Mortgage Blog | Best Plano Broker

Expert Report that Reverse Mortgages Are No Longer Just for Struggling Homeowners You can turn your home equity into cash to pay off bills or preserve other savings or investments. They are complicated and not for everyone. Janice Keese decided not to make any major decisions after her husband’s sudden death in 2016. Janice Keese waited two…

Home Equity Growth can factor into savings with a reverse mortgage

Forbes: Turn home equity into additional savings with a reverse mortgage The ‘Mortgage Professor’ offers his thoughts about incorporating home equity into a retirement plan, and why including a reverse mortgage can significantly increase the funds available. A reverse mortgage, which can be used to convert equity from your home into cash, can help you…

Texas First-Time Homebuyer and Down Payment Assistance Programs Texas is home to everything. Unfortunately, this statement may not be true for your savings account. Perhaps you believed you didn’t have enough money to pay a down payment on your Texas first home when you last checked your savings account. Rethink that. We got you covered. Down payment…

Reverse Mortgages This article will provide information about reverse mortgages from a Certified Reverse Mortgage Specialist, Richard Woodward. It will include what you need to do to qualify, when you must repay the loan, and what could trigger a foreclosure. What is a reverse loan? Reverse mortgages allow older homeowners, 55 and older in some…

How Can An Owelty Lien Ease Your Divorce? By Elisa Reiter If you start with a definition from the dictionary, you may walk away without realizing what a wonderful device an owelty lien can be. Definition of OWELTY • Law Dictionary • TheLaw.com. Don’t walk away! Let’s say you and your partner are dissolving your…

How To Buy A Home Before You Sell Your Home

The Modern Way to Buy A Home Before Selling Your Current Home The Richard Woodward Team makes home buying stress-free. Never miss out on a great home because you haven’t sold your current one. The Modern Bridge Loan Program we offer puts you in a much better buying position. Until now, you had to sell your…

Rising Mortgage Rates Force Buyers to make offers You’ve likely heard that mortgage rates have risen and you are considering buying a home . It’s normal to wonder how mortgage rates will affect your homeownership plans, since they have risen by 2 percentage points. Buyers are responding in one of two ways today. They’re either buying now to avoid higher…

Negotiating a Home Equity Buyout When Getting a Divorce The best way for divorcing couples to deal with their marital home is to “buyout” the interest of the other. Other options include selling the home, or continuing to co-own the home. The parent with custody often buys out the other parent to ensure that the children are…

How can Real Estate Video Marketing Be Used to its Full Potential? Introduction Real estate video marketing is a relatively new technique that has been catching on with real estate agents and improving the sales of their listings. There are many benefits to video marketing that are often well worth the effort, and these benefits…

Get Your Offer Accepted In an Seller's Market 10 Proven Ways

Ten Ways to Get Your Offer Accepted in a Seller’s Market Now is the time to make an offer on your dream home. You’ve found the perfect house for your family and are willing to pay the asking prices. You think it’s a certain thing. But not so fast A seller’s market is a market that has more buyers than…