Richard Woodward's (richardlends) Blog

How to Buy A Home in Today's Market Buying a home raises a lot of questions. We know because we answer those questions every day. Our goal is to help you get straight answers to your specific questions. To make it easier for you, we've put our experience into this E-book.  Click Here to get yours...

    Richard WoodwardBanker / Senior ManagerEnvoy MortgagePhone: 972-661-5136Fax: 972-314-9647Rwoodward@Envoymtg.comwww.Envoy-Mtg.com May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009      Create Your Own Buyer Stimulus PackageGreat Home Buyer Opportunities Des...

  Richard WoodwardBanker / Senior ManagerPhone: 972-661-5136Fax: 972-314-9647Rwoodward@Envoymtg.comwww.Envoy-Mtg.com   Interest Rates on the Rise? For the last couple of years, home buyers have benefitted from an affordable combination of lower home prices and lower interest rates. But if you've...

  The Fed is meeting April 27 and 28th, and its actions could impact home loan rates! Don't Wait. Call me before the Fed acts so we can review your situation and determine if there's anything you need to do.   Richard WoodwardBanker / Senior Branch ManagerWhen Trusted Advice Counts Office: (972)...

Many people today are considering short sale or deed-in-liew of foreclosure as an option to foreclosure.  How does that effect the sellers ability to obtain a mortgage in the future?  Today, Fannie Mae announced an immediate change to it's guidelines that could help some buy a new home sooner tha...

Putting Things in PerspectiveFactors to Consider When It Comes to Your Mortgage In last month's You Magazine, Barry Habib, Chairman of Mortgage Success Source, discussed how home loan rates may well buck the phrase, "March comes in like a lion and out like a lamb" due to the Federal Reserve endin...

Attention Homebuyers: Double-Barrel Stimulus DeadlinesThreaten Rates and Affordability; The Time to Act is NOW! The great author and speaker Og Mandino once said, "I will act now. I will act now. I will act now." This is great advice for prospective homebuyers over the next 45 days, as two key go...

Cash Strapped Buyers Could Get Shut Out If you have buyers in need of 100% financing, take notice! One widely popular tool for funding is about to run out of money. Buyers that need a no down payment loan guaranteed by the USDA are running out of time to get their deal done. This program is a fav...

Important Deadlines on the Horizon Two years ago, the Washington Post reported that home loan rates shot up to nearly 7% from 6% in less than a week. The volatility demonstrated that week resulted from turmoil in the financial markets and a lack of buyers for mortgage backed securities (MBS). Tha...

    How to buy a Fixer-Upper    FHA 203(k) For Purchases Real estate agents and home buyers are scrambling to adjust to today’s real estate market which is filled with foreclosed homes that have suffered from disrepair and neglect. Many banks that own these foreclosed properties are unwilling to ...