I advise clients on mortgage related questions due to separation and divorce situations. Know what is important when qualifying for a purchase or refinance buyout (home or business). 15 years exp in Col. 303-419-6568, email@example.com
The Certified Divorce Lending Professional (CDLP) designation is recognized as a standard of excellence in the mortgage field. There is a big connection between family law, financial planning, tax rules, and mortgage financing. Working with a team of people collaborating together for you is important. I like to get involved with the process early since the attorneys don’t always know what is required from a lending perspective in terms of qualifying. I can run the numbers and make a recommendation on what should be in the divorce decree or separation agreement when it involves qualifying for a purchase or refinance buy out.
There are many items related to mortgage financing that should be considered going through a separation or divorce. Impacts such as timing of a new home purchase depending- if the divorce is final or not, how credit scores or accounts are affected by joint accounts, child support and maintenance payments relating to when they can be counted as income, tax liabilities, mortgage interest, etc.
I love to partner with divorce mediators, divorce attorneys, CPAs, financial planners, and tax law professionals. As a mortgage broker, I have access to many lenders and many “niche” loan products that could help clients qualify during this process.