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Reverse 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 MoreDallas Metro Housing Statistics Video
Check out this new service I’m providing. It’s a monthly video with Dallas Metro housing stats. Please feel free to share it, and let me know what you think! By the way, did you know I have in house underwriting for fixed rate Jumbo mortgages up to $850,000 loan amount with just 10% down. Close…
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 MoreThe New Reverse Mortgage | What you need to know Seminar
Residents of Dallas, Plano, McKinney, Frisco – and those who live in the surrounding areas: you have the opportunity to learn about the reverse mortgage program at an in-person seminar on, September 13th from 10:30 a.m. until 1 p.m. [icon name=”arrow-right” class=”” unprefixed_class=””]Did you know that with an FHA insured reverse mortgage that you or…
Read MoreThe Richard Woodward Mortgage Team 5 Star Reviews
The Richard Woodward Mortgage Team 5 Star Reviews. At Service First Mortgage, we believe we have the best jobs in the world. Richard has been a top mortgage lender in Mckinney Texas for over 18 years. His team of talented and caring mortgage professionals help you afford the home of your dreams. The process of…
Read MoreDivorcing Your Mortgage | August 2017
Divorcing Your Mortgage | August 2017 Transfer of Ownership in Real Estate During Divorce The basic understanding of the various real estate deeds is a must when transferring title and ownership to real estate during a divorcing situation. This August Divorcing Your Mortgage newsletter will help you better understand the various forms of ownership of…
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 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 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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