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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Mortgage Market Update for Dallas Texas March 17, 2023. Mortgage rates declined this week by roughly 0.375% due to news from the banking sector.  Several of my 190+ lenders that I shop my clients mortgages with this week lowered rates.  Some are more cautious than other, waiting to see if the volatility will subside before…

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Mortgage Rates Jump to Over 6%!  Is It Time To Panic? Mortgage Rates have increased to 6.33% for conventional loans for a national average as of September 16th, 2022 but historically that is not too bad.  FHA, VA, and USDA  mortgage rates are near 5.75% nationally.  This is the highest mortgage rates have been since…

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Introducing mortgage rate lock and shop program

Introducing our Mortgage Rate Lock & Shop Program. Traditionally, home buyers are unable to lock in an interest rate until they have found a home and executed a purchase contract. Most mortgage lenders will not allow you to lock in the interest rate until they receive an executed purchase contract. That’s normally okay in a…

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Mortgage Rate Protection Plan

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…

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Helpful Hints for First-time Home Buyers _ Part 1 (1)

Part 1:Getting your Finances in Order  By: Shawna Sanders First-time home buyers are entering the market in droves. Buying your first home can be a stressful undertaking. There are so many steps, so many different loan programs, so many requirements…where do you even begin? Right here. In the next few posts, we’re going to cover all…

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$2T Stimulus… How does that affect my mortgage_

You may have heard on the news about the $2Trillion dollar stimulus package recently announced. You may also be asking how that will affect my mortgage. Well as a mortgage lender with over 22 years of experience I can honestly say the current environment has hit the financial industry with a perfect storm. Several weeks…

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Mortgae Interest Rates

Here is your Dallas Texas Friday Mortgage Rate Update for Week ending 09/14/2018. From Zero Down to $3Million Jumbo.  I offer, Conventional, FHA, VA, USDA, Jumbo, Construction, Renovation, and special loans for Divorcing couples.  I can help you know what is the best program for you.  Find some of our loan options here. Get your free…

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