Loan Programs and Information
Service First is supporting the Concerns of Police Survivors Program
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…
Read MoreDallas Metro Housing Video for September 2017
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…
Read MoreLet us pay your FHA loan appraisal fees
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…
Read MoreWhat does PITI stand for?
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…
Read MoreEquifax Hack and What You Need to Know
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…
Read MoreReverse Mortgages are changing effective October 2, 2017
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…
Read More5 things Plano home buyers should do before they start looking at homes
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…
Read MoreDallas Texas First Time Home Buyer Programs
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…
Read MoreGreat 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…
Read MoreAre you pre-qualified or pre-approved for a home loan
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…
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