Jumbo Home Loan |Get the best here

We have the best Jumbo home loan options

Are you in the market for a Jumbo home loan? I have the best home loan for you. A jumbo home loan is defined as a loan whose loan amount exceeds the Fannie Mae conforming loan limit. In McKinney Texas, the conforming loan limit is $424,100. The Richard Woodward Mortgage Team is well versed in […]

Are you pre-qualified or pre-approved for a home loan

How to get a mortgage Preapproval

Are you pre-qualified or pre-approved for a home loan? Most people don’t know the difference between a Pre-qualification and a Pre-Approval. As a top Plano, McKinney, and Frisco Texas mortgage lender, we feel you should know the difference. It could mean the difference between winning that competitive bid or being beat out by a buyer […]

Divorcing Your Mortgage Newsletter July 2017

Divorcing Your Mortgage Newsletter July 2017

Welcome to the July 2017 Divorcing Your Mortgage newsletter. In this episode we discuss dividing liabilities and tax ramifications. A divorce is not a fun thing but does require expert advice to be sure that you are being protected. As a certified divorce lending specialist I am here to help in any way possible. If […]

Reverse Mortgage Myths Debunked | What you should know

Reverse Mortgage Myths Debunked | What you should know

Reverse Mortgage Myths are very common. At Service First Mortgage, we’re committed to making sure you receive honest and accurate information about reverse mortgages so you can make an educated decision that’s best for you. Here are some of the most common misconceptions about Home Equity Conversion Mortgages (HECMs)— also known as reverse mortgages— and […]

Dallas Housing Stats Video

Dallas Stats June 2017 Clear to watch the video

The Dallas housing market continues to be red-hot. Here is a snapshot video of the Dallas housing stats. As a local 5 star rated lender, my team and I can help you in a competitive bid situation. The median home sales price has increased to $266,000 which is an 11.3% increase over the same month […]

Changes coming to Fannie Mae loans on July 29th 2017

Big changes coming to Fannie Mae loans on July 29, 2017

Some great changes are coming to Fannie Mae loans on July 29, 2017. This benefits Texas homebuyers by allowing more people to qualify under more flexible guidelines. Fannie Mae recently announced new changes to its Desktop Underwriter® (DU®) Version 10.1 in order to make underwriting easier and simpler for Texas home buyers. One of the […]

Dallas Reverse Mortgage Options

Right Size Your Home With a Reverse Mortgage

Dallas Reverse Mortgage for Purchase or refinance cash out in Texas. Home buyers 62 years of age or older are now eligible to purchase a Texas primary residence and make no mortgage payment for life, taxes and insurance payments are required. What better way to enjoy your retirement than in your own comfortable home with […]

First-time homebuyer guide | The countdown to closing

Becoming a first-time homebuyer, your countdown to closing

If you are a first-time homebuyer you may not even know how to get started. If you’re even thinking about becoming a first-time homebuyer, then you actually have started the process. Becoming a first-time homebuyer does require you to do a little homework and make a commitment. It can also help you create wealth. According […]

10 Important contract terms every home buyer should know

Realtor . com 10 terms all buyers should know

I think this article from Realtor.com is really good for all home buyers to read. 10 Crucial Real Estate Contract Terms Home Buyers Should Know Before They Sign By Margaret Heidenry | Jun 1, 2017 Article from realtor.com If you ever attempt to read a real estate contract, you will quickly find that this paperwork […]