is only cooled by the uncertainty the new presidency will bring. Many markets have responded in kind, with lending partners showing a trend of increasing rates and other markets preparing for uncertainty. Within the next few months, we will see how the new administration intends to handle monetary policy. This will have a greater impact than the Federal Reserve on the direction things will be headed in the future. Next week will be the first FOMC Rate Decision of the year, with many being optimistic about a potential rate cut with the recent inflation data.

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

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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