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…

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Do 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…

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Will I have to pay mortgage insurance or PMI

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…

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12 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…

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How Much Down Payment Will You Need as a Home Buyer For Your Mortgage?

Hello Homebuyers, this is Richard Woodward from The Richard Woodward Team at Nexa Mortgage, your friendly and authoritative guide in the vast world of real estate. One of the most common questions we get from prospective homebuyers is: “How much down payment will I need?” We’re here to demystify this topic and give you the…

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Why A Mortgage Broker Is the Way to Go for Millennials Hey there millennials! So, you’ve decided to take the exciting leap into homeownership. Congrats! But hold on a second, because before you start envisioning your dream home, let’s talk about the most important part of the process: getting a mortgage. Trust me, it’s not…

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