Loan Programs and Information
The Ultimate First-Time Homebuyer Guide: Step-by-Step
Hey there, future homeowner! Get ready for an insightful journey into the realm of homeownership. In this comprehensive guide, we’ll delve into each step with clarity and precision, ensuring you’re well-prepared for the exciting path ahead. 1. Understanding Your Personal Financial Situation: First things first, let’s conduct a thorough financial assessment. Take a moment to…
Read MoreUnlocking Homeownership Dreams: The HomeReady SPCP for Texas First-Time Homebuyers and up to $6000 closing cost credit
Homeownership is a cornerstone of the American dream, and for many Texans, the path to achieving this dream has just become a little smoother. The HomeReady® Special Purpose Credit Program (SPCP) is a pilot program designed to help first-time homebuyers in select Texas metropolitan areas reach their homeownership goals. What is the HomeReady SPCP? The…
Read MoreDo You Charge An Origination Fee? What You Need To Know About an Origination Fee
Navigating the landscape of mortgage costs can be complex but understanding what you’re paying for—and why—can make a significant difference in your home buying experience. A common question I am asked is, “Do you have an origination fee?” Let’s break down what this fee is, what it includes, and the differences between a bank’s and…
Read MoreWhat Will My Monthly Mortgage Payment Be?
What Will My Monthly Mortgage Payment Be? If you are thinking of buying a home, one of the most important questions you need to answer is: what will my monthly mortgage payment be? Your mortgage payment is the amount of money you pay each month to your lender to repay the loan you used to…
Read MoreNavigating the Waters of PMI and Mortgage Insurance: What You Need to Know
Will you have to pay Mortgage insurance? The answer is a qualified – Maybe. Today, we’re diving into a topic that often buzzes around the realm of home financing but might seem a tad complex to many: mortgage insurance, often referred to as private mortgage insurance (PMI) in the case of conventional loans. At The…
Read MoreHard Credit Pull vs. Soft Credit Pull: Demystifying Credit Inquiries
Hard Credit Pull vs. Soft Credit Pull: Demystifying Credit Inquiries Recently, a client of mine looked at me with a hint of concern and asked, “Are you doing a hard credit check on me today?” It dawned on me that this is a question that many of you might have. So, today, let’s delve into…
Read MoreWhat Will My Mortgage Interest Rate Be? The Insider’s Guide To Shopping For A Mortgage
So, you are shopping for a mortgage. Do you want the insider’s secret about what makes up the interest rate and how to shop for them? Watch the video for more details. When you’re preparing to buy a home or refinance your current mortgage, one of the most pressing questions on your mind is likely:…
Read More12 Mortgage Red Flags That Could Cause Your Mortgage To Be Declined
Mortgage Red Flags: Property Issues that Could Derail Home Financing Whether you are buying a home for the first time or investing in a rental home, there is a huge chance that you will need a mortgage to finance that property. Most people who buy real estate don’t do it with their own money because…
Read MoreQuestions to Ask Your Loan Officer: Do I Qualify for Any Down Payment Assistance Programs?
Hey there homebuyers! If you’re a young homebuyer under 35, you’re likely facing a mix of excitement and uncertainty about entering the world of home ownership and real estate. One of the biggest challenges can be coming up with the down payment – that initial chunk of change needed to secure your dream home. But…
Read MoreHow Much Down Payment Will You Need as a Home Buyer For Your Mortgage?
Hello Homebuyers, this is Richard Woodward from The Richard Woodward Team at Nexa Mortgage, your friendly and authoritative guide in the vast world of real estate. One of the most common questions we get from prospective homebuyers is: “How much down payment will I need?” We’re here to demystify this topic and give you the…
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