Divorce and your credit report

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 […]

Looking for remodeling contractors and designers for Home Improvement Loans

Renovation Loans Approved Contractors

Are you a great remodeling contractor or designer? Thank you for your interest in becoming an approved contractor. I’m looking forward to working with you. We are currently providing FHA 203K loans, Homestyle renovation loans, VA renovation loans, and one-time close construction loans. Our goal in setting up the contractors with a preapproval is to […]

Property Settlement Notes when Divorcing

Divorcing Your Mortgage Newsletter

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 […]

The NEW Reverse Mortgage | Better, Safer, Life Changing

Get comfortable with a reverse mortgage

The NEW Reverse Mortgage Better, Safer, Life Changing. Here’s the story of a pretty typical retiring American. This lovely couple came to me after trying to get approved by numerous lenders. They did what many loving parents did. They used their life savings to help their children start a business. As the business failed they […]

Dallas Texas Mortgage Rates | February 2018

Mortgae Interest Rates

Dallas Texas mortgage rates increased roughly 0.50% this month.  Interest rates are almost 1% higher than their lowest point over the last 12 months.  The stock market, perceived tax cuts, and fears of inflation have all combined to impact interest rates negatively. If you are even remotely interested in purchasing a new home or refinancing […]

Divorcing Your Mortgage IRA Conversion

IRA

Divorcing Your Mortgage |  Should Divorcing Clients Convert to a Roth IRA One of the primary benefits of using a Roth IRA is that you don’t pay  income tax when you withdraw funds in retirement. Unfortunately not everyone meets IRS standards to contribute to a Roth IRA. The primary reason  individuals are not allowed to […]

How does an inquiry affect my credit score for a mortgage

How does a mortgage inquiry affect my credit score

How does an inquiry affect my credit score for a mortgage. As a top Dallas Texas lender, I get this question all the time.  The fact is if you are shopping for a Dallas Texas mortgage, lenders have to pull your credit.  Let’s take a look at some basics.  What is an inquiry?  An Inquiry […]