Richard Woodward | (214) 945-1066

Fannie Mae and Freddie Mac are charging you more to refinance

Fannie Mae and Freddie Mac both dropped a bombshell yesterday. The FHFA, Fannie and Freddie’s regulator, is imposing a new 0.5% of the loan amount fee to all refinances effective September 1st. Almost all lenders will start collecting this new higher rate immediately because it will take until after September 1st to deliver the loan…

Helpful Hints for First-time Home Buyers _ Part 3

The Hunt! Finding your new home. By Shawna Sanders In the first two parts of our series, Helpful Hints for First-Time Home Buyers, we covered getting your finances in order and finding the lender and real estate agent you want to work with. Now it’s time to get to the fun part of the home buying…

Are you thinking of buying a home in Texas? If so, you’re making a great decision. Not only is Texas an incredible state to live in, you’re becoming one of many people making the decision to move to Texas. From cities such as Dallas, Austin, and San Antonio, there are a variety of cities with…

Helpful Hints for First-time Home Buyers Part 2

Preparing for the Hunt By Shawna Sanders In Part 1 of our Helpful Hints for First-Time Home Buyer series we covered the steps to getting your finances in order to prepare for the home buying process. But you’re not quite ready to begin the house hunt just yet. First, you’re going to need to find…

Helpful Hints for First-time Home Buyers _ Part 1 (1)

Part 1:Getting your Finances in Order By: Shawna Sanders First-time home buyers are entering the market in droves. Buying your first home can be a stressful undertaking. There are so many steps, so many different loan programs, so many requirements…where do you even begin? Right here. In the next few posts, we’re going to cover all…

No offering Express Funding of your home loan No more waiting for keys.

We are proud to Introducing Express Mortgage Funding. This is just one more way Service First Mortgage puts home buyers first. We want your closing day to be as happy and stress free as possible. New home memories should not have to wait. With Express Funding, home buyers will be able to know their loan…

Are you looking to invest in a rental property? Rental property ownership can provide passive income and long-term growth of your wealth. Becoming a property investor has gotten easier as there is a lot of valuable information online you can use to build your portfolio. Like any other investment, rental property purchases require time and…

FHA Home Loan for 580 and higher credit scores

An FHA Home Loan is one of the best home loans for first time home buyers and those with less than perfect credit. With an FHA Home Loan, buyers can purchase homes with as little as 3.5% down. This makes the FHA home loan program ideal for many people. At Service First Mortgage we have…

$2T Stimulus… How does that affect my mortgage_

You may have heard on the news about the $2Trillion dollar stimulus package recently announced. You may also be asking how that will affect my mortgage. Well as a mortgage lender with over 22 years of experience I can honestly say the current environment has hit the financial industry with a perfect storm. Several weeks…

I love helping veterans save money with a low-cost VA refinance. A VA streamlined version is called an IRRL which stands for interest rate reduction loan. VA refinance IRRL loans are super easy as they do not require income verification or an appraisal. All the closing costs can be included in the new loan so…