refinance after divorce Archives | The Richard Woodward Team Nexa Mortgage

Texas Owelty Lien vs. Cash-Out Refinance

If you’re keeping the house after a Texas divorce and need to pay your spouse their share of the equity, don’t automatically assume you need a cash-out refinance. A properly structured Texas Owelty lien can create a very different financing transaction—and the distinction can be extremely important when you need access to more than 80%…

Can I Buy My Ex-Spouse Out of the House If I Don't Have Cash

The short answer is yes—in many Texas divorces, you may be able to buy out your ex-spouse’s share of the home’s equity without writing a large personal check. One of the biggest misconceptions I hear is: “Richard, I’d love to keep the house, but I don’t have $150,000 sitting in the bank to buy out…

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…

Introduction Dividing property in a Texas divorce can be challenging—especially when one spouse wants to keep the marital home. An Owelty Lien is a powerful tool that allows for a fair and practical division of home equity without forcing a sale. This guide will walk you through everything you need to know about Owelty Liens,…