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Mortgage Interest Rate Versus APR: What To Know

March 23, 2023 by Robby Oakes

When you go through the process of applying for a mortgage, you need to make sure you understand all of the terms on the page. Two of the most common numbers you will come across include the mortgage rate and the APR. Many people associate both of these numbers with interest rates, but you will probably notice that they are not quite the same. What are the differences between these two numbers, and how are they going to impact your mortgage loan?

Filed Under: Mortgage Tagged With: APR, Mortgage, Mortgage Rates

Navigating A Market With Higher Interest Rate

March 22, 2023 by Robby Oakes

Even though interest rates have gone up significantly during the past few months, there are still opportunities for you to find a home at a great price. The high interest rate can be discouraging for some people, but as long as you know how to navigate the market, you can still put yourself in a position to be successful.

Filed Under: Mortgage Tagged With: Interest Rates, Mortgage, New Home

Is A VA Loan The Best Option For Your Needs?

March 17, 2023 by Robby Oakes

If you plan on buying a house in the near future, there are a few mortgage options available. One potential option is called a VA loan. This is a loan that has been backed by the Department of Veterans Affairs, and it could provide you with some added flexibility that you can use to purchase a house. Is a VA loan right for you? There are a few points to keep in mind.

Filed Under: Mortgage Tagged With: Mortgage, VA Loans

Should You Pay Discount Points When You Get Your Mortgage?

March 16, 2023 by Robby Oakes

One of the challenges you will face when deciding how much money to put down on your new home is whether to put down a larger down payment or to take a bit of money from your down payment and use it to buy “discount points” to lower your interest rate.

Filed Under: Mortgage Tagged With: Discount Points, Mortgage, Tax Deduction

Bridge Loans: What You Need To Know

March 15, 2023 by Robby Oakes

Are you in the process of selling your home? You probably want to buy a new one right now to ensure you have another house to move into, but what happens if you do not have the cash to buy a home right now? You might need to cash from your current home before you can purchase your next home, but can you really wait to sell your house before buying another one? A bridge loan can help you fix this issue. What is a bridge loan, and how does it work?

Filed Under: Mortgage Tagged With: Bridge Loans, Mortgage

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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