Mortgage Blog | Best Plano Broker

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…

Divorce is a challenging and incredibly stressful process, particularly when it comes to dividing assets like the family home. As a Certified Divorce Lending Professional, I have the expertise to guide you through this complex situation, especially with the use of an Owelty lien, which is a powerful tool in Texas for dividing home equity…

Going through the mortgage process can be scary and confusing, but with the right information, it becomes much more manageable. Here are the top 10 questions I frequently receive from clients, along with detailed answers to help you understand the ins and outs of getting approved for a mortgage. Do I need to get prequalified…

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…

Navigating Your Mortgage in a Changing Economy: Tips for Prospective and Current Homeowners

Hello, it’s Richard here from NEXA Mortgage! As we witness shifts in our economy, understanding the implications on mortgages is more crucial than ever. Whether you’re looking to buy a home or already own one, here’s how you can navigate these turbulent times to make informed decisions about your mortgage. Economic Overview The current economic…

Why Choose a Mortgage Broker Over a Bank? The Richard Woodward Team Explains Hello and welcome to our latest blog post! If you’re in the market for a new home, you might be wondering whether to go through a bank or a mortgage broker. Well, here at The Richard Woodward Team at NEXA Mortgage, we…

Avoid this mistake that could cost you hundreds of thousands of dollars with your 401(K)

Did you know that a decision made 25 years ago could cost you a fortune by retirement? I’m Richard Woodward, your guide to smart mortgage and retirement planning. Here’s a lesson worth over $550,000 that could change your financial future. When I left my employer two and a half decades ago, I made the choice…

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…

Texas Homestead form updates must be filed immediately.

Attention, Texas homeowners! A significant legislative update has been passed that could impact your property taxes. The Texas Senate has enacted a bill requiring homeowners to reapply for their homestead exemption every five years. This exemption plays a crucial role in reducing your property tax bill and failing to renew it within 30 days of…