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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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It Isn’t Always a Clear Road after Pre-approval: 4 Reasons Why Your Mortgage May Be Denied

March 9, 2016 by Robby Oakes

So you’ve been pre-approved for a mortgage – great! You’ve taken the first step toward becoming a homeowner. But before you start picking out china patterns, you’ll want to keep in mind that a pre-approval isn’t the same thing as a mortgage agreement. There’s still no guarantee that you’ll actually get a mortgage.

But why would a lender deny a mortgage after pre-approving a borrower? Here’s what you need to know.

Filed Under: Home Buyer Tips Tagged With: Home Buyer Tips, Mortgage Approval Issues, Mortgage Tips

The Pros and Cons of A Fixed Rate Second Mortgage vs. Opening a Home Equity Line of Credit

March 8, 2016 by Robby Oakes

If you’re looking at paying off debt and are re-considering the equity in your home, here are a few things you’ll need to know about refinancing your mortgage and home equity lines of credit.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgages, Refinancing

What’s Ahead For Mortgage Rates This Week – March 7, 2016

March 7, 2016 by Robby Oakes

Last week’s scheduled economic news included reports on pending home sales, construction spending and several jobs related readings including ADP Payrolls, the government’s Non-Farm Payrolls and the national unemployment rate.

Filed Under: Financial Reports Tagged With: Interest Rates, Mortgage Rates, Pending Home Sales

Dream Renovations: Upgrading Your Bathroom from ‘Regular’ to ‘In-Home Spa’

March 4, 2016 by Robby Oakes

There are times you might long for the relaxed leisure of the spa experience, but with the cost of a manicure it’s not always a pleasure one can afford. If your current bathroom set-up isn’t the optimal place for rest and relaxation, here are some cues for how you can turn it from a bit of a problem to a consummate pleasure.

Filed Under: Around The Home Tagged With: Around The Home, Homeowner Tips, Upgrades and Renovations

The FHA Mortgage Minimum Credit Score Has Been Reduced. Here’s What You Need to Know…

March 3, 2016 by Robby Oakes

If you haven’t heard about the changes to the Federal Housing Administration’s (FHA) credit score minimum, here’s some information on the recent reduction and how it may impact your home purchase.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage Preapprovals and Credit, Mortgages

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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