Richard Woodward | (214) 945-1066

Divorce Secrets Revealed: How to Safeguard Your Mortgage During a Divorce

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…

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…

Questions to ask before you hire a divorce attorney

You need the right legal representation to help you resolve a family matter or planning for a divorce. You also want to make sure that the family lawyer or divorce attorney you choose has the experience and knowledge necessary to handle cases similar to yours. It is important that you take the time to meet with potential…

8 Things to Know About Selling Your House Before or After Divorce There are many things to consider and decisions to make when going through a divorce process. One of them is figuring out what to do about the house. In some cases, one of the partners keeps the house; however, this can become an…

Understanding the Transfer of Real Estate during Divorce.

When transferring title and ownership to real estate during divorce, it is important to have an understanding of the various real estate deeds. When the title is not properly conveyed, problems can occur. During a divorce, title and ownership interest are very likely to change. In this article we will discuss ways to transfer title…

Equity Buy Out Preapproval During A Divorce is just as important to obtaining mortgage preapproval to purchase a new home. It has been common practice for many years. A preapproval shows the home seller that the buyer has the financial strength to obtain mortgage financing to successfully complete the purchase transaction. The mortgage purchase preapproval…