Richard Woodward | (214) 945-1066

Should We Sell the House or Refinance During Divorce? A Texas Homeowner’s Guide

The short answer is this: There isn’t one right answer—but there is a right answer for your situation. One of the first questions I ask homeowners during a divorce consultation is, “What do you want your life to look like one year from now?” Most people think the conversation starts with interest rates or mortgage…

What if the most important document in your divorce isn’t the final decree, but the divorce lending strategy you build before you ever step into a courtroom? With nearly 70% of divorces involving the division of real estate, the stakes for your family home are incredibly high. You might be lying awake wondering if you…

Can I keep my low interest rate after a divorce

The short answer is: maybe—but it depends on your loan, your lender, and how your divorce is structured. One of the first concerns I hear from homeowners going through a divorce is, “Richard, I have a 2.75% interest rate. Am I going to lose it?” It’s a great question, and it’s one that’s become much…

Should you remove your ex-spouse from the mortgage before or after divorce

The short answer is yes—if possible, you should understand your mortgage options before your divorce is finalized, not after. One of the first questions people ask me during a divorce consultation is, “Richard, when should I remove my ex from the mortgage?” Unfortunately, many people don’t ask that question until it’s too late. After more…

One of the most common questions I hear from homeowners going through divorce is: “Can I refinance before the divorce is final?” The short answer is:Sometimes — but it depends on timing, the divorce agreement, and how the mortgage is being structured. In Texas, divorce refinances can become complicated quickly if the mortgage strategy is…

If you’re going through a divorce in Texas—or advising someone who is (this is meant for your divorce attorneys)—understanding the difference between a cash-out refinance and a rate-and-term refinance isn’t just helpful. It can directly impact: Whether the home can be kept How much equity can be accessed And how much the loan will cost…

Are Your Owelty Liens Costing Clients thousands

If you’re a family law attorney in Texas—or going through a divorce involving real estate—there’s one critical question you need to ask: Is the Owelty Lien structured correctly for financing? Have you double checked the title history? An existing Texas cashout refinance will prevent the use of an Owelty lien. This means that no division…

How a Texas Owelty Lien Works in a Divorce

If you are going through a divorce in Texas and one spouse wants to keep the home, you have probably heard the term “Owelty lien.” If you haven’t, I’m here to offer you the knowledge you need to make an informed decision. Most people have no idea what that means. But if your divorce involves…

Divorce is one of life’s most difficult milestones — and deciding what happens to your home can feel overwhelming. For many Texas homeowners, the marital residence is not only the largest financial asset but also the emotional center of family life. Selling the house isn’t always the best option, especially when children, community ties, and…

Divorce often forces one of the most difficult financial decisions a homeowner will ever make: how to keep the house while buying out a spouse’s equity. In Texas, the best method is through an Owelty lien, but most lenders either don’t understand Owelty liens—or avoid them altogether. They try to force you into a more…