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…

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First-Time Buyers: Here’s How to Calculate Your Budget Your DTI compares your monthly debt payments to your gross monthly income (the amount you earn before taxes and deductions). It’s a key factor lender’s use to evaluate your ability to handle mortgage payments. There are two types of DTI: Front-End Ratio: Focuses on housing expenses, including…

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Embarking on the journey to homeownership in Southeast Michigan is an exciting endeavor. While renting, it’s entirely possible to build a substantial down payment with disciplined planning and smart financial habits. Here are practical strategies to help you save effectively: 1. Establish a Dedicated Savings Account Open a separate savings account exclusively for your down…

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When applying for a mortgage, providing the right documents upfront can streamline the process and help you avoid delays. Lenders require documentation to verify your income, assets, debts, and overall financial stability. Below, we’ve compiled a detailed checklist based on your employment type (self-employed, salaried, or passive income earners) and other potential requirements that might…

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As family law attorneys, navigating divorce proceedings involving veterans often entails addressing complex issues related to their VA benefits, and their home loan benefit is no exception. The marital home holds significant emotional and financial value, necessitating a thorough understanding of VA loan intricacies. Here, we explore essential considerations for family law attorneys when guiding…

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