Michigan Gray Divorce: How Reverse Mortgages Can Preserve Senior Home Equity (CDLP Wisdom)

Divorce among seniors, often referred to as “gray divorce,” is on the rise. For couples over 55, dividing assets often involves unique challenges, especially when it comes to real estate. A reverse mortgage can provide a flexible solution, allowing one spouse to retain the marital home while ensuring the other receives their share of equity.…

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…

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…

When going through a divorce and one spouse wishes to buy out the marital equity of a jointly owned property, there are typically two primary mortgage financing options: a limited cash-out refinance and a cash-out refinance. Each has its own advantages and considerations, and the choice between them depends on your specific circumstances. Here’s an…