4 Growing Challenges Baby Boomer Homeowners Face—and How a Reverse Mortgage Can Help
For decades, homeownership has been the cornerstone of financial security for baby boomers. Buying a home in the ’70s, ’80s, or ’90s often meant locking in low prices and riding the wave of steady appreciation. According to the National Association of Realtors, the average homeowner over 65 is now sitting on more than $300,000 in…
Read MoreDown Payment Assistance for Self-Employed Homebuyers
EdgeAhead Program: A Game-Changer for Self-Employed Buyers in Dallas-Fort Worth Buying a home when you’re self-employed can feel like running a marathon while carrying a backpack full of bricks. Traditional mortgage guidelines rely heavily on W-2s and tax returns, which rarely reflect a business owner’s true earning power. If you’ve ever been frustrated by lenders…
Read MoreWhat Are Closing Costs in a Mortgage?
Let’s break down what you’re really paying for on closing day. If you’re getting ready to buy a home, you’ve probably heard the term “closing costs” thrown around. But what exactly are they—and how much should you expect to pay? Pro Tip: Your down payment isn’t the only money you’ll need at closing. A lot…
Read More10 Reverse Mortgage Myths Every DFW Homeowner Should Stop Believing
If you’ve lived in North Texas long, you’ve heard half-truths (and outright fiction) about reverse mortgages. As a Certified Reverse Mortgage Specialist serving Dallas–Fort Worth, I spend a lot of time clearing up confusion. Below are the ten most-searched myths—followed by the facts based on current FHA Home Equity Conversion Mortgage (HECM) guidelines. Free Resource:…
Read MoreDallas Homebuyers: New Credit Score Rule Could Open Doors to More Affordable Mortgages
If you’re dreaming of owning a home in the Dallas-Fort Worth area but worried your credit profile isn’t perfect, there’s good news. A major change from the Federal Housing Finance Agency (FHFA) could make it easier for more Texans to qualify for a mortgage. In July 2025, the FHFA confirmed that lenders can now use…
Read MoreFree Reverse Mortgage Starter Kit: Everything You Need to Know to Decide with Confidence
Are you 62 or older and wondering if a reverse mortgage is the right move for your retirement strategy? You’re not alone — and I’ve got just the thing to help you make an informed, pressure-free decision. I’m Richard Woodward, a Certified Reverse Mortgage Specialist and local branch manager right here in Texas. With over…
Read MoreFHA Loan Requirements Explained (Without the Jargon)
Thinking about buying a home but not sure if you qualify? You’re not alone. One of the most common loan types I help folks with is the FHA loan—and for good reason. It’s flexible, affordable, and designed to help buyers who may not have perfect credit or a huge down payment saved up. If that…
Read MoreHow Much House Can I Afford? Let’s Do the Real Math Together
One of the biggest questions I get from homebuyers (especially first-timers) is: “How much house can I actually afford?” It’s a great question — and the good news is, we can figure that out pretty quickly once we break it down. Don’t worry, you don’t need to be a math whiz. I’ll walk you through…
Read MoreWhat Credit Score Is Needed to Buy a House? Let’s Break It Down
Hey home shoppers! If you’ve been thinking about buying a home, you’ve probably heard a lot of buzz around credit scores. And I get it—it’s one of those topics that feels like it should be straightforward… but somehow, it’s not. So let’s clear up the confusion and talk about what credit score you actually need…
Read MoreHow to Get Pre-Approved for a Mortgage (And Why It’s Your First Step)
For most homebuyers, especially in a competitive market like Dallas-Fort Worth, the home search doesn’t start with browsing listings — it starts with a mortgage pre-approval. Think of it as your permission slip to shop for homes confidently and seriously. In this post, I’ll walk you through exactly what mortgage pre-approval is, why it matters,…
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