mortgage approval: Reverse Mortgage Myths | The Truth about Reverse Mortgages - 06/19/19 12:30 PM
Reverse mortgage myths are very common. Reverse mortgages are different than a traditional forward mortgage, therefore many people are afraid of them.  Few people have studied the benefits and the guidelines but are quick to dismiss what they don’t understand.  My name is Richard Woodward, and I am a certified reverse mortgage specialist. I’m going to give you the truth about reverse mortgages.
In 2017 HUD made sweeping changes to the government insured reverse mortgage program. These changes were designed to enhance the program and reduce the number of foreclosures. I like to call these improvements the beginning of The New Reverse Mortgage Program. In … (0 comments)

mortgage approval: Free Mortgage App for your phone - 07/06/18 12:52 PM
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 Mortgage – Richard Woodward Team Mobile App. It provides clients with tools to help you through the loan process with ease.
Imagine you are home shopping.  This app allows your to quickly and accurately calculate the payment for your new home in seconds.  Find out how much offering $10,000 more for a home will affect your payment.
Realtor and home buyers: Install it on your phone today
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mortgage approval: How does an inquiry affect my credit score for a mortgage - 01/16/18 04:58 AM
How does an inquiry affect my credit score for a mortgage. As a top Dallas Texas lender, I get this question all the time.  The fact is if you are shopping for a Dallas Texas mortgage, lenders have to pull your credit.  Let’s take a look at some basics.  What is an inquiry?  An Inquiry is the common term that is used to describe someone who is checking your credit status. Basically they’re inquiring about someone’s track record and payment history to creditors.
Many experts in the industry rate the inquiries down to a two part description. The two part description is … (0 comments)

mortgage approval: 5 things Plano home buyers should do - 08/29/17 07:38 AM
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 more attractive to sellers. I will even call the listing agent of the Plano home you want to buy and share with them your complete pre-qualified status. Most Plano Realtors would prefer to work with a local and direct lender that they know and trust. Check out … (1 comments)

mortgage approval: Need a Low Down Payment Option for your home purchase - 03/01/17 08:46 AM
Need a Low Down Payment Option for your home purchase HomeReady mortgages are designed to encourage home ownership.  For those clients looking for a larger property or have higher credit scores, Home Ready is an excellent choice.
You only need to make a 3% down payment for home loans up to $424,100.  The down payment can even be a gift from a relative or fiancé.
Read more about the program by visiting our HomeReady loan program page. 

Contact the Richard Woodward Mortgage Team today for your FREE consultation and customized mortgage purchase plan. Call now at 214-945-1066 or complete an online application now.
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mortgage approval: How to use a Bridge Home Loan to purchase your next home - 02/07/17 12:23 PM
How to use a Bridge Home Loan to purchase your next home February 7th, 2017 2:04 PM by Richard Woodward NMLS#217545
 
 
Are you thinking of buying a new home? If you are and you have a home to sell, you might worry about how to coordinate that.  Are you scared that you might sell your home and not be able to find your next home?  Buying and selling simultaneously can be stressful. 
 
Wouldn't you rather buy a new home and then take your time moving? The problem is that you need the equity in your existing home … (2 comments)

mortgage approval: What are the steps to getting a mortgage? Video review of the process - 12/29/16 09:30 AM
What are the steps to getting a mortgage? Buying a home in Dallas Texas or other hot market? Shopping for a mortgage is the first step toward owning a home and perhaps the most daunting, especially if you are not prepared. Make no mistake, there's a lot involved in getting a mortgage loan. You wouldn't be here on our site if you could fill out a one-page application and get the best loan for you funded the same day. Prior to the mortgage crisis that occurred around 2008, getting a mortgage was as easy as picking out a new coffee table for … (2 comments)

mortgage approval: You can avoid PMI when buying your Texas home, but is it worth it? - 11/10/16 02:53 AM
What is Happening in the Mortgage MarketYou can avoid paying PMI but is it worth it Private mortgage insurance can allow you to purchase a home with a smaller down payment than you might expect. But will it cost you more in the long run?
Not necessarily. In fact, you may even save money over time.
How can that be? Check it out by watching this video now!


 

Allow me to prepare for you a customized cost analysis to determine your best mortgage option.  Get up to 4 options today.  Call now or apply online for your no cost pre-qualification.
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mortgage approval: Start Your Best Home Buying Experience With a Top Rated Texas Lender - 11/07/16 04:52 AM
The Richard Woodward Mortgage Team of Interlinc Mortgage Reviews
At Interlinc Mortgage, we believe we have the best jobs in the world.  Richard has been a top mortgage lender in Plano Texas for over 16 years.  His team of talented and caring mortgage professionals help you afford the home of your dreams.  The process of financing a Plano Texas home can be complicated, and maybe even a bit scary.  Richard Woodward's team at Interlinc Mortgage can help you navigate these waters and find the right home loan for you.  As a direct Plano mortgage banker Richard's team has the connections and resources to provide you … (0 comments)

mortgage approval: No Money Down Home Loans Are Getting Better In Texas - 09/29/16 01:58 AM
No Down Payment USDA Mortgage Program Makes Texas Homes More Accessible 
One 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" evaporating in the credit crisis, one national no-down payment program still remains: USDA Rural Development home loans. The majority of Texas communities qualify for this program which could save home owners a considerable amount of money when compared to a FHA or conventional mortgages.
The Richard Woodward Mortgage Team has over a decade … (2 comments)

mortgage approval: What are the steps to getting a mortgage - 09/13/16 09:38 PM
What are the steps to getting a mortgage? Shopping for a mortgage is the first step toward owning a home and perhaps the most daunting, especially if you are not prepared. Make no mistake, there's a lot involved in getting a mortgage loan.  
Working with a local, direct mortgage banker such as The Richard Woodward Mortgage Team of Interlinc Mortgage Services, LLC will make the process much easier and stress free.  Unlike many of the large banks, our team is highly specialized and laser focused on providing concierge service.  We are not stretched so thin that we can't answer you phone … (0 comments)

mortgage approval: Mortgage Do's and Don'ts Video - 08/19/16 05:26 AM
Things to Avoid While Purchasing a Texas Home
Are you looking for a new mortgage? We'll be glad to talk about your mortgage needs! Give us a call today at (214) 945-1066. Want to get started? Apply Now.
What's more fun than buying a bunch of new furnishings to go in your future home? Not much. But making large purchases before your loan closes can be a mistake. Until your loan closes, there still remain some hurdles to jump. Below you'll find a list of things to avoid during this crucial time of your home purchase.
Don't overspend while your loan is in process. … (0 comments)

mortgage approval: There is a difference between Pre-qualified and Pre-approved Mortgages - 08/09/16 08:55 PM
Are you pre-qualified or pre-approved for a purchase loan?
Most people don't know the difference between a Pre-qualification and a Pre-Approval. As a top Plano Texas mortgage lender, we feel you should know the difference.  It could mean the difference between winning that competitive bid or being beat out by a buyer that was wise enough to complete the most important step - full Pre-Approval.  Before you begin to shop for a new home, you should set up a time to meet with me so we can figure out how much you can afford. This will put you in a better position as a buyer. That’s when … (2 comments)

mortgage approval: What are the steps to getting a Texas mortgage - 08/06/16 10:32 PM
What are the steps to getting a Texas mortgage? Shopping for a mortgage is the first step toward owning a home and perhaps the most daunting, especially if you are not prepared. Make no mistake, there's a lot involved in getting a mortgage loan. You wouldn't be here on our site if you could fill out a one-page application and get the best loan for you funded the same day. Prior to the mortgage crisis that occurred around 2008, getting a mortgage was as easy as picking out a new coffee table for the gameroom. Now, it seems home buyers have to … (1 comments)

 
Richard Woodward  NMLS#217454, Service Beyond Expectations! Your Texas Lender (Service First Mortgage, NMLS #166487) Rainmaker large

Richard Woodward NMLS#217454

Service Beyond Expectations! Your Texas Lender

Dallas, TX

More about me…

Service First Mortgage, NMLS #166487

Address: 6800 Weiskopf Ave., Suite 200, McKinney, TX - Texas, 75070

Office: (214) 945-1066

Mobile: (972) 814-3587

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