Mortgage Blog | Best Plano Broker

The cost of waiting a year to buy your home

Home prices continue to rise in North Texas. If you want to buy a home, you should buy now as prices continue to rise. Mortgage Rates continue to rise as well. Home Prices, along with mortgage rates, push affordability to an all time high in the Dallas and Fort Worth home market. As a local…

I am going to show you how to finance in home improvements or additions. If you are having a hard time finding a home that fulfills all your hopes and dreams, perhaps a renovation home loan can help you. It takes a special person to see the potential in a home that’s in need of…

Who is on your Professional Divorce Team? Every successful divorce case requires the execution of a professional team; so, who’s on yours? A divorce attorney may be an expert in divorce law, but they are not licensed loan officers. Divorce mortgage lending requires expertise in not only lending, but an understanding of divorces. A Divorce…

Divorcing Your Mortgage Newsletter. May 2018, bringing you Divorce Trivia. The History of Trivia is Anything But Trivial Calling all trivia buffs! You may school your friends in every random fact from pop culture to World War II, but how much do you know about the history of trivia itself? The dictionary defines trivia as…

Getting a home loan can sometimes be pretty challenging. You have to complete an application, your credit report has to be pulled, and then you must supply documentation to back up the information on your application. The difficult part then begins. Underwriting. Underwriting is when a person charged with approving your loan must review all…

Dividing Up Credit Card Debt During A Divorce

Divorce can ruin your credit report. Divorce is hard enough when you combine finances, it can sometimes lead to difficult situations. Often times these difficult situations are initiated by a soon to be ex-spouse making late payments on shared accounts. These late payments appear on both of the account holders’ credit reports, despite divorce decrees. In…

Divorcing Your Mortgage Newsletter, Marital Liens Marital Liens, Lis Pendens & Mortgages Lis Pendens are notices that warn the public of lawsuits that affect real estate. They are often used in divorce cases to protect one spouse when the other tries to transfer real estate without the other spouse’s knowledge. A Lis Pendens help to…

Are you a great remodeling contractor or designer? Contractors can enjoy safe and secure funding for their clients by partnering with The Richard Woodward Team. With years of experience and an easy funding process, we can help contractors and homeowners with larger renovation mortgages and lower costs. We are currently providing FHA 203K loans, Homestyle…

Get Ready for the Tax Deductions! The IRS is nice to homeowners, no kidding. Here are some of the tax breaks available. • Purchase Costs Deduction. In most cases, any loan discount points and origination fees are tax deductible for the buyer, no matter who pays for them. Any “daily interest” paid on the mortgage…

Property Settlement Notes in Divorce Property Settlement Note – a deferred payment in property settlement used to equalize property. Used to equalize property Not taxable to recipient Does not survive bankruptcy Very often when divorcing couples negotiate the terms and conditions of a property settlement, they agree to a structured settlement, which is a series…