Richard Woodward's (mortgagepros1) Blog

With 70% of all divorces in the United States involving real estate, one of the first questions to arise is “Can you transfer a mortgage in a divorce?” The answer is yes and no – depending upon what type of mortgage you have. There are typically only 3 ways to transfer a mortgage in a divorce: Tr...

Divorce? Top 10 Things You Should Know About Your Mortgage When Going Through a Texas Divorce.  If you are currently in the process of a divorce or contemplating divorce and you have real estate and mortgage financing, there are many things you should consider. You can request a copy of the “Top ...

Splitting equity in a home after divorce or inheritance can be complicated in Texas without a knowledgeable team to support you or using a Texas Owelty lien.  If you’re going through a Texas divorce or recently inherited  Texas real estate, you’re likely dealing with a lot of emotions, often time...

How to buy a home with bad credit.  Our Second Chance Home Loan Program provides home buyers with damaged credit the opportunity to purchase a home.  In recent years, borrowers that did not have great credit where denied a home loan.  We can now help almost ever buyer regardless of credit situati...

Mortgage Interest rate update for Dallas Texas October 26, 2018.   Current Mortgage Rate Trend Direction:  Modestly higherAdvise for Clients for mortgage rate lock: Continue floating as Stocks endure pain, for nowDisappointing earnings from Google and Amazon are pushing Stocks lower again this mo...

Does this scenario haunt you?Maybe you’ve helped a couple like Steve and Alyssa find the perfect family home, then overlooked helping Steve’s parents in their quest to move nearby.You may have handed two additional real estate transactions to another agent.Steve’s baby boomer folks have tremendou...

Mortgage Rate Update for Dallas Texas September 21st 2018.  Mortgage rates are trending higher this week and look to continue that trend absent some unforeseen event. The yield on the 10 year bond has reached a 5 year high which normally signals higher interest rates.The Fed has been scaling back...

Here is your Dallas Texas Friday Mortgage Rate Update for Week ending 09/14/2018.From Zero Down to $3Million Jumbo.  I offer, Conventional, FHA, VA, USDA, Jumbo, Construction, Renovation, and special loans for Divorcing couples.  I can help you know what is the best program for you.  Find some of...

How to plan for a divorce.  What you should know about getting a divorce in Texas.  Equity division in Texas is different than other states. It may require the use of an Owelty Lien to secure the best terms for the spouse remaining in the property or even to access enough of the equity.  Many tim...

Home loans for self-employed people using bank statements to qualify. Do you have a great CPA that helps you pay less taxes?  That can make it difficult to qualify for a home loan.  I can help.  NO TAX RETURNS REQUIRED.   Buy a home today or cash out your existing home equity.If you own your own ...