Avoid Language Traps in the Marital Settlement Agreement
We know it is important to be mindful of the words used in a divorce settlement agreement to avoid language traps and future conflict. However, word choice can also affect the divorcing homeonwer’s ability to obtain mortgage financing. Therefore, while it may not be...
What Is The Difference Between Divorce Lending and Divorce Mortgage Planning?
Many times in a divorce, we are more focused on curing the problem at hand, i.e., distributing real property and assets, that we forget there is life after divorce. The biggest challenge is the lack of knowledge, understanding, and preparedness of how the various...
The Power of Perspective During Divorce
Your perspective is how you see something regarding situations or topics, the appearance of things relative to one another. Multiple perspectives are crucial to gain a complete understanding of a situation. For example, in divorce, different views on different topics...
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...
