Chapel Hill Mortgage Lender | Robby's Blog about Mortgages in Raleigh, Durham, Chapel Hill, and Crystal Coast area of NC
by Robby Oakes
Balloon mortgages are a unique type of home loan that can be attractive to some borrowers, but they also carry specific risks. Unlike traditional mortgages with consistent payments over the life of the loan, balloon mortgages involve smaller monthly payments for a set period, followed by a large lump sum payment at the end.
Understanding how balloon mortgages work, who they are suited for, and potential pitfalls can help you make an informed decision before committing.
by Robby Oakes
Buying a home can be exciting, but it can also feel overwhelming. Understanding the mortgage underwriting process can make things a lot smoother!
by Robby Oakes
Buying a home is more than a place to live, it is a path to financial growth, every mortgage payment builds equity, giving homeowners a valuable asset over time, unlike renting where monthly payments go to a landlord, homeowners are investing in their future, with the right mortgage strategy, owning a home can be one of the smartest financial moves you make.
by Robby Oakes
Remote work has transformed the way people live and plan their financial futures. Instead of being tied to one city, many professionals now choose to split their time between two homes. Some want the excitement of an urban condo while keeping a peaceful retreat in the mountains or at the beach. Others need to balance family life in one state with work opportunities in another. As this trend grows, understanding mortgage options for dual residences has become essential.
by Robby Oakes
Financial hardship can happen for many reasons — job loss, medical emergencies, rising expenses, or unexpected life changes. One of the most important steps homeowners can take is to recognize early signs of financial strain. If your savings are shrinking, your income has dropped, or monthly bills are piling up, it is time to take action before falling behind on your mortgage.
