Seth Smith - Mortgage Loan Officer NMLS #1900052

11/24/2022

11/15/2022

Calling all Real Estate Professionals!

We all know that rising interest rates are a growing concern with our buyers. I think we can all agree that rates will have to go down eventually. See, like our economy, interest rates are cyclical. If you look at history, rates go up, rates go down, and I wouldn't expect that trend to change. When will interest rates come back down? I'd be wary of any mortgage professional that tries to make any sort of detailed prediction. However, most of us believe it will be sometime around 2024.

Fortunately, we have options like temporary rate buydowns. These lower the interest rate by 2% for the first year and 1% the second year. This could potentially save your clients thousands. If you would like to know more about temporary rate buydowns, please feel free to reach out to me.

(205) 565-6879

Seth Smith | NMLS ID # 1900052
NEXA Mortgage LLC | 3100 W Ray Road STE #201 Office #209 Chandler, AZ 85226 NMLS # 1660690 | www.NEXAmortgage.com | NEXA Mortgage, LLC is an Equal Housing Lender

11/12/2022

Happy Veteran’s Day! Thank you to all that have served! 🇺🇸

11/08/2022

Homes, Land, Construction, Barndominiums, we do it all! Give me a call today for a free consultation!
(205) 565-6879

Seth Smith | NMLS ID # 1900052
NEXA Mortgage LLC | 3100 W Ray Road STE #201 Office #209 Chandler, AZ 85226 NMLS # 1660690 | www.NEXAmortgage.com | NEXA Mortgage, LLC is an Equal Housing Lender

11/06/2022

Over the last few years, Barndominiums have become increasingly popular. Oftentimes they can be constructed at a lower cost per square foot than a stick built home. The materials that they are constructed of also have a much longer lifespan than the materials used in traditional stick built homes.

Whether you are looking to build or buy one of these homes, it’s important that you choose a lender that has experience with their construction. Choosing the right loan product for you ensures that you can get the best rates, lowest down payment, and a hassle free transaction. Give me a call today for a free consultation! (205) 565-6879

Seth Smith | NMLS ID # 1900052
NEXA Mortgage LLC | 3100 W Ray Road STE #201 Office #209 Chandler, AZ 85226 NMLS # 1660690 | www.NEXAmortgage.com | NEXA Mortgage, LLC is an Equal Housing Lender

11/05/2022

Want to shave up to 3% off your interest rate?

A temporary buy down may be a good option for you. If you’re shopping for a home right now, you’ve probably heard how high interest rates are getting. Fortunately, there are many options out there that can potentially save you thousands.

Rate buydowns are very simple and are not the same as an Adjustable Rate Mortgage or “ARM”.

As the housing market continues to cool, buyers are in a much better position to negotiate with sellers. The most common way to utilize the temporary buydown is to use seller concessions. The distinct difference between a temporary buydown and an Adjustable Rate Mortgage is that your interest rate will never exceed the note rate of the loan. This removes the uncertainty of rising rates in the future.

If you would like to learn more about temporary rate buydowns, feel free to reach out anytime! We’re here to help!

(205) 565 -6879

Seth Smith | NMLS ID # 1900052
NEXA Mortgage LLC | 3100 W Ray Road STE #201 Office #209 Chandler, AZ 85226 NMLS # 1660690 | www.NEXAmortgage.com | NEXA Mortgage, LLC is an Equal Housing Lender

11/04/2022

Give us a call today we’re here to help! 🏡
(205) 565-6879

NEXA Mortgage, LLC is an Equal Housing Lender NMLS 1660690 3100 W Ray Rd Suite #201 Office #209 Chandler, AZ 85226

11/03/2022

Does your lender offer 2/1 Buydowns? We do! Give me a call today to see if a 2/1 Buydown is right for you. (205) 565-6879

Don't let interest rates scare you! Be smart and talk to someone who actually knows how mortgage rates and loan programs work. It's more important now than ever to make sure that you are properly informed when making one of life's biggest decisions.

2/1 Buydowns will reduce your interest rate by 2% in the first year, and 1% in the second. Beginning in year 3, your rate will return to normal and will not change throughout the life of the loan. This can potentially save you thousands!

Seth Smith NMLS # 1900052
[email protected]
NEXA Mortgage, LLC is an Equal Housing Lender NMLS # 1660690 3100 W Ray Rd STE 201 Office #209 Chandler, AZ 85226

Disclaimer: This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.

11/02/2022

Are you looking to build but don't know where to start? Give me a call today for a free consultation!
I will guide you through the construction financing process.