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What Percentage of Your Income Should Go Toward a Mortgage?

April 29, 2025 by Robby Oakes

When buying a home, one of the most critical financial decisions is determining how much of your income should go toward your mortgage. Striking the right balance ensures that you can comfortably afford your home without stretching your budget too thin. Lenders use various guidelines to help buyers determine affordability, but personal financial goals and lifestyle should also factor into the decision.

Filed Under: Mortgage Tips Tagged With: DTI, Mortgage Payments, Mortgages

Understanding Mortgage Payments and How to Calculate Them

March 5, 2025 by Robby Oakes

Knowing how to calculate mortgage payments can help you plan for homeownership and budget effectively. Several factors determine your monthly payment, including the loan amount, interest rate, and loan term. Here’s a step-by-step guide to understanding the process.

Filed Under: Mortagage Tips Tagged With: Home Buying, Mortgage Payments, Mortgage Tips

Why It’s Important to have a Mortgage Pre-approval Letter and How to Get One

February 15, 2024 by Robby Oakes

If you are thinking about buying a new home shortly, you may already be searching online to get a feel for the different types of homes available in the local area. You may have reviewed your budget, and you may have a fair idea about a sales price that is comfortable for you to afford.

Filed Under: Mortgage Application Tagged With: Mortgage, Mortgage Approval, Mortgage Payments

How to Calculate Mortgage Payments

June 23, 2023 by Robby Oakes

Calculating mortgage payments involves several variables, including the loan amount, the interest rate, and the loan term.

Filed Under: Mortgage Tagged With: Mortgage, Mortgage Payments

Graduating From College? 3 Things You Need to Know About Mortgages and Student Loans

December 29, 2022 by Robby Oakes

Are you thinking about buying a new home using a mortgage loan? If you’ve just graduated from college, you’re probably wondering how your student loans will impact a mortgage and what your options are. In today’s post we’ll share three things that you need to know about mortgages if you’re still working on paying off your student loan debt.

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

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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