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Posts by Richard Woodward

What is a 3-2-1 Temporary mortgage rate buydown?

Mortgage Rate Buydown

DON’T LET TODAY’S INTEREST RATES KEEP YOU FROM BUYING A HOME We’re expanding our Temporary Mortgage Rate Buydowns to help you receive even bigger savings of up to 3% off your initial rate. Choose from 3-2-1, 2-1, 1-1 and 1-0 buydowns, available immediately! They’re available for conventional, FHA and VA borrowers who need a lower…

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Good News For First Time Home Buyers

Breaking News for First Time Homebuyers

Great news for first-time home buyers. Lower mortgage rates are coming from Fannie Mae and Freddie Mac. In a meeting at the mortgage banker’s conference, the Federal Housing Financing Agency director Sandra Thompson announced that Fannie Mae and Freddie Mac would both be reducing their loan level pricing adjustments for Home Possible and HomeReady mortgages. What…

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Get A Second Opinion on a Mortgage Rate

Second Opinion Could Save You Money!

Getting A Second Opinion on a Mortgage Rate A second opinion can prove to be very valuable. You should always seek out another opinion after a doctor gives you a shocking diagnosis. This applies to car repairs or air conditioning systems too. Second opinions are common in many industries and situations. Why wouldn’t you apply the same logic…

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Mortgage Rates Jump to Over 6%! Is It Time To Panic?


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…

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Reverse Mortgages Are No Longer Just for Struggling Homeowners

Reverse Mortgages Are No Longer Just for Struggling Homeowners

Expert Report that Reverse Mortgages Are No Longer Just for Struggling Homeowners You can turn your home equity into cash to pay off bills or preserve other savings or investments. They are complicated and not for everyone. Janice Keese decided not to make any major decisions after her husband’s sudden death in 2016. Janice Keese waited two…

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Texas First-Time Homebuyer and Down Payment Assistance Programs

Do You need down payment assistance

Texas First-Time Homebuyer and Down Payment Assistance Programs  Texas is home to everything. Unfortunately, this statement may not be true for your savings account. Perhaps you believed you didn’t have enough money to pay a down payment on your Texas first home when you last checked your savings account. Rethink that.  We got you covered.  Down payment…

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Reverse Mortgage

Reverse Mortgage Options and Education

Reverse Mortgages This article will provide information about reverse mortgages from a Certified Reverse Mortgage Specialist, Richard Woodward. It will include what you need to do to qualify, when you must repay the loan, and what could trigger a foreclosure. What is a reverse loan? Reverse mortgages allow older homeowners, 55 and older in some…

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Nexa Mortgage - Richard Woodward
7820 Hague Ct
Plano, TX 75025
Phone: (214) 945-1066

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Richard Woodward
Branch Manager
NMLS #217454
Company Licensing
Company State License#
AZMB - 0944059
NMLS# 1660690

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