Divorce Mortgage Planning Archives | Marc Edelstein

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…

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…

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…

Divorce often requires selling the marital home, but in a higher-interest rate market, that decision becomes even more complex. Not only do you need to sell at the right price, but you also need to consider the budgetary impact of buying your next home—all while navigating the emotional and logistical hurdles of divorce. This guide…

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…

Divorce is challenging for any couple, but military families face unique complexities, especially when it comes to real estate and VA loans. Whether you’re an active-duty service member/veteran or the spouse of one, understanding how VA loan entitlements and property division work is essential for a smooth transition. Key Challenges in Military Divorces Handling VA…

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…

Dividing the marital home is often one of the most emotionally charged and financially complex aspects of divorce. Understanding the available options and their implications is critical for both clients and family law professionals. In Michigan, where real estate values continue to appreciate, strategic decisions about the marital home can significantly impact each party’s financial…

Dividing real estate in a divorce is rarely straightforward, especially when one spouse wishes to keep the marital home. Equity buyouts offer a practical solution, allowing one spouse to retain ownership while compensating the other for their share. However, the process requires careful planning and a clear understanding of mortgage guidelines to ensure a successful…

Divorce proceedings often involve a multitude of complex financial issues, and one of the crucial areas that family law attorneys must navigate is the division of real estate assets. Frequently, marital properties are encumbered by mortgages, making mortgage assumption a pivotal consideration, especially with 30-year fixed interest rates in the mid to upper 7’s at…