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The Impact of Rental Income on Mortgage Qualification

May 8, 2025 by Robby Oakes

For real estate investors and homeowners looking to purchase additional properties, rental income can play a crucial role in mortgage qualification. Lenders often consider this income when assessing a borrower’s ability to repay a loan, but the way it is calculated and applied varies based on different loan programs and underwriting guidelines. Understanding how rental income factors into mortgage approval can help buyers maximize their borrowing potential and secure favorable financing terms.

Filed Under: Mortgage Tagged With: Mortgage Applications, Mortgage Qualification, Rental Income

Why You Need to Be Truthful on Your Mortgage Application

December 14, 2023 by Robby Oakes

There are few things better than finding your dream home and being able to afford it, but simply because you’ve found the perfect place doesn’t mean you should stretch the truth. It might seem tempting to polish your mortgage application a little in the hopes of making a better impression, but here are a few reasons why you should stick to the truth when signing off on your home.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Applications

Will Getting a Mortgage Help My Credit Score?

November 2, 2023 by Robby Oakes Leave a Comment

Getting a mortgage can potentially help your credit score, as long as you make your payments on time and in full each month. Payment history is one of the most important factors that influence your credit score, so consistently making your mortgage payments on time can have a positive impact on your credit score over […]

Filed Under: Credit, Homeowner Tips Tagged With: Credit Score, Home Mortgage Tips, Mortgage Applications

Understanding the Differences Between ‘Prequalified’ And ‘Preapproved’ For a Mortgage

September 15, 2023 by Robby Oakes

Are you in the market for a new home? If you are going to rely on mortgage financing to cover some of the purchase cost, you will need to start the application process as soon as possible. However, what if you just need to know how much you will be able to borrow so you can start finding homes in your price range?

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Applications

In a Hurry to Buy a Home? Speed Your Mortgage Approval up by Following This Checklist

January 13, 2023 by Robby Oakes

Have you finally found your dream home after months of searching, only to discover that the seller has received other offers? Few circumstances can raise your stress level as much as finding yourself in a bidding war against another buyer. However, being unprepared by not having your finances in order can make the situation even worse.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Applications

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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