What Divorcing Homeowners Should Understand When Refinancing the Marital Home
Divorce is messy as it is. Throw in the recent changes within the mortgage industry and it may get even messier! When a divorce involves refinancing the marital home, divorcing borrowers typically are looking to pull equity out of the home in order to buy-out the...Divorcing Your Mortgage Newsletter – Aug 2020 Edition 2
The Cost of Moving into a Rental Property as Your New Primary Residence There may be a widely overlooked tax consequence as many divorcing couples who own investment properties often move into a rental home as their new primary residence. The Housing Assistance Tax...Divorcing Your Mortgage Newsletter – Aug 2020 Edition 1
Working with Support Income for Mortgage Financing Divorce and mortgage financing concerns are often a touchy subject in divorce situations. Particularly when one spouse is dependent upon income awarded from the divorce for mortgage qualifying purposes and also when...
The Importance of Basis When Selling the Marital Home in Divorce
Divorcing Homeowners who are selling the marital home should understand the importance of Basis. The Basis of the property is usually the acquisition cost and may be an important number when calculating any capital gains on the sale. The cost is the amount paid in...Divorcing Your Mortgage Newsletter – Jul 2020 Edition 2
Buying A New Home When Tied To The Mortgage On The Marital Home One of the main concerns, when one party is retaining the marital home, is that the vacating or out spouse will not be able to qualify for future mortgage financing while their name remains tied to the...
Income from Divorce and Mortgage Financing
Divorce and mortgage financing concerns are often a touchy subject in divorce situations. Particularly when one spouse is dependent upon income awarded from the divorce for mortgage qualifying purposes and also when contingent liabilities are present, such as a...
Handling the Proceeds from the Sale or Refinance of the Marital Home
There is more to address in a divorce settlement agreement than just the disbursement of net proceeds or equity ownership in a divorce situation. A mortgage escrow account is designed to hold a homeowner’s periodic payments for real estate taxes, mortgage...Divorcing Your Mortgage Newsletter – Jul 2020 Edition 1
The Impact of Changes in the Mortgage Industry for Divorcing Borrowers When a divorce involves refinancing the marital home, divorcing borrowers typically are looking to pull equity out of the home in order to buy-out the other spouse’s equity ownership. Although the...
