Divorce is a complex emotional and financial journey. For family law attorneys and their clients, navigating the intersection of divorce settlements and mortgage lending can be particularly tricky. Misunderstandings about mortgage underwriting rules can lead to settlement agreements that create major roadblocks for clients seeking to refinance or purchase a new home. As a Certified…

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Divorce is a financial whirlwind, and if you’re a business owner, it’s like adding a complex equation to an already challenging situation. Qualifying for a mortgage with fluctuating income, tax deductions, and lender scrutiny can feel overwhelming. But it doesn’t have to. As a Certified Divorce Lending Professional (CDLP) in Michigan, I specialize in helping…

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Divorce is a complex financial puzzle, and while most couples focus on the mortgage, there’s a sneaky financial trap lurking: the Home Equity Line of Credit (HELOC). If you’re divorcing and have an open HELOC, you’re at risk. These “future advance mortgages” can create major headaches if not handled correctly. As a Certified Divorce Lending…

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Divorce is one of the most challenging transitions in life, and real estate decisions play a crucial role in the process. A successful divorce settlement often requires collaboration between multiple professionals, including family law attorneys, Certified Divorce Lending Professionals (CDLPs), and real estate agents who specialize in divorce. Together, this team ensures that divorcing clients…

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A mortgage assumption allows one spouse to take over the existing mortgage without changing the loan terms. This means the interest rate, loan balance, and monthly payment stay the same—only the responsibility for the loan changes. However, not all mortgages are assumable, and there are two types of assumptions to consider in divorce cases: Qualified…

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Divorce is never easy, and the complexities of dividing real estate and managing mortgages often add to the stress. That’s where a Certified Divorce Lending Professional (CDLP) comes in—a specialized mortgage professional uniquely qualified to guide divorcing clients through the financial and emotional intricacies of real estate decisions. Why Divorce Mortgage Planning Matters The marital…

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