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Robby Oakes Mortgage Team
A North Carolina Mortgage Originator Committed
to Service and Transparency

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

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What Is A Home Loan Offset Account And How Does It Work?

October 10, 2024 by Robby Oakes

Looking for ways to reduce the amount of interest you pay on your mortgage and shorten its lifespan? A home loan offset account might be the solution.

Filed Under: Home Mortgage Tagged With: Home Loan Offset, Mortgage Savings, Reduce Interest

Does Your Home Loan Have a Prepayment Penalty?

October 9, 2024 by Robby Oakes

Buying a home is a huge milestone, and the excitement of closing can lead many buyers to quickly accept any mortgage offer without fully understanding its terms. One important detail to watch for is whether your mortgage includes a prepayment penalty.

Filed Under: Mortagage Tips Tagged With: Home Loan Tips, Mortgage Advice, Prepayment Penalty

Consolidate Credit Card Debt with a Cash-Out Refinance

October 8, 2024 by Robby Oakes

If you’re feeling overwhelmed by credit card debt, a cash-out refinance may be an effective way to manage it. This type of mortgage allows you to utilize your home’s equity to pay off high-interest credit cards, consolidating them into a single, lower-interest mortgage payment.

Filed Under: Credit Scoring Tagged With: Cash Out Refinance, Debt Consolidation, Home Equity

What’s Ahead For Mortgage Rates This Week – October 7th, 2024

October 7, 2024 by Robby Oakes

Last week was a fairly light week, with the non-farm payroll data being the most significant release. The data showed that payrolls are growing at a faster rate than historical trends suggest, which could indicate that inflation is still above the Federal Reserve’s target. In contrast, the upcoming week has a busy schedule, with many important economic releases lined up back to back.

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

How to Get a Mortgage Without a Credit Score

October 4, 2024 by Robby Oakes

Getting a mortgage without a credit score may seem like a tough task, but it is possible. Many assume that a credit score is a must, but if you don’t have one, you can still pursue your dream of homeownership. Here’s how.

Filed Under: Credit Scoring Tagged With: FHA Loan, Mortgage Without Credit, No Credit Score

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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