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

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4 Ways to Help Your Mortgage Transaction Close On Time

December 13, 2023 by Robby Oakes

When you’ve finally found the home you’re looking for at the right price, it’s easy to think that the hard part is over; however, there’s still a lot to do in order to ensure your purchase goes through without a hitch. If you’re tying up the loose ends on your home purchase, here are some things you should do to avoid any unnecessary delays.

Filed Under: Home Mortgage Tips Tagged With: Closing Costs, Home Mortgage Tips, Mortgage

Pre-approval vs. Pre-qualification

December 12, 2023 by Robby Oakes

Pre-qualification and pre-approval are two terms commonly used in the context of obtaining a mortgage or other types of loans. While they may sound similar, they have different meanings.

Filed Under: Home Mortgages Tagged With: Mortgage, Pre-Approval, Pre-qualification

What’s Ahead For Mortgage Rates This Week – December 11, 2023

December 11, 2023 by Robby Oakes

This will be another light week before the next large releases of the CPI and PPI data. The overall unemployment numbers have been trending lower which will likely leave the Federal Reserve board in a state of suspension. They have made many assertive statements they do not intend to cut rates soon, but the signs of a soft landing for the economy are numerous, leading to much speculation about impending rate cuts. As a general indicator, lending partners have seen a near 6 week-to-week decline in lending rates. The largest data releases this week are the U.S. Unemployment Reports and Non-Farm Payroll data releases.

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

Understanding the Jumbo Mortgage and Why Refinancing is Different

December 8, 2023 by Robby Oakes

So what exactly is a jumbo mortgage? How is it different from a standard mortgage, and what does that mean for your refinancing options? Here’s what you need to know.

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

How Do Mortgage Points Cut Your Interest Costs?

December 7, 2023 by Robby Oakes

Those who are involved in the real estate industry likely know that mortgage rates are at an all-time low. At the same time, nobody wants to pay more for a house than they have to. Some of the most important factors that dictate how much someone is going to pay for a house include points and interest rates.

Filed Under: Mortgage Tagged With: Financing Options, Interest Rates, Mortgage

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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