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Bryan Woodard

NMLS ID 1211923

817-482-1200 bwoodard@trademarkmtg.com

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Is a Bigger Down Payment Always Better?

In the homebuying process, if you find yourself in the enviable position of having more cash than needed for a minimum down payment, it may be difficult to know just how much you should put down. A larger down payment can bring plenty of benefits, but is it always best to contribute the biggest down payment possible?  First, remember that every loan program has its own down payment requirements. FHA loans for example require a minimum of 3.5% while jumbo loans will require at least 10%. To get a conventional loan without PMI you’ll need 20%. USDA and VA, by contrast, do not requi...

September 25th, 2019 | Purchasing a Home, Preapproval, Mortgage Advice, Is a Bigger Down Payment Always Better?

Can I Get a Mortgage Without a Credit Score?

You need a good credit score to get the best rates on mortgage loans. Less-than-perfect scores will mean higher interest rates and subprime credit scores will make borrowing money very expensive. But what if you have no credit score at all? Is it possible to get a mortgage without a credit score?  The Credit Score-free Population According to the Consumer Financial Protection Bureau (CFPB), there are approximately 26 million American adults without a credit history and another 19 million whose credit histories are too outdated or limited to be scored with the traditional methods by ...

September 18th, 2019 | Preapproval, Purchasing a Home, Credit, Can I Get a Mortgage Without a Credit Score?

9/11 A Day We Will Never Forget

"As we commemorate the ... anniversary of the 9/11 terrorist attacks in New York, Shanksville, Pennsylvania, and at the Pentagon, it is a time for remembrance, resolve and renewal. We reverently recall those who were most directly affected by this tragedy—those who died, were injured or lost loved ones. In a special way we recall the selfless first responders—firefighters, police, chaplains, emergency workers, and other brave persons—who risked, and many times lost, their lives in their courageous efforts to save others. We also remember how our nati...

September 11th, 2019 | Remember, Never Forget, 9/11 A Day We Will Never Forget

How Does the Stock Market Affect Mortgage Rates?

When there are dramatic swings in the stock market, you may wonder how mortgage interest rates will be affected. What is the relationship between mortgage rates and the stock prices? Do they move together or in opposite directions?  Stocks and Mortgage Rates Both Mimic the Economy While the stock market is not directly related to mortgage rates, both are based on the basic movement of the economy.  When things are going swimmingly, both stock prices and mortgage rates tend to rise. They both generally fall when the economy is faltering. When investors are concerned about nation...

September 4th, 2019 | Interest Rates, How Does the Stock Market Affect Mortgage Rates?