LAKE GODBOLDO DEVELOPMENT LLC

Nexa Mortgage LLC

NMLSl # 1660690

LO NMLS# 132332

877-900-1491

248-438-6223

ggodboldo@nexamortgage.com

Guy Godboldo
Is a Conforming Loan the Same as a Conventional Loan?

Is a Conforming Loan the Same as a Conventional Loan?

As you begin the mortgage process, you’ll have lots of terminology thrown at you that can be a little confusing. Two similar sounding terms that might have you perplexed are conforming and conventional loans. Are these the same thing? Here’s w

May 09, 2023 | Purchasing a Home

3 Reasons a Government-Insured Mortgage Might Be Your Best Option

3 Reasons a Government-Insured Mortgage Might Be Your Best Option

If you’re applying for a home loan, you’ve probably learned that there are many different types of mortgages. There are two major classes of home loans: conventional and government-insured. While both types have their role, consider this expla

May 04, 2023 | Purchasing a Home

Why Is My Mortgage Escrow Account Sending Me a Check?

Why Is My Mortgage Escrow Account Sending Me a Check?

After making all your mortgage payments for several years, you suddenly get a check in the mail from your escrow account. If you didn’t pay close attention during your mortgage closing, you may not even remember what an escrow account is. Here&rsquo

May 02, 2023 | Purchasing a Home

What Happens When a Title Search Uncovers a Problem?

What Happens When a Title Search Uncovers a Problem?

One of the important steps in the home-buying process is to have a title search conducted. The title is the legal ownership record of a property and it's important to make sure there are no prior claims, also known as liens, on the house that might cause

Apr 27, 2023 | Purchasing a Home

What Is a Convertible Adjustable-Rate Mortgage?

What Is a Convertible Adjustable-Rate Mortgage?

If you are in the market for a home loan, an adjustable-rate mortgage may be very attractive in today’s higher rate climate. If you’ve looked into ARM loans, you may also have come across the term “convertible ARM.” If you’re unfamiliar with this product,

Apr 25, 2023 | Purchasing a Home

What is an Assumable Mortgage?

What is an Assumable Mortgage?

There are many ways to structure a loan for buying a home. One lesser-known way is with an assumable mortgage. Here’s what that means and how it works: What is an Assumable Mortgage? An assumable mortgage is a home loan where the buyer legally takes ove

Apr 18, 2023 | Purchasing a Home

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