Monthly Newsletter Archives | Page 2 of 5 | The Richard Woodward Team Nexa Mortgage

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…

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…

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…

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…

2022- the Rules have changed in the mortgage business

The Mortgage Business has Changed in 2022 The mortgage business is changing in 2022 in a number of different ways. We are going to look at what is coming in 2022 for the mortgage business and the Real Estate business. Forecasting is not easy these days, especially when it comes to economics. For example, many…

If you’re considering buying a Dallas home in the near future, I have some important information for you. You may be tempted to wait because you are listening to Uncle Joe and he tells you we are in a bubble and the home prices will come down. But what you don’t know is that waiting could…

Refinance rates drop as Fannie Mae removes adverse market fee. Refinance rates drop as #fanniemae and #freddiemac drop the adverse marketing fee. This will enable more of the 12 million home owners that have not already refinanced take advantage of these new lower rates. Tumbling mortgage rates just went even lower following news that an…

What are the benefits of a reverse mortgage

Here are six beneficial reasons to use a reverse mortgage. A reverse mortgage is a loan that allows homeowners over 62 to borrow money from the equity in their home. It can be used for anything, but it’s most commonly used as a retirement planning or income resource. The new guidelines for reverse mortgages make…

Are you concerned about rising mortgage rates? It’s a question many people are pondering as they try to decide whether now is the time for them to buy a home. Mortgage rates are still low, but if you wait until rates go up, then it will cost more money. Basically, for every 1% increase in…

Important Questions to Ask a Realtor When Shopping for a Home Shopping for a home is potentially a nerve-wracking experience. Viewing home after home can be draining and time-consuming, which means as the future owner of a new home, it’s time to make the process easier. A seasoned realtor will know all the ins and…