About Portland
Don’t Take Your Credit For Granted During Divorce!
While the majority of divorcing consumers have an understanding of credit, unfortunately, there are still those whose spouses ‘took care of all that stuff and they truly do not have the experience of working with credit and bill paying. Understanding the makeup of...
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What’s the difference between Alimony, Maintenance and Spousal Support?
Alimony is the payment of money by one spouse to the other after separation or divorce. Its purpose is to help the lower-earning spouse cover expenses and maintain the same standard of living after divorce. Alimony is often considered the more legal term for payments...
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The Four Phases of Divorce Mortgage Planning
What is Divorce Mortgage Planning? Divorce Mortgage Planning is a holistic approach to the process of evaluating mortgage options in the context of the overall financial objectives as they relate to divorcing situations. The CDLP™ (Certified Divorce Lending...
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Two Common Mistakes Made with Divorce and Mortgages
One of the biggest decisions divorcing homeowners face is what to do with the marital home and real property. Trying to agree on how to handle the mortgage and the home can be a challenge without proper direction from a Certified Divorce Lending Professional (CDLP™)....
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5 Things You Should Know About Getting a Mortgage When Divorcing
As a divorce mortgage planner, a CDLP™ is often brought in to work with a client who is going through a divorce. Typically, one of the divorcing spouses would like to retain the marital home while the other may wish to purchase a new home. Here is a list of 5 things...
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Can I Buy a House While Going Through a Divorce?
Can I Buy a House While Going Through a Divorce? You have to live somewhere after the divorce, right? And most homeowners would prefer not to go backward by becoming renters again. While many divorcing couples may not be in a financial position to consider buying a...
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Pre-Qualified vs. Being Pre-Approved: What’s the Difference?
The real estate finance industry is worth $3.5 trillion. Financing is a desirable option when buying a home. Prospective homeowners can get a mortgage based on their affordability, their credit, and other unique factors such as the home they buy. Homebuyers also don't...
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How Has COVID-19 Affected Home Buyers and What Does the Future for Home Buyers Look Like?
Buying a home is already a stressful experience, and the COVID-19 pandemic is changing the dynamics of the real estate market at a rapid pace. If you're currently in the market for a home, it's important to know how the pandemic has affected buyers, and what to expect...
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How Much House Is Too Much: How Much Mortgage You Can Actually Afford
Mortgage rates are at historic lows right now and the inventory is scarce. Few houses and lots of buyers mean that houses are often going for above the asking price. When you getting into bidding wars with other potential buyers, it begs the question: how much house...
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4 Reasons You Should Be Preapproved for an Equity Buy-Out in a Divorce.
Obtaining mortgage preapproval to purchase a new home has been common practice for many years. A preapproval shows the home seller that the buyer has the financial strength to obtain mortgage financing to successfully complete the purchase transaction. The mortgage...
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