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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 Mortgage Escrow Accounts in Property Tax and Insurance Payments

January 3, 2024 by Robby Oakes

A mortgage escrow account, also known simply as an escrow account, is a financial arrangement set up by a mortgage lender to manage and disburse certain payments related to the property on behalf of the homeowner. The purpose of an escrow account is to ensure that essential expenses, such as property taxes and homeowners’ insurance, are paid on time.

Filed Under: Home Mortgage Tips Tagged With: Escrow, Mortgage, Property Taxes

What’s Ahead For Mortgage Rates This Week – January 2nd, 2024

January 2, 2024 by Robby Oakes

With the New Year, the final week only featured the normal reports of Jobless Claims, S&P Shiller Home Price Index (YoY), and Chicago Business Barometer. All of them will have limited impact compared to the GDP and the Inflation data reports that have already been released.

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

Mortgage Rate Locks: When and How to Secure the Best Rate

December 29, 2023 by Robby Oakes

Rate locks provide financial stability, especially for those on a tight budget. Unpredictable rate changes can significantly impact the affordability of a mortgage, and a rate lock mitigates this risk.

Filed Under: Mortgage Rates Tagged With: Mortgage, Mortgage Rates, Rate Locks

The Advantages And Disadvantages Of Using Online Mortgage Lenders

December 28, 2023 by Robby Oakes

Using online mortgage lenders can offer several advantages and disadvantages compared to traditional brick-and-mortar lenders. It’s important to weigh these factors based on your individual preferences, needs, and financial situation. Here’s a breakdown of the pros and cons

Filed Under: Home Mortgage Tips Tagged With: Mortgage, Mortgage Lender, Online Mortgage Lending

A Deep Dive into Mortgage and Tax Facts

December 27, 2023 by Robby Oakes

Owning a home is a significant milestone that comes with a multitude of financial considerations. Beyond the pride of homeownership, there are substantial tax benefits and deductions available to those who embark on this journey. We will explore key facts about mortgages and taxes, focusing on the deductions, credits, and benefits that can make homeownership a financially savvy decision.

Filed Under: Home Mortgage Tips Tagged With: Homebuyer Credits, Mortgage, Taxes

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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