Addressing the Decree, the Deed, and the Debt During Divorce
The deed, decree, and debt all intersect during divorce yet all three need to be dealt with separately in the settlement process. Therefore, working with a mortgage planner with the right experience is essential during a divorce. This is why it’s crucial to...
Can Divorcing Veterans Use an I.R.R.R.L. To Refinance The Marital Home?
Sadly, the military divorce rate exceeds the divorce rate among the general population. It is understandable, though, given the pressures, deployments, and sacrifices. If the veteran used VA loan financing to obtain the marital home, in what situation can they use an...
Can You Use Divorce Support Income For Getting A Mortgage?
Alimony, Spousal Support, Maintenance, Child Support, and other support payments ordered through divorce proceedings come in different shapes, sizes, and creative solutions. The divorce team may have successfully structured support orders that satisfy both parties;...
Two Common Mistakes Made By Divorcing Homeowners During Divorce
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™)....
When divorce is becoming less common for younger adults, the so-called ‘gray divorce’ is rising.
When divorce is becoming less common for younger adults, the so-called “gray divorce” is rising. Couples can divorce later in life for the same reasons younger couples split up – but when you’re over 50, these reasons are framed by aging and the realization that you...
What If You’re Awarded The Marital Home And Not On The Mortgage?
So, what now? You were awarded the marital home in the divorce but you’re not a borrower on the existing mortgage. How do you work with the Mortgage Holder going forward? If you were awarded the marital home during divorce and will be refinancing the current mortgage...
How A CDLP Can Be A Financial Neutral On Your Divorce Team.
One of the most important team members in the collaborative divorce process is the financial neutral. The financial neutral is an impartial expert in his or her field with a primary role of educating all participants, including the divorcing couple, their attorneys,...
4 Reasons To Get 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...
