(214) 945-1066

Loan Programs and Information

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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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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How Can An Owelty Lien Ease Your Divorce?

How Can An Owelty Lien Ease Your Divorce

How Can An Owelty Lien Ease Your Divorce? By Elisa Reiter If you start with a definition from the dictionary, you may walk away without realizing what a wonderful device an owelty lien can be. Definition of OWELTY • Law Dictionary • TheLaw.com. Don’t walk away! Let’s say you and your partner are dissolving your…

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Rising Mortgage Rates Force Buyers to Make Offers

30 Year History of Mortgage Rates 2022

Rising Mortgage Rates Force Buyers to make offers You’ve likely heard that mortgage rates have risen and you are considering buying a home . It’s normal to wonder how mortgage rates will affect your homeownership plans, since they have risen by 2 percentage points. Buyers are responding in one of two ways today. They’re either buying now to avoid higher…

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No MI With Just 10% Down On Your Next Mortgage

10 Down is the new 20 down

No mortgage insurance for you! No MI with just 10% down on your next mortgage is available now for well-qualified homebuyers.  The Richard Woodward Team is here to make mortgages easier – and less expensive.  Get the best program custom-designed for your needs, low rates and cost. What Is Mortgage Insurance And How Does It…

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Contact Us

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

Equal Housing Lender