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Understanding an Appraisal Contingency in Your Home Purchase

November 6, 2024 by Robby Oakes

When buying a home, you have the option to include contingencies in your purchase contract. These protect you by setting certain conditions that must be met for the contract to remain valid. If any contingency isn’t satisfied, you can back out of the sale without penalty.

Filed Under: Mortgage Tips Tagged With: Appraisal Contingency, Home Buying 101, Mortgage Tips

What Is A Mortgage Par Rate And How Does It Work

October 25, 2024 by Robby Oakes

Think of the par rate as the raw, default rate offered by a lender. It’s not the lowest rate you can get, nor is it inflated by any adjustments. Lenders determine the par rate based on a variety of factors, such as current market conditions, your credit score, the loan type, and the loan amount.

Filed Under: Mortgage Rates Tagged With: Mortgage Education, Mortgage Tips, Par Rate Explained

Top 10 Strategies to Lower Your Mortgage Payments

October 22, 2024 by Robby Oakes

Lowering your monthly mortgage payment can have a positive impact on your financial health, allowing you to allocate more money toward other needs or savings. Whether you’re experiencing financial stress or just want to optimize your budget, exploring ways to reduce your mortgage payment is a smart move.

Filed Under: Mortgage Tips Tagged With: Lower Mortgage Payments, Mortgage Tips, Refinance Strategies

Understanding the Financial Power of Mortgage Points

October 16, 2024 by Robby Oakes

In the world of home financing, mortgage points are a powerful yet often misunderstood tool that can significantly impact your long-term financial outlook.

Filed Under: Home Mortgage Tagged With: Home Financing, Mortgage Points, Mortgage Tips

Are You In A Position to Cosign on a Loan?

October 11, 2024 by Robby Oakes

As home prices continue to rise, some buyers may struggle to qualify for a mortgage on their own. In these cases, a mortgage cosigner can be a helpful solution

Filed Under: Home Mortgage Tagged With: Cosigning Loans, Home Buying Advice , Mortgage Tips

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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