Richard Woodward | (214) 945-1066

Dallas Texas First Time Home Buyer Programs

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…

Local Housing Statistics Video for Dallas Texas From Richard Woodward. Check out this new service I’m providing. It’s a monthly video with Dallas Metro Local Housing Stats. Please feel free to share it and let me know what you think. Watch the video here: If you know of anyone looking to buy, sell or refinance,…

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…

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…

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…

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…

How to buy a 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…

Stop throwing money away on higher mortgage rates.

5 reasons you may want to refinance your McKinney, Texas home this year. I know the market well and McKinney home owners can save thousands by refinancing, especially existing FHA home owners. Mortgage rates are near historical lows, but could climb. The Federal Reserve raised the Prime Rate this year and may raise it again…

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…