Dallas home value hit another record high

Dallas home value hit another record high in December 2017.  There has never been a better time to own a home in Dallas Texas.  According to Redfin, the median home sales price in Dallas Texas increased 5.66% as compared to December 2017.  I helped one homeowner in North Dallas purchase a home in 2014. She sold that home just this month for over $100,000 more than she paid for it. With that said, this gives homeowners lots of options.  Please share or forward this email to anyone you think might be interested.

Cashback refinance.  If you are holding credit card debt or student loan debt, then a cashback refinance might be your perfect option. You can access the equity in your home up to 80% of its current appraised value and pay off your existing mortgage and your higher interest rate credit card debt. I show many of my clients how they can make the same combined payment as they were before, and pay off their mortgage in 15 years or less. This has saved many of my clients tens of thousands of dollars.

Refinance to remove your mortgage insurance.  I have help many of my past clients refinance to remove FHA mortgage insurance.  This have helped them save thousands of dollars.  Let me show you how much you can save by doing this.  But first, let’s make sure it is right for you.  I will do an mortgage review for you free of charge to make sure this would be a good option.

Home improvement. If you’ve ever wanted to update your kitchen or bathroom’s or even add an extra master suite to your home, the increased values in the Dallas market makes this much easier. I have a suite of home improvement loan options that can help you finance the improvements you want to make and retire your existing mortgage into one new mortgage loan.  If you’re in the perfect neighborhood a home improvement loan from Service First Mortgage can help you to stay where you are and still have your dream home.

Step up to your dream.  If your Dallas area home is below $400,000 in value, you have a much sought after property. You could sell your house and take equity that you have realized to purchase the right size home for you. Some of my client’s have done this recently and utilized our bridge loan program.  A bridge loan is a loan that we can provide you to purchase your new home before selling your existing home. There are several different options with this bridge loan program so just give me a call and  I will work one up for you.

I work with some of the best realtors in town. If you need a referral to a top Dallas Texas Realtor, just let me know. I will connect you with a top Realtor that can help you get top dollar for your current home and help you buy at the best price.

Interest rates are not going to stay low for long. Now is the best time to take advantage of the increased equity in your Dallas Texas home.  I will run a cost analysis for you to make sure you have a perfect loan for your situation.

You can apply online now or give us a call to get started at 214-945-1066.

Richard Woodward, NMLS 217454

Your Local, Direct, 5 Star Rated Mortgage Lender, Specialty Lending Manager

Office:  (214) 945-1066


Service First Mortgage  NMLS 166487

6800 Weiskopf Ave #200, McKinney, TX 75070                               

Licensed by the Texas Department of Savings and Mortgage Lending (SML) Mortgage Banker Registration. Service First Mortgage is an Equal Housing Lender. This is not an offer of credit or commitment to lend. Loans are subject to buyer and property qualification. Rates and fees are subject to change without notice. The views expressed on this site are those of the individual author and do not necessarily reflect the positions, strategies or opinions of Service First Mortgage or its affiliates.