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

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Do VA Entitlements Ever Expire?

October 3, 2024 by Robby Oakes

The VA home loan program is one of the most valuable benefits offered to those who have served in the U.S. military, providing veterans and active-duty personnel with access to favorable mortgage terms. One common question is whether these VA entitlements ever expire.

Filed Under: Mortgage Tagged With: Mortgage Entitlement , VA Home Loans, Veterans Benefits

Steps to Take Now to Build Your Credit for a Home Purchase Next Year

October 2, 2024 by Robby Oakes

If you’re thinking about buying a new home next year, there’s one important factor to consider before you start browsing listings–your credit score. A strong credit score can make a huge difference in the interest rates you will qualify for and can also determine your mortgage approval.

Filed Under: Credit Scoring Tagged With: Credit Score, Credit Tips, Mortgage Ready

How Much Equity Can You Borrow Today?

October 1, 2024 by Robby Oakes

Your home equity represents one of your most valuable assets. When it comes to borrowing against that equity, many homeowners question how much can they borrow. Understanding the amount of equity you can tap into today is essential, especially if you’re considering a home equity loan or line of credit (HELOC) for major expenses like home improvements, debt consolidation, or other financial needs.

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

What’s Ahead For Mortgage Rates This Week – September 30th, 2024

September 30, 2024 by Robby Oakes

With the release of the PCE Index data, we are seeing the trend hold as inflation continues to slow down. This gives the Federal Reserve room to continue its rate cuts in the future. Following the positive news for inflation data, the GDP has also seen a larger-than-expected growth of 3% this quarter. The only data running against the tide is the Consumer Confidence reports, which reported to show that consumers are at their most anxious since 2021. We should expect a greater impact on the lending and broader markets ahead of the elections.

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

VA vs FHA vs USDA What’s the Difference?

September 27, 2024 by Robby Oakes

You may have more options than you think when it comes to securing a mortgage for your new home. While many buyers opt for conventional financing, another option or program might be a better choice for you, depending on your personal and financial situation. Learning more about FHA, USDA, and VA loans ensures you get the best possible deal for your mortgage and that you secure the loan that you need for your new home. Here’s what you need to know about these useful mortgage options.

Filed Under: Mortgage Tagged With: Loan Options, Mortgage, VA Loans

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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