RECENT BLOG POSTS
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 mor...
07/28/2017
No Down Payment USDA Home Loans Makes Texas Homes More AccessibleOne of the biggest challenges many Texas first-time home buyers or step up buyers face is a lack of down payment and the necessary funds for closing costs. However, even with the widespread availability of “no-money-down programs” e...
07/21/2017
A reverse mortgages (also called home equity conversion loans or HECM) enable homeowners age 62 and older to tap into their equity without selling their home (or purchase without making mortgage payments)The lender pays you money based on the equity you’ve accrued in your home; you receive a lump...
07/21/2017
Reverse Mortgage Myths are very common. At Service First Mortgage, we’re committed to making sure you receive honest and accurate information about reverse mortgages so you can make an educated decision that’s best for you.Here are some of the most common misconceptions about Home Equity Conversi...
06/30/2017
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 l...
06/27/2017
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 s...
06/23/2017
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 ...
06/20/2017
Reverse Mortgage for Purchase in Texas. Home buyers 62 years of age or older are now eligible to purchase a Texas primary residence and make no payment for life. What better way to enjoy your retirement than in your own comfortable home with very flexible payment options. Texas home owners are no...
06/16/2017
Your Guide to the HomeStyle Renovation Loan If you are having trouble finding your perfect home in the perfect neighbor, the Homestyle renovation loan could be the perfect solution for you. Many homebuyers are finding it difficult to find a home that is move-in ready. Why not find an acceptable h...
06/16/2017
5 reasons you may want to refinance your Texas home this year. I know the market well and McKinney home owners can save thousands by refinancing, especially exiting FHA home owners.Mortgage rates are near historical lows, but could climb. The Federal Reserve raised the Prime Rate this year and ma...
06/09/2017
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Richard Woodward NMLS#217454

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