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…

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Reverse Mortgages Are No Longer Just for Struggling Homeowners

Expert Report that Reverse Mortgages Are No Longer Just for Struggling Homeowners You can turn your home equity into cash to pay off bills or preserve other savings or investments. They are complicated and not for everyone. Janice Keese decided not to make any major decisions after her husband’s sudden death in 2016. Janice Keese waited two…

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Reverse Mortgage Options and Education

Reverse Mortgages This article will provide information about reverse mortgages from a Certified Reverse Mortgage Specialist, Richard Woodward. It will include what you need to do to qualify, when you must repay the loan, and what could trigger a foreclosure. What is a reverse loan? Reverse mortgages allow older homeowners, 55 and older in some…

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How Can An Owelty Lien Ease Your Divorce? By Elisa Reiter If you start with a definition from the dictionary, you may walk away without realizing what a wonderful device an owelty lien can be. Definition of OWELTY • Law Dictionary • TheLaw.com. Don’t walk away! Let’s say you and your partner are dissolving your…

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Negotiating a Home Equity Buyout When Getting a Divorce

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…

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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…

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Reverse mortgage myths part two. The truth about reverse mortgages is that most people just don’t understand them. I work with loan officers and Realtors every day, and the vast majority of them have no idea of how a reverse mortgage actually works. I am a certified reverse mortgage specialist and I have been doing…

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VA Home Loan

What is a VA loan? VA loans are a $0 down mortgage option that is available to veterans, service members and selected military spouses. Private lenders such as banks or mortgage companies can issue VA loans and are guaranteed by the U.S. Department of Veterans Affairs. In 1944, the United States government created the VA home…

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