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Why Everyone’s Moving from California to Dallas, Texas – And Why You Should Join Them with The Richard Woodward Team NEXA Mortgage!
Hey there! So, you’re thinking about moving from California to Dallas, Texas? Well, you’re in for a treat because Texas, especially Dallas, is becoming a hot spot for Californians – and for many fantastic reasons. Let’s explore why this Texan city is catching everyone’s eye and why The Richard Woodward Team at NEXA Mortgage is…
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 MoreWhy Did My Mortgage Payment Go Way Up? Mortgage Escrow Accounts and How To Fix It
Understanding Escrow Accounts and Managing Rising Homeowners Insurance Costs Hey there, fellow homeowners! If you’ve recently stepped into the world of homeownership (congrats, by the way!), you might be juggling a lot of new terms and responsibilities. One such term that often pops up is ‘escrow account.’ With the recent hike in homeowners’ insurance rates,…
Read MoreLower Your Mortgage Payments Now! Explore the 1-0 Rate Buydown with a $600 Appraisal Credit Bonus!
Great news from The Richard Woodward Team at NEXA Mortgage! We’re thrilled to announce an exclusive offer that will add more value to your home-buying experience. When you choose us for your 1-0 temporary rate buydown, you can now receive up to a $600 appraisal credit at closing. This is an opportunity you won’t want…
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 MoreUnderstanding Mortgage Rate Locks: Costs and Benefits with The Richard Woodward Team
Navigating the complex waters of home financing can often feel daunting for many buyers, especially when it comes to understanding terms like ” mortgage rate locks.” A common question we encounter is, “Do you charge for a mortgage rate lock?” We’re here to not only answer that question but also to provide clarity on what…
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 MoreUnderstanding the Difference: Mortgage Interest Rate vs. Annual Percentage Rate APR
In the confusing world of home buying, two terms often surface when discussing mortgages: the mortgage interest rate and the annual percentage rate (APR). As you begin the home buying journey or consider refinancing, understanding these terms is important. Today, we’ll not only unravel their differences but also shine a light on what fees are included…
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