private mortgage insurance Archives | The Richard Woodward Team Nexa Mortgage

Will I have to pay mortgage insurance or PMI

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…

Mortgage Rates Jump to Over 6%! Is It Time To Panic? Mortgage Rates have increased to 6.33% for conventional loans for a national average as of September 16th, 2022 but historically that is not too bad. FHA, VA, and USDA mortgage rates are near 5.75% nationally. This is the highest mortgage rates have been since…

Stop throwing money away on higher mortgage rates.

5 reasons you may want to refinance your McKinney, Texas home this year. I know the market well and McKinney home owners can save thousands by refinancing, especially existing FHA home owners. Mortgage rates are near historical lows, but could climb. The Federal Reserve raised the Prime Rate this year and may raise it again…