buying a home: How To Buy A Home Before You Sell Your Current Home - 06/10/22 09:02 AM
The Modern Way to Buy A Home Before Selling Your Current HomeThe Richard Woodward Team makes home buying stress-free. Never miss out on a great home because you haven’t sold your current one.The Modern Bridge Loan Program we offer puts you in a much better buying position.  Until now, you had to sell your current home before you could buy a new one. Today, you’ve got a better option. Buy before you sell gives you the power of a cash offer and helps you avoid the uncertainty of the traditional real estate transaction.  The Richard Woodward Team will pre-approve you for the purchase of … (4 comments)

buying a home: Rising Mortgage Rates Force Buyers to make offers - 05/18/22 06:52 AM
Rising Mortgage Rates Force Buyers to make offersYou’ve likely heard that mortgage rates have risen and you are considering buying a home . It’s normal to wonder how mortgage rates will affect your homeownership plans, since they have risen by 2 percentage points.
Buyers are responding in one of two ways today. They’re either buying now to avoid higher rates or waiting for rates to fall. We will look at the context to help you understand why so many buyers are taking action and not waiting for rates to drop.
How the Current Mortgage Interest Rate Compares with Years PastHow today’s mortgage rates compare with historical data could be … (1 comments)

buying a home: How to get your offer accepted as a cash buyer and still finance. - 04/27/22 03:30 PM
How to get your offer accepted as a cash buyer and still finance. Are you a home buyer or Realtor making offers on homes only to be beat out by cash buyers?  I know it is frustrating.  You are a perfectly good buyer with a strong pre-approval for financing. But in today’s market, sellers think cash is better.   In a competitive housing market, cash is king. Buyers who can bring liquid capital to the closing table are 3x more likely to win bids on the homes they want. But what if you don’t have the resources to afford an all-cash offer? No … (3 comments)

buying a home: $600 Appraisal Credit Available for Home Buyers In Texas and Colorado - 02/18/22 05:33 AM
I want to help you buy your Texas, Colorado, Oklahoma, or Kentucky home. Mortgages Made Easy And a $600 Appraisal cost credit.
I’m offering up to $600 credit towards your appraisal for home buyers.  I want to help you become a homeowner. For a limited time only, I will credit you $600 towards your appraisal cost at closing for all loans that originate between now and March 31st 20222.
All you need to do is prequalify with me first, provide me all your requested documentation and an executed purchase contract, and I will close you quickly. You will pay for the appraisal at … (1 comments)

buying a home: What Is a Home Warranty, and Is It Worth It? - 04/05/21 07:54 AM
What Is a Home Warranty, and Is It Worth It?
Owning a home can be expensive. Appliances and other items break down regularly, and they usually aren’t cheap to fix. You can offset the cost by getting a warranty. Home warranty companies offer an assortment of service contracts for homeowners. If you purchase a contract, it will cover the cost of replacing or repairing specific items in your home. 
Learn more about what a home warranty covers, and find out if it’s worth it. If you decide to buy one, you can compare prices and options and choose the best home warranty for your situation.  
It … (2 comments)

buying a home: Hey Realtors, Did You Forget Someone? - 10/02/18 02:54 PM

Does this scenario haunt you?
Maybe you’ve helped a couple like Steve and Alyssa find the perfect family home, then overlooked helping Steve’s parents in their quest to move nearby.
You may have handed two additional real estate transactions to another agent.
Steve’s baby boomer folks have tremendous equity in their existing home, but are concerned about whether they’ve saved enough for retirement. They also represent 25% of the residential real estate market. So, are you prepared to help this special sector of the market feel confident about making a move to be near loved ones?
If you’re able to share with seniors 62+ how … (0 comments)

buying a home: Home loans for self-employed people - 08/23/18 12:21 PM
Home loans for self-employed people using bank statements to qualify. Do you have a great CPA that helps you pay less taxes?  That can make it difficult to qualify for a home loan.  I can help.  NO TAX RETURNS REQUIRED.   Buy a home today or cash out your existing home equity.
If you own your own business or are self-employed, you know that getting a mortgage can be difficult.  You may generate a great inflow of cash and make great money but the system of tax write-offs for self-employed individuals holds you back from qualifying for a mortgage with traditional home … (1 comments)

buying a home: How to qualify for a home loan with student loan debt - 05/19/17 02:57 PM
How to qualify for a home loan 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 payment or a documented fully amortized payment schedule. So for instance if you have a $50,000 student loan debt, lenders would have to use $500 as your monthly payment. For FHA transactions this can put many homebuyers out of the market.
The Richard Woodward Mortgage Team … (4 comments)

buying a home: HomeReady? 3% down with flexible home loan options - 04/05/17 05:28 AM
Fannie Mae launched a new First Time Home Buyers 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 customized analysis to ensure you are getting the best loan program at competitive rates to suit your needs. We are dedicated to you – the home buyer – and to the principle that all transactions should be on time and as agreed.™
There are many benefits for a borrower using HomeReady mortgages. … (0 comments)

buying a home: Filing taxes and buying a home Warning your loan might not close - 03/17/17 03:05 PM
You can use your tax refund for your down payment and closing. In order to do so you have to file your 2016 tax returns. Doing so while you're trying to purchase a house tax filing time can cause some problems.
Lenders are required to provide proof that you have actually filed your tax returns by obtaining copies of your tax transcripts from the IRS. Normally this is not an issue but if you're trying to close on a home at the end of April and you just found your tax returns on tax day, this may be an issue.
Lenders look at … (0 comments)

buying a home: Should You Buy A Texas Home In December? - 12/19/16 02:41 PM
Buying A Texas Home In December Could Save You Money It’s December and it’s really cold outside. If you have been even remotely thinking about buying a Texas home, December could possibly be the best time for you to do so. There’s less competition in the marketplace, most people are enjoying the holidays going to parties enjoying themselves. The homeowners that have their homes listed during this time of the year are usually pretty motivated. You can pick up a good deal on a home, have a lot less competition, and do so before the mortgage rates continue to rise. 

So … (3 comments)

buying a home: Why saving for a large down payment could cost you - 07/18/16 08:27 AM
Why saving for a large down payment on a home may not be the smartest thing to do Are you to buy a Dallas area home? When prices are rising, why not let the market help you?
It's great to save up for a large down payment  of 20% or more. Yet, when prices are on the rise, saving quickly enough to keep pace can be extremely difficult. In times such as these why not let the market build equity for you instead.  According to the Dallas morning news, Dallas and the DFW Metroplex, ranks fourth in the nation for the … (0 comments)