Divorcing Your Mortgage
Equity Buy Out Preapproval During A Divorce
Equity Buy Out Preapproval During A Divorce is just as important to obtaining mortgage preapproval to purchase a new home. It 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 purchase preapproval…
Read MoreVoluntary Child Support Payments and Mortgage Financing | Divorce
Voluntary child support payments are the right thing to do in many cases when going through a divorce but how does that affect mortgage financing? Qualifying for a mortgage during or after a divorce may seem cumbersome to many with the proof of receipt of income, copies of documents and more. But what if there…
Read MoreCan You Transfer a Mortgage in a Divorce? | Divorce Your Mortgage
With 70% of all divorces in the United States involving real estate, one of the first questions to arise is “Can you transfer a mortgage in a divorce?” The answer is yes and no – depending upon what type of mortgage you have. There are typically only 3 ways to transfer a mortgage in a…
Read MoreDivorce? Top 10 Things You Should Know
Divorce? Top 10 Things You Should Know About Your Mortgage When Going Through a Texas Divorce. If you are currently in the process of a divorce or contemplating divorce and you have real estate and mortgage financing, there are many things you should consider. You can request a copy of the “Top 10 Things You Should…
Read MoreUnderstanding Your Divorce Mortgage Options in Texas
Understanding your divorce mortgage options in Texas as it is a little different than other states. If you are going through a divorce, mortgage issues need to be addressed and taken care of if the two of you own a home together. Even if your divorce decree states one spouse will be responsible for the…
Read MoreQualifying for a mortgage when getting a divorce in Texas. Qualified divorce income calculation.
Qualifying for a mortgage when getting a divorce in Texas. Qualified divorce income calculation can be very tricky. Often times in a divorce and mortgage situation there are various types of income to consider: Employment Income; Alimony/Maintenance Income; Unallocated Maintenance Income; Child Support Income; Property Settlement Note Income; and more. Although all sources of income…
Read MoreDivorce and Your Mortgage | Contempt of Court Issues after Divorce
Avoiding a Contempt of Court Issue after a Divorce A Contempt of Court issue when a former spouse fails to execute their obligations in the marital settlement agreement with regards to real estate and mortgage financing can be avoided if the right steps are taken in advance. There are many times when mortgage financing is…
Read MoreDivorce | Avoiding a Contempt of Court Issue with Divorce and Real Estate
Avoiding a Contempt of Court Issue with Divorce and Real Estate. Divorce is a complicated thing, you should work with a team of professionals, not just an attorney. A Contempt of Court issue when a former spouse fails to execute their obligations in the marital settlement agreement of a divorce with regards to real estate…
Read MoreThe Cost of Renting vs. the Cost of Owning during a Divorce
The Cost of Renting vs. the Cost of Owning Many divorcing clients will make the decision to rent following a divorce for a variety of reasons; however, there’s more to the cost of renting vs. buying than just comparing the dollar cost of the payments. Many will argue against the value of purchasing a home…
Read MoreWho’s on Your Divorce Team? What you should know
Who is on your Professional Divorce Team? Every successful divorce case requires the execution of a professional team; so, who’s on yours? A divorce attorney may be an expert in divorce law, but they are not licensed loan officers. Divorce mortgage lending requires expertise in not only lending, but an understanding of divorces. A Divorce…
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