Buy Before You Sell: Move into your dream home before you sell your current one!
Buy Before You Sell with The Richard Woodward Team Move into your dream home before you sell your current one! This innovative program from The Richard Woodward Team allows you to unlock equity from your existing home and remove the home sale contingency from contracts and mortgage approvals. This means you can move into your…
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…
Read MoreWhat Will My Mortgage Interest Rate Be? The Insider’s Guide To Shopping For A Mortgage
So, you are shopping for a mortgage. Do you want the insider’s secret about what makes up the interest rate and how to shop for them? Watch the video for more details. When you’re preparing to buy a home or refinance your current mortgage, one of the most pressing questions on your mind is likely:…
Read More12 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…
Read MoreQuestions to Ask Your Loan Officer: Do I Qualify for Any Down Payment Assistance Programs?
Hey there homebuyers! If you’re a young homebuyer under 35, you’re likely facing a mix of excitement and uncertainty about entering the world of home ownership and real estate. One of the biggest challenges can be coming up with the down payment – that initial chunk of change needed to secure your dream home. But…
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