RECENT BLOG POSTS
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
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
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Richard Woodward NMLS#217454

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7711 San Jacinto Place, Ste 100 Plano, Texas 75024
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