When is it a good time to refinance
When is it a Good Time to Refinance? As President of Oak Capital Mortgage, I often get asked: “When is the right time to refinance my mortgage?” It’s a great…
Finding a home and making an offer
The Exciting Journey to Finding Your Dream Home In earlier posts, we discussed finding the right lender and realtor. Now, it is time to move on to the most exciting…
What is a Temporary Buydown
Understanding Temporary Buydowns: What They Are and Their Benefits What is a Temporary Buydown? A temporary buydown is a mortgage financing arrangement that allows borrowers to lower their initial interest…
What is a Non-QM Loan
Understanding Non-QM Loans: A Path to Homeownership for Unique Borrowers Are you self-employed or have a unique financial situation that doesn’t fit traditional lending standards? If so, Non-QM loans might…
The Differences between Conventional and FHA Mortgages
Conventional vs. FHA Loans: What’s the Difference? When embarking on the journey to homeownership, understanding your financing options is crucial. Two of the most popular types of home loans are…
The Differences between FHA and VA Mortgages
FHA vs. VA Loans: Understanding the Differences When it comes to buying a home, financing is often one of the biggest hurdles to overcome. Two popular loan options that help…
How Much Income Do I Need to Buy a House?
Understanding Income Requirements for Homeownership Homeownership is not just for the ultra-wealthy. While income is a significant factor when buying a house, knowing exactly how much you need to earn…
A Step-by-Step Guide to Shopping for a New Home
Whether this is your first or tenth home purchase, shopping for a new home is an exciting time. It can also be a stressful and lengthy process. This guide can…
First-Time Homebuyer’s Checklist
Your 2024 Home Buying Checklist: A Step-by-Step Guide Ready to purchase your first home? Use this easy-to-follow checklist to navigate the path to homeownership. This updated guide will help you…
Popular Loans for Buying a Home
Understanding Different Types of Home Loans: A Guide for Homebuyers Finding a great deal on your home purchase requires understanding the various types of home loans available. Here are popular…
Understanding Cash to Close
Navigating Your Closing Disclosure: Understanding Cash to Close If you have received your Closing Disclosure from your lender, you are almost done with your home buying journey. The Closing Disclosure…
How to Get Preapproved for a Mortgage
Start Your Search: The Importance of Preapproval Before you begin your new home search, talk to a mortgage broker like Oak Capital Mortgage about getting preapproved for a mortgage. This…
