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The Difference Between Mortgage Prepayment and Payoff

September 10, 2024 by Robby Oakes

As a homeowner or prospective buyer, understanding the intricacies of mortgage management can save you time, stress, and potentially thousands of dollars. Two key concepts that often confuse borrowers are mortgage prepayment and mortgage payoff. While both strategies can reduce the overall interest paid and shorten the loan term, they function differently. Let’s break down what each term means and how they can affect your mortgage journey.

Filed Under: Mortgage Tagged With: Financial Planning, Home Ownership, Mortgage Tips

Managing Your Debt During the Homebuying Process: A Guide for Homebuyers

August 1, 2024 by Robby Oakes

Embarking on the journey to homeownership is an exciting milestone, but it also requires careful financial planning. One crucial aspect is managing your debt effectively. I want to ensure you have the tools and knowledge to navigate this process smoothly.

Filed Under: Home Mortgage Tips Tagged With: Debt Management, Financial Planning, Homebuying Tips

How to Manage a Mortgage After a Career Change

July 19, 2024 by Robby Oakes

A career change is usually an exciting journey, it offers new opportunities and growth. It can also bring challenges when you have a mortgage to manage. Balancing a new job and financial commitments can be stressful, but with the right strategies, you can stay on top of your mortgage payments and maintain your financial stability.

Filed Under: Mortagage Tips Tagged With: Career Change, Financial Planning, Mortgage

Can You Refinance a Reverse Mortgage Loan?

July 18, 2024 by Robby Oakes

When you first opted for a reverse mortgage, it might have felt like the perfect solution to tap into your home equity and enjoy your retirement without monthly mortgage payments. As time passes, your financial situation, goals, or the market itself can change, making you wonder:

Filed Under: Mortgage Tagged With: Financial Planning, Refinancing Home, Reverse Mortgage

Understanding Mortgage Recasting

June 12, 2024 by Robby Oakes

When it comes to managing your mortgage, you might have heard of refinancing as a popular option to reduce monthly payments or pay off your loan faster.

Filed Under: Mortgage Tagged With: Financial Planning, Homeownership, Mortgage Recasting

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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