How to divide home equity in a divorce or inheritance | Texas Owelty Lien

How to divide home equity in a divorce or inheritance | Texas Owelty Lien

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, oftentimes both positive and negative. The financial aspects of these situations can be difficult or challenging in Texas due to our strong homestead laws. That’s where we can help. At Service First Mortgage, we can help you with the Texas mortgage and Texas real estate issues you’ll encounter, specifically how to distribute home equity in a fair way that saves you money and maximizes your cash. Very few lenders understand how this works, so it’s important to work with a Texas expert who has experience with these situations. A Texas Owelty lien is a type of lien that allows homeowners to divide the equity in a property. This strategy is commonly used to “buy out” or “cash out” one person’s interest in a home, most commonly in the cases of inheritance or divorce. Read more here.

Richard Woodward, NMLS 217454
Your Local, Direct, 5 Star Rated Mortgage Lender, Certified Divorce Lending Professional
Office: (214) 945-1066
Nexa Mortgage NMLS# 1660690
7820 Hague Court Plano, TX 75025

Licensed by the Texas Department of Savings and Mortgage Lending (SML) Mortgage Banker Registration. Nexa Mortgage is an Equal Housing Lender. This is not an offer of credit or commitment to lend. Loans are subject to buyer and property qualification. Rates and fees are subject to change without notice.

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