mortgage Archives | The Richard Woodward Team Nexa Mortgage

Will Mortgage Rates Ever Go Back Down to 3% Again?

Ah, the golden days of 3% mortgage rates. It feels like just yesterday, doesn’t it? Many homeowners and prospective buyers are holding onto the hope that we might see those historic lows again. But let’s dive into the reality of the situation. Mortgage interest rates dropping to the historically low level of 3% was primarily…

5 Things You’re Doing Wrong With Your Mortgage Loan Application and How to Fix Them! Not Getting Preapproved: Mistake: Starting house hunting without preapproval. Fix: Get preapproved before you start shopping. This shows sellers you’re serious and helps you understand your budget. Ignoring Your Credit Report: Mistake: Not checking your credit report for errors. Fix:…

Tips for Younger Homebuyers: Making Your Plano, Texas Dream Home a Reality

Hey there, aspiring homebuyers in Plano, Texas! We will help you make this a reality. Are you a member of Gen Z, wondering if buying a home in today’s market is more of a pipe dream? Given the challenges posed by inflation, rising home prices, and fluctuating mortgage rates, it’s natural to feel a bit…

Unlocking Your Home Buying Potential in DFW: The Power of Prequalification

In the vibrant and dynamic Dallas-Fort Worth (DFW) area, the dream of homeownership shines bright for many. With its diverse neighborhoods, booming economy, and rich cultural tapestry, DFW is a place where many aspire to plant their roots. As of February 2024, the average home sales price in this bustling metropolis stands at $371,777. For…

Demystifying Mortgages in Dallas: Your Guide to Understanding How Mortgages Work

Navigating the world of home buying in Dallas can feel like exploring a maze without a map, especially when it comes to understanding mortgages. But fear not! This blog post is your compass, designed to guide you through the intricacies of mortgages with clarity and confidence. Whether you’re a first-time homebuyer, a step-up buyer, or…

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…

Are you currently renting and wondering if buying a home in Dallas Texas is the right move for you? You’re not alone! The decision to buy a home is significant, but in a city like Dallas, it’s an opportunity you don’t want to miss. Here at The Richard Woodward Team NEXA Mortgage, we’re passionate about…

Do 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…

12 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…

Why A Mortgage Broker Is the Way to Go for Millennials Hey there millennials! So, you’ve decided to take the exciting leap into homeownership. Congrats! But hold on a second, because before you start envisioning your dream home, let’s talk about the most important part of the process: getting a mortgage. Trust me, it’s not…