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The Pros and Cons of Using Gift Funds for Down Payments

April 22, 2025 by Robby Oakes

For many homebuyers, especially first-time buyers, saving for a down payment can be one of the biggest hurdles to homeownership. Fortunately, gift funds, money given by family members, close relative, or even an employer can help bridge the financial gap. While using gift funds can make homeownership more attainable, there are important benefits and potential drawbacks to consider before relying on them.

Filed Under: Homeowner Tips Tagged With: Down Payments, First Time Buyer, Homeownership

Thinking About a New Home? 3 Reasons Why a Mortgage Will Be the Best Money You Ever Borrow

February 15, 2023 by Robby Oakes

In these days of low interest rates, it can be a great idea to get into the real estate market and invest in a home. However, if you don’t have the funds saved up to buy a home outright, it may seem like more of a burden than it’s worth. The good news is that you might qualify for a mortgage loan, which tend to come with more favorable terms than a traditional bank loan. Here are three reasons why a mortgage might just be the best money you ever borrow.

Filed Under: Mortgage Tips Tagged With: Down Payments, Home Mortgage Tips, Mortgage

Is It Worth It to Put More Than 20 Percent Down?

February 1, 2023 by Robby Oakes

Are you thinking of buying a new home this spring or summer? If so, you’re not alone. Many thousands of individuals and families alike will become homeowners this year. Whether you’re a first-time buyer or a seasoned veteran of the housing market, you probably know there are significant choices to make. One of the big decisions you will have to ponder is how much you want to invest in your down payment.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Down Payments, Home Buyer Tips

Saving for a Mortgage Down Payment? 4 Tips That Will Help You Get There Faster

September 22, 2022 by Robby Oakes

For most people, the idea of saving more money each month is enough of a burden without having to think about investing in a home. A down payment, however, will require a lot more saving know-how and a lot more in liquid assets in order to be able to buy. If you’re trying to find ways to save a bit more each month, here are some sure-fire tips for raising the extra funds.

Filed Under: Home Mortgage Tips Tagged With: Down Payments, Home Mortgage Tips, Mortgage

Down Payments 101: Is It Worth It to Put More Than 20 Percent Down?

February 9, 2018 by Robby Oakes

Are you thinking of buying a new home this spring or summer? If so, you’re not alone. Many thousands of individuals and families alike will become homeowners this year. Whether you’re a first-time buyer or a seasoned veteran of the housing market, you probably know there are significant choices to make. One of the big decisions you will have to ponder is how much you want to invest in your down payment.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Down Payments, Home Buyer Tips

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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