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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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Do Not Get Spooked by Your Underwater Mortgage – How Refinancing Can Help You Escape

October 31, 2024 by Robby Oakes

It’s Halloween season, and while it’s fun to enjoy spooky decorations and scary movies, there’s nothing fun about feeling haunted by your mortgage–especially if you owe more on your home than it’s currently worth. If you’re feeling trapped in an underwater mortgage, don’t let it send chills down your spine!

Filed Under: Mortgage Tips Tagged With: Mortgage Freedom, Mortgage Refinance, Underwater Mortgage

Effective But Creative Ways to Save Money for a Down Payment

October 30, 2024 by Robby Oakes

Saving for a down payment can feel overwhelming, but with some creative strategies, you can make it happen faster than you think. Whether you’re a first-time homebuyer or looking to upgrade, these tips can help you reach your goal and set you on the path to homeownership.

Filed Under: Mortgage Tips Tagged With: Home Buying Tips, Mortgage Advice, Mortgage Goals

What is the Difference Between a Reverse Mortgage and a Home Equity Conversion Mortgage?

October 29, 2024 by Robby Oakes

Retirement planning is about ensuring you have a steady income stream to support yourself comfortably. For many retirees, tapping into the equity in their homes becomes an attractive option. Two terms often come up in this context: reverse mortgage and Home Equity Conversion Mortgage (HECM).

Filed Under: Mortgage Tagged With: Home Equity Conversion Mortgage, Mortgage, Reverse Mortgage

What’s Ahead For Mortgage Rates This Week – October 28th, 2024

October 28, 2024 by Robby Oakes

This week saw relatively light activity, primarily focused on discussions with the Federal Reserve Board. The only truly notable report released was the Consumer Sentiment Report, which happily reported that sentiment had risen for the month of October. Meanwhile, the Federal Reserve’s latest Beige Book survey noted a slight decline in manufacturing activity.

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

What Is A Mortgage Par Rate And How Does It Work

October 25, 2024 by Robby Oakes

Think of the par rate as the raw, default rate offered by a lender. It’s not the lowest rate you can get, nor is it inflated by any adjustments. Lenders determine the par rate based on a variety of factors, such as current market conditions, your credit score, the loan type, and the loan amount.

Filed Under: Mortgage Rates Tagged With: Mortgage Education, Mortgage Tips, Par Rate Explained

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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