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…
Read MoreLocal Housing Statistics Video for Dallas Texas From Richard Woodward
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,…
Read MoreJumbo Home Loan |Get the best here
Are you in the market for a Jumbo home loan? I have the best home loan for you. A jumbo home loan is defined as a loan whose loan amount exceeds the Fannie Mae conforming loan limit. In McKinney Texas, the conforming loan limit is $424,100. The Richard Woodward Mortgage Team is well versed in…
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…
Read MoreDivorcing Your Mortgage Newsletter July 2017
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…
Read MoreReverse Mortgage Myths Debunked | What you should know
Reverse Mortgage Myths are very common. At Service First Mortgage, we’re committed to making sure you receive honest and accurate information about reverse mortgages so you can make an educated decision that’s best for you. Here are some of the most common misconceptions about Home Equity Conversion Mortgages (HECMs)— also known as reverse mortgages— and…
Read MoreDallas Housing Stats Video
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…
Read MoreChanges coming to Fannie Mae loans on July 29th 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…
Read MoreDallas Reverse Mortgage Options
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…
Read More5 reasons you may want to refinance this year
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…
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