Good News For First Time Home Buyers
Great news for first-time home buyers. Lower mortgage rates are coming from Fannie Mae and Freddie Mac. In a meeting at the mortgage banker’s conference, the Federal Housing Financing Agency director Sandra Thompson announced that Fannie Mae and Freddie Mac would both be reducing their loan level pricing adjustments for Home Possible and HomeReady mortgages. What…
Read MoreGet A Second Opinion on a Mortgage Rate
Getting A Second Opinion on a Mortgage Rate A second opinion can prove to be very valuable. You should always seek out another opinion after a doctor gives you a shocking diagnosis. This applies to car repairs or air conditioning systems too. Second opinions are common in many industries and situations. Why wouldn’t you apply the same logic…
Read MoreMortgage Rates Jump to Over 6%! Is It Time To Panic?
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…
Read MoreReverse Mortgages Are No Longer Just for Struggling Homeowners
Expert Report that Reverse Mortgages Are No Longer Just for Struggling Homeowners You can turn your home equity into cash to pay off bills or preserve other savings or investments. They are complicated and not for everyone. Janice Keese decided not to make any major decisions after her husband’s sudden death in 2016. Janice Keese waited two…
Read MoreForbes: Turn home equity into additional savings with a reverse mortgage
Forbes: Turn home equity into additional savings with a reverse mortgage The ‘Mortgage Professor’ offers his thoughts about incorporating home equity into a retirement plan, and why including a reverse mortgage can significantly increase the funds available. A reverse mortgage, which can be used to convert equity from your home into cash, can help you…
Read MoreTexas First-Time Homebuyer and Down Payment Assistance Programs
Texas First-Time Homebuyer and Down Payment Assistance Programs Texas is home to everything. Unfortunately, this statement may not be true for your savings account. Perhaps you believed you didn’t have enough money to pay a down payment on your Texas first home when you last checked your savings account. Rethink that. We got you covered. Down payment…
Read MoreReverse Mortgage
Reverse Mortgages This article will provide information about reverse mortgages from a Certified Reverse Mortgage Specialist, Richard Woodward. It will include what you need to do to qualify, when you must repay the loan, and what could trigger a foreclosure. What is a reverse loan? Reverse mortgages allow older homeowners, 55 and older in some…
Read MoreHow Can An Owelty Lien Ease Your Divorce?
How Can An Owelty Lien Ease Your Divorce? By Elisa Reiter If you start with a definition from the dictionary, you may walk away without realizing what a wonderful device an owelty lien can be. Definition of OWELTY • Law Dictionary • TheLaw.com. Don’t walk away! Let’s say you and your partner are dissolving your…
Read MoreHow To Buy A Home Before You Sell Your Current Home
The Modern Way to Buy A Home Before Selling Your Current Home The Richard Woodward Team makes home buying stress-free. Never miss out on a great home because you haven’t sold your current one. The Modern Bridge Loan Program we offer puts you in a much better buying position. Until now, you had to sell your…
Read MoreRising Mortgage Rates Force Buyers to Make Offers
Rising Mortgage Rates Force Buyers to make offers You’ve likely heard that mortgage rates have risen and you are considering buying a home . It’s normal to wonder how mortgage rates will affect your homeownership plans, since they have risen by 2 percentage points. Buyers are responding in one of two ways today. They’re either buying now to avoid higher…
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