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

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The Role of a Co-Signer in Mortgage Applications: Pros, Cons, and Alternatives

May 1, 2024 by Robby Oakes

Are you dreaming of owning your own home but facing obstacles in securing a mortgage? You’re not alone. Many aspiring homeowners encounter challenges due to factors like credit history, income, or debt-to-income ratio. There is a potential solution that could help you achieve your homeownership goals: a cosigner.

Filed Under: Mortgage Application Tagged With: Co-Signer, Mortgage, Mortgage Approval

Choosing Between a Home Equity Loan and HELOC

April 30, 2024 by Robby Oakes

As a homeowner, tapping into your home equity can be a strategic financial move. Whether you’re renovating your house, consolidating debt, or covering major expenses, two popular options stand out: home equity loans and home equity lines of credit (HELOCs).

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

What’s Ahead For Mortgage Rates This Week – April 29th, 2024

April 29, 2024 by Robby Oakes

At Wednesday’s meeting, the Federal Open Market Committee (FOMC) is widely expected to maintain the current federal funds rate target range of 5.25% to 5.50%. This decision comes amidst conflicting economic signals. Tailing that, there is the Chicago PMI, Non-farm Payrolls, and the full release of the Consumer Confidence report. All of these are expected to match current economic conditions.

The prior week’s GDP numbers also factor into the equation, informing that economic growth has slowed this year compared to the previous year for Quarter 1. The PCE Index, the Federal Reserve’s preferred choice of inflation indicators, has shown inflation is within expectations but the whole picture is clear.

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

Making Homeownership a Reality: Exploring Affordable Housing Initiatives

April 26, 2024 by Robby Oakes

In the realm of real estate, the dream of homeownership often feels like a distant horizon for many individuals and families. Skyrocketing property prices, coupled with stagnant wages, have created significant barriers to entry into the housing market. However, amidst these challenges, there is a glimmer of hope in the form of affordable housing initiatives.

Filed Under: Home Buyer Tips Tagged With: Affordable Housing, Government Subsidies, Mortgage

A New Homebuyer’s Guide to Understanding Property Taxes

April 25, 2024 by Robby Oakes

Purchasing a new home is an exciting milestone, but it also comes with various responsibilities, including understanding property taxes. Property taxes are a crucial aspect of homeownership, as they contribute to local government funding and services. In this guide, we’ll break down everything you need to know about property taxes as a new homebuyer.

Filed Under: Mortgage Tagged With: New Home, New Homebuyer, Property Taxes

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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