Richard Woodward | (214) 945-1066

25 Questions to Ask When Buying a House in Dallas/Fort Worth

Buying a Dallas or Fort Worth area, or any home is one of the biggest decisions you’ll ever make. It’s exciting but can feel overwhelming with all the details to consider. To help you make an informed decision, here’s a list of 25 Questions to Ask When Buying a Home. Let’s dive in! 1. What’s…

Buy Before You Sell with The Richard Woodward Team Move into your dream home before you sell your current one! This innovative program from The Richard Woodward Team allows you to unlock equity from your existing home and remove the home sale contingency from contracts and mortgage approvals. This means you can move into your…

12 Mortgage Red Flags That Could Cause Your Mortgage To Be Declined

Mortgage Red Flags: Property Issues that Could Derail Home Financing Whether you are buying a home for the first time or investing in a rental home, there is a huge chance that you will need a mortgage to finance that property. Most people who buy real estate don’t do it with their own money because…

Hello, homebuyers! It’s Richard Woodward from The Richard Woodward Team at NEXA Mortgage here. If you’re here, you’re likely wondering, “Which type of mortgage is best for me?” You’re not alone, and we’re here to help! Before we delve deep into the world of mortgages, have you considered signing up for our exclusive Purchase Assistant…

How to get the seller to subsidize and lower your mortgage payment

If you are shopping for a home, you may have noticed interest rates have changed a bit. Are you concerned about the current interest rates and how to lower your monthly mortgage payment? Yes, interest rates are higher now than they have been in the last couple of years, but it’s still a great time…

2022- the Rules have changed in the mortgage business

The Mortgage Business has Changed in 2022 The mortgage business is changing in 2022 in a number of different ways. We are going to look at what is coming in 2022 for the mortgage business and the Real Estate business. Forecasting is not easy these days, especially when it comes to economics. For example, many…

How does one spouse buy out the other in a divorce

Divorce and how to buy out or split the equity in the marital home. One spouse can buy the other spouse from the house they owned before marriage when the divorce decree states who will keep the house and how much equity will be divided. In other words, the existing spouse gives an offer to…

What is a Reverse Mortgage and how does it work? A Reverse Mortgage is a mortgage specifically designed for those 62 years of age and older who want to have more control over their mortgage and their assets. It is similar to an FHA mortgage but with lots of extra options and protections. They are easier…

Home Care for Seniors or those in need. An Introduction

Home care for Seniors or others in need is a topic near to my heart. I work with seniors often in the course of my reverse mortgage business. I am so thankful to be able to help our elders with financial resources to stay in their homes. I am a firm believer that as long…

Why A Reverse Mortgage Does Not Cost To Much

Many critics will tell you that a reverse mortgage cost too much. Mind you, most of those critics have never studied reverse mortgages and are relying on misinformation to form an opinion. I wanted to share with you some great information provided by Wade D. Pfau, Ph.D. Wade D. Pfau, Ph.D. CFA, is a professor…