Divorce Mortgage Guidance
The truth is, about half of all marriages end in divorce. It is a devastating experience that forces a married couple to divide assets and debt.
Divorce can be one of the most difficult times of your life, and emotions can run high. Having the right attorney and support team, like a qualified loan officer, on your side can help you navigate through the complicated financial issues arising in a divorce. Addressing your financial situation early can make the difference in a smooth post-financial settlement.
There are mortgage options for divorcing couples that may help both parties. These depend on factors such as the amount of equity in the home and whether one person wants to keep the home. Sometimes there is no choice but to sell your homes, pay off debt, and split the remaining money.
None of this is easy, and deciding what to do with a home is both financially and emotionally stressful. Contact us for a mortgage and financial consultation as soon as you can. We will discuss mortgage options, underwriting guidelines, as well as review your credit to see if there are any issues we need to address.