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Understanding the Basic Interest Rates Difference Between Fixed and Variable

May 3, 2018 by Robby Oakes

Home loans are available in an assortment of lending packages, but the big difference that consumers need to pay attention to at a minimum is how the interest charge is calculated. Interest is the margin that represents the profit and risk offset for a lender financing a consumer’s home purchase.

Filed Under: Mortgage Tagged With: Fixed, Interest Rates, Mortgage

5 Ways Millennial Buyers Can Snag Their Dream Home In This Sellers Market

May 2, 2018 by Robby Oakes

According to the 2017 Home Buyer and Seller Generational Trends Report, Millennials bought 34% of the homes sold; the largest of any generation last year.

Filed Under: Mortgage Tagged With: Millenials, Mortgage, Pre-Approval

The Home-Buying Closing Process in a Nutshell

April 26, 2018 by Robby Oakes

The closing process for a home purchase is an exciting time. The home is finished, the purchase is ready to be finalized and it’s almost time to move in. The final steps of the closing process ensures both parties are able to meet their requirements and all the paperwork is in place and verified.

Filed Under: Mortgage Tagged With: Closing, Escrow, Mortgage

Pros and Cons of Adjustable Rate Mortgages

April 18, 2018 by Robby Oakes

When you are in the market for a new home, you may be faced with numerous options for financing your home. One of the choices you will have to make is whether to apply for a fixed or adjustable rate mortgage. In some cases, an adjustable rate mortgage (ARM) may be your best option, but keep in mind, they are not the answer for everyone.

Filed Under: Mortgage Tagged With: Adjustable Rate Mortgage, Mortgage, Prepayment

Should You Pay Discount Points When You Get Your Mortgage?

April 17, 2018 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

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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