RECENT BLOG POSTS
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 renovation of your home, all in one loan.The first thing most people want to do when they buy their home is – “make it theirs”. Renovation...
09/27/2017
What does PITI consist of? Breaking Down your monthly mortgage payment.PITI is the handy acronym for your monthly mortgage payment. It’s pronounced like the word “pity” and the letters stand for the four parts of that monthly payment: P stands for Principal That’s the part of the monthly payment ...
09/25/2017
Hurry! Offer Ends October 15th 2017. FHA home loans open the door to home ownership to millions of home buyers. Allow me to help you buy your home. Save today.>>>>>>Please like and share if you know anyone looking to buy sell or refinance a home. <<<<<<<<...
09/25/2017
By now, I’m sure that you have heard about the Equifax security breach. My friends at Rising Point Solutions put this information together for you. At the Richard Woodward Mortgage Team, we are always looking for ways to help our customers.While this isn’t the largest security breach that has hap...
09/11/2017
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 ...
09/06/2017
Dallas 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 l...
09/01/2017
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 makes you...
08/29/2017
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.Did you know that with an FHA insured reverse mortgage that you o...
08/25/2017
Fannie Mae launched a new First Time Home Buyer program called HomeReady designed to encourage home ownership. For those clients looking for larger properties or that have higher credit scores, HomeReady is an excellent choice. As a home buyer, our team will provide you with all the tools and a c...
08/04/2017
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
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