Richard Woodward's (mortgagepros1) Blog

Is a Reverse Mortgage Right for Your Divorcing Clients?Divorcing later in life is not a new phenomenon, but it is becoming more and more common. Indeed, the increased occurrence of “grey divorce,” as it’s called, has been identified as a significant 21st century divorce trend. Even though the ove...

A Reverse Mortgage Could Supplement Your Retirement Plan Here is a great article about how to use a Reverse mortgage as part a saving plans. Many retirees are experiencing a shortfall in savings. Did you know you can extinguish your existing mortgage and allow your reverse mortgage to build a gro...

Low Down Payment Doctor home Loans with Flexible underwriting options Doctor Home Loans for Texas home buyers.  The caring help you need when you are buying your home. From the time you first speak to The Richard Woodward Mortgage Team about your physicians home loan to the time you close, our hi...

Refinancing while divorcing is a very hard thing to do.  Emotionally and financially, it can be very stressful.  Finding an experienced mortgage lender in Texas capable of handling this delicate situation is essential.Texas is a common law state and if you are married and own Real Estate that is ...

File your Texas Homestead Exemption form if you closed on your home on or before December 31st. I like to remind people in the later part of January because hopefully you're done with your Holiday bills and you're starting to get your tax information ready.If you own a residence in Texas, you may...

Eliminating Private Mortgage Insurance From Your Texas Home LoanIn the market for a new mortgage? We'd be thrilled to discuss our many mortgage solutions! Call us at (214) 945-1066. Ready to get started? Apply Now.For loans made since July 1999, lending institutions are required (by federal law) ...

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 wo...

FANNIE MAE HOMESTYLE® RENOVATION LOANWhether you are looking to purchase a Plano Texas home that needs renovations or repairs or are refinancing an existing Plano Texas mortgage and looking to make home improvements, the Fannie Mae Homestyle® Renovation Loan is an excellent home loan choice.   Ar...

 Is an FHA Mortgage The Right Loan For Your Dallas Texas Home?Why are FHA loans so accessible?For a first time home buyer, a step up buyer, or buyers with bruised credit, a FHA loan makes it easier for Texas residents to qualify because the government guarantees the loan making it less risky for ...

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 ...