Richard Woodward | (214) 945-1066

Divorcing 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…

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…

Top 10 Things You Should Know About Your Mortgage When Going Through a Divorce Divorcing clients have many questions when going through a divorce; especially when real estate and mortgage financing are involved. Here are ten top things every divorcing client should take into consideration when dealing with the marital home and/or other real estate.…

Should you for sale by owner your McKinney Texas home?

The housing market is really busy in the McKinney, Frisco, and Plano Texas market. Many homes only last a day or 2 on the market. If you are a McKinney, Frisco, or Plano Texas home owner and want to sell your home, you might be asking yourself, is it worth it to list your home…

How to buy a home with student loan debt. If you are trying to purchase a home and you have a significant amount of student loan debt this could be a problem qualifying for the home you want. Current FHA guidelines require that lenders use 1% of your current student loan debt as your monthly…

Truths, Myths & Fico Scores Lunch and Learn and Headshot Event 11:00-1:00 PM May 24th. This workshop will cover: • Introduction to Credit • Explanation of Credit • Tips for Better Credit • Common Credit Myths Service First Mortgage – The Richard Woodward Team Richard Woodward, Branch Manager NMLS 217454 6800 Weiskopf Ave., Suite 200…