blog Archives | Page 23 of 29 | The Richard Woodward Team Nexa Mortgage

Are you a great remodeling contractor or designer? Contractors can enjoy safe and secure funding for their clients by partnering with The Richard Woodward Team. With years of experience and an easy funding process, we can help contractors and homeowners with larger renovation mortgages and lower costs. We are currently providing FHA 203K loans, Homestyle…

Get Ready for the Tax Deductions! The IRS is nice to homeowners, no kidding. Here are some of the tax breaks available. • Purchase Costs Deduction. In most cases, any loan discount points and origination fees are tax deductible for the buyer, no matter who pays for them. Any “daily interest” paid on the mortgage…

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. 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 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 | 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…

Mobile Mortgage Calculator for the Richard Woodward Team

Mortgage rates update for Dallas Texas for January 19, 2018. Mortgage rates climbed higher this week as a result of the bullish stock market. The stock market was pushed higher on economic optimism and as the recent tax plan buoyed stocks. Unfortunately, the bond market did not fare so well. The bond market determines interest…

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…

Now is the time to file your Texas Homestead form if you closed on your home prior to January 1st. I like to remind people in the latter part of January because hopefully you’re done with your Holiday bills and you’re starting to get your tax information ready. If you own a residence in Texas,…

Dallas home value hit another record high in December 2017. There has never been a better time to own a home in Dallas Texas. According to Redfin, the median home sales price in Dallas Texas increased 5.66% as compared to December 2017. I helped one homeowner in North Dallas purchase a home in 2014. She…