Richard Woodward | (214) 945-1066

What Happens To Your Mortgage In A Divorce: What You Need To Know

Divorce is a challenging process, and when it involves a shared mortgage, the complexity only increases. Whether you’re considering selling your home, refinancing your mortgage, or buying out your spouse’s share, it’s crucial to understand the options available to you and the potential implications of each choice. This guide will walk you through these options…

Divorce is a challenging and incredibly stressful process, particularly when it comes to dividing assets like the family home. As a Certified Divorce Lending Professional, I have the expertise to guide you through this complex situation, especially with the use of an Owelty lien, which is a powerful tool in Texas for dividing home equity…

7 Essential Tips for Divorcees Selling Their Home in Dallas

Navigating through a divorce is challenging enough, and selling a home amidst this process adds another layer of complexity. In Dallas, where the real estate market can be as unpredictable as the weather, it’s crucial to approach the sale of your marital home with care and strategy. Here are seven tips to help divorcees sell…

Hey there! Are you currently grappling with the difficult decision of whether to sell or keep your home during a divorce? I understand how overwhelming this choice can be. As a licensed lender and experienced divorce lender professional, I’ve guided numerous individuals through the complexities of divorce and mortgage decisions. In this article, I’ll help…

Divorce and Mortgage: 10 Expert Tips to Keep Your Home and Your Sanity

Divorce is a challenging time that brings significant changes to one’s life, and it’s crucial to approach it with careful consideration, especially when it comes to financial matters. At The Richard Woodward Team Nexa Mortgage, we understand the complexities of divorce and the impact it can have on your financial well-being. That’s why we emphasize…

Hey there! Are you currently going through a divorce and feeling overwhelmed by the thought of what might happen to your mortgage? Don’t worry, you’re not alone. As an experienced divorce lender professional, I’ve helped countless individuals navigate the complexities of divorce and mortgage. In this article, I’ll reveal some essential secrets to help you…

How to Divide Your Home Equity in a Divorce: What Do You Need? Divorce is a difficult and stressful process. Not only will you feel the loss of a relationship, but you may also be dealing with legal and logistical hurdles. Splitting up real estate assets, even in the best of relationships, can cause distrust and resentment.…

Divorce Equity Buy Out Is better with an Owelty Lien to 95

Divorce Equity Buy Out Is better with an Owelty Lien and up to 95% of the home’s value. The decision of which spouse will keep the marital house is an important one in many divorce situations. In some cases, the spouses agree to sell their home and split the equity. Other cases see one spouse keeping the…

Perspective of a Certified Divorce Lending Professional

A Certified Divorce Lending Professional works for you. Mortgage professionals who are certified as divorce professionals have successfully completed a comprehensive certification program that includes continuing education, development, and mortgage planning. This ability to see beyond the typical scope of a traditional mortgage professional is a major difference from those without training, who only have a…

Divorce Equity Buy-Out Pre-Approval in a Changing Mortgage Environment

The mortgage rates for 30-year fixed-rate loans are higher now at more than 6%. This makes it difficult for divorcing homeowners who want to refinance for an equity buy-out or purchase a new home. Most homeowners facing divorce are faced with refinancing their mortgage. They will likely have an interest rate of 4% or lower. Recent increases…