Richard Woodward | (214) 945-1066

How a reverse mortgage helped a senior purchase a home

Why Get Your Reverse Mortgage From Richard Woodward of Service First Mortgage

How a reverse mortgage helped an 84-year-old retired schoolteacher purchase a home even with horrible credit. She needed to sell her existing larger home so she could move closer to her grandchildren and save the expense of a large home. Many seniors try to help their adult children by cosigning credit accounts with them. Unfortunately,…

Service First Cares C. O. P. S. initiative

We are excited to announce our 2017 Fall Cause. Service First Mortgage is again partnering with Concerns of Police Survivors (C.O.P.S.), a non-profit which supports the family and friends of police officers who have died in the line of duty. In recognition of the tremendous sacrifices that all of our heroes in blue make to…

Watch this Dallas Metro Housing Video for September 2017. Median Home Sales Price in the Dallas Texas area was $280,000 in September, up 8.11% ! Wow! Monthly home sales were down 4.54% with 5978 homes reported sold. The median number of days on the market was 30, that’s up 11.11% from the previous year. The number of homes on…

Hurry! Offer Ends October 15th 2017. FHA home loans open the door to home ownership to millions of home buyers. Allow me to help you buy your home. Save today. Please share if you know anyone looking to buy sell or refinance a home. Read more about FHA home loans now. An FHA loan can…

What is PITI and how does it affect your mortgage payment

What does PITI consist of? Breaking Down your monthly mortgage payment. PITI is the handy acronym for your monthly mortgage payment. It’s pronounced like the word “pity” and the letters stand for the four parts of that monthly payment: P stands for Principal That’s the part of the monthly payment used to pay down the…

By now, I’m sure that you have heard about the Equifax security breach. My friends at Rising Point Solutions put this information together for you. At the Richard Woodward Mortgage Team, we are always looking for ways to help our customers. While this isn’t the largest security breach that has happened, this is significantly larger…

How to buy a home with a reverse mortgage

Reverse Mortgages are changing effective October 2, 2017. The Trump administration is planning to raise premiums and place tighter loan limits on some borrowers in a mortgage program that helps seniors supplement their incomes. This Wall Street Journal article indicates that HUD says the program needs a sounder financial footing. The bad news is that…

Why are you still renting? Call (214) 945-1066 or apply online now.

5 things Plano home buyers should do before they start looking at homes. Get pre-qualified for a mortgage. See us and we’ll run the numbers to tell you the mortgage size and terms you qualify for to purchase your Plano home. This gives you the price range of homes to look at in Plano and…

First Time Home Buyer Programs from the Richard Woodward Mortgage Team 214.945.1066

Dallas Texas First time home buyer programs are great to help you buy your first home. If you are a first time homebuyer, the prospect of owning your first home is exciting and perhaps daunting. There are several items to consider such as landing a good real estate agent, searching for the right home, and…

Great News for Homebuyers |Now Easier to Qualify for a home loan

Great news homebuyers, it is now easier to qualify for a Fannie Mae conventional mortgage. Effective July 29 Fannie Mae has made changes to their automated underwriting engine. These changes enable lenders like the Richard Woodward Mortgage Team of Service First Mortgage the ability to create more homebuyers. We are very happy that Fannie Mae…