Richard Woodward | (214) 945-1066

How to get rid of mortgage insurance without refinancing

Getting rid of mortgage insurance is a great way to save money on your home expenses. The mortgage insurance premium does protect you in the event of an unfortunate foreclosure and is required on the vast majority of conventional loans with less than 20% down. Mortgage insurance, sometimes referred to as MI or PMI will…

Credit history and down payment amount are the most important aspects to buying a home. How to buy a home with bad credit. Our Second Chance Home Loan Program provides home buyers with damaged credit the opportunity to purchase a home. In recent years, borrowers that did not have great credit were denied a home loan. We can now…

Mortgage Rate Update for Dallas Texas September 21st 2018. Mortgage rates are trending higher this week and look to continue that trend absent some unforeseen event. The yield on the 10 year bond has reached a 5 year high which normally signals higher interest rates. The Fed has been scaling back its purchases of mortgage-backed securities and…

Automate your home for sale marketing with our new listing tools for Realtors. The sale of homes has slowed just a little bit in the Dallas marketplace. It’s rare that you can put a home on the market and sell on the first day as it has in the past several years. A home for sale now…

Single-family median home prices July 2017 versus July 2018

Dallas and Fort Worth home prices Market Report July 2018. This information looks to indicate that the housing market is somewhat slowing, or rather, returning to normal pace. The Dallas market still continues to be a very attractive place in order to purchase your next home. Continued economic growth will keep housing demand strong for…

Our 15 business days home closing guarantee helps you to compete with cash buyers. Are you a Realtor or homebuyer looking to purchase a home in this competitive market? Often times your offer could be passed over in favor of by cash buyers that can close quickly. I’m proud to announce that Service First Mortgage…

Down Load The Richard Woodward Mortgage Team Mobile App

Get Approved for A Mortgage On Your Phone. Download my Free Mortgage App today. With my Mobile Mortgage app, I’ve enabled a hassle-free experience that ties every aspect of the mortgage process together—from simply applying to closing your loan. In order to provide the best mortgage service to my borrowers, we have developed Service First…

How to use a home improvement loan to buy or renovate a home

Home Improvement Loans done the easy way. Fannie Mae’s Homestyle Renovation mortgage, VA’s Renovation, and FHA’s 203(k) and (FHA 203K Streamline) loan programs are designed to finance the purchase and improvement of your home, all in one loan. The first thing most people want to do when they buy their home is – “make it…

The cost of waiting a year to buy your home

Home prices continue to rise in North Texas. If you want to buy a home, you should buy now as prices continue to rise. Mortgage Rates continue to rise as well. Home Prices, along with mortgage rates, push affordability to an all time high in the Dallas and Fort Worth home market. As a local…

Dallas Texas mortgage rates increased roughly 0.50% this month. Interest rates are almost 1% higher than their lowest point over the last 12 months. The stock market, perceived tax cuts, and fears of inflation have all combined to impact interest rates negatively. If you are even remotely interested in purchasing a new home or refinancing…