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...
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...
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™)....
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...
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...
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...
Don’t be married to the house during divorce!
Going through a divorce brings on extreme emotions, and having to deal with the thought of both selling a home and then buying a new one may be one of the last things you’d want. Try to mitigate some of this emotion, and think of selling and buying a home as a...
Divorce Mortgage Planning in Motion
What is Divorce Mortgage Planning and how can a CDLP™ bring value to the professional divorce team? 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...
