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

Real Estate Terminology 101: What Exactly Is A “Buyer’s Market”?

August 12, 2015 by Robby Oakes

If you’ve been following the real estate and mortgage industry for any length of time, you’ve probably heard the phrase “buyer’s market” at some point. And although the meaning may seem apparent, it takes some study to understand what actually constitutes a buyer’s market. Who decides whether it’s a buyer’s or seller’s market? What’s the threshold for deciding between the two? Hereâs what you need to know.

Will Missing Mortgage Payments Impact My FICO Score? Yes – and Here’s How

August 11, 2015 by Robby Oakes

If you’re like most homeowners, you probably believe that one missed mortgage payment won’t have a noticeable impact on your FICO score. People get behind now and then, and besides, you’ve been faithfully making payments on time for years. How bad could it be?

What’s Ahead For Mortgage Rates This Week – August 10, 2015

August 10, 2015 by Robby Oakes

This week’s scheduled economic news includes reports on construction spending, a survey of senior loan officers, and reports on labor markets including ADP private sector jobs, the federal government’s reports on non-farm payrolls, core inflation and the national unemployment rate.

Tiny, but Cozy: 3 Ways to Furnish Small Spaces to Make Them Feel Much Larger

August 7, 2015 by Robby Oakes

When decorating a small space, there is a general desire to make the space look and feel larger than it is while also meeting basic functional needs in the room. By following a few important tips, it is possible to furnish smaller spaces so that they are functional and do not feel cramped.

3 Closing Costs That Most Buyers Forget to Factor in and What You Can Expect to Pay

August 6, 2015 by Robby Oakes

If you’re in the process of buying a home, you probably have your deposit and monthly mortgage charges in a spreadsheet, along with a chart of your other expenses and your monthly income. But when it comes to buying a home, there are lots of different costs that will come into play – and it’s easy to forget something. When you’re preparing to close on your new home, make sure you consider these three closing costs that most buyers forget.

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