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...
CDLP™s Can Play A Positive Role In Client Divorces
How do you divorce the mortgage – or the house, for that matter? That is a question asked of many Certified Divorce Lending Professionals (CDLP™). Though a CDLP™ deals with all levels of divorcing homeowners, the more variables involved in a divorce case, the...
Your Equal Credit Opportunity Rights When Applying For Credit When Divorcing
The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Equal Credit Opportunity Act (ECOA), which prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because you get...
Are you thinking about paying cash for your new home purchase?
Divorce can be intricate, tricky, and emotionally overwhelming. When you have to relocate, find new housing and decide to rent or purchase a new home, you pile on additional tasks and frustration. Many divorcing spouses understand the financial benefits of owning a...
What you need to know about home insurance during divorce.
Whether the divorcing couple is on good terms or bad terms getting divorced can be rough. It can be stressful, time-consuming, and confusing with all of the paperwork that goes into it. Chances are both parties are listed as shared parties on a lot of documents,...
What type of mortgage is an Equity Buy-Out?
Divorce is messy as it is. Throw in the recent changes within the mortgage industry and it may get even messier. Just mention that just the name, Equity Buy-Out, and it can get even more confusing! When a divorce involves refinancing the marital home, divorcing...
