Divorce Mortgage Planning
You Don’t Know What You Don’t Know
Not being prepared can cause more damage than good
Many times in a divorce we are so focused on curing the problem at hand, i.e., distributing real estate and assets, that we forget there is life after divorce. The biggest challenge is the lack of knowledge, understanding, and preparedness of how the various pieces of the divorce puzzle fit together and truly overlap.
As a CDLP®, I will help you get organized, be prepared, and understand your mortgage financing position whether you need to refinance the marital home in an Equity Buy-Out situation or prepare to sell and purchase a new home post-divorce.
DIVORCE MORTGAGE FAQ'S
What is Divorce Mortgage Planning?
Divorce Mortgage Planning is the ability to put into play the desired outcome by pairing the needs and options available while incorporating the necessary details and clarity into an executable settlement agreement to obtain closure and peace of mind successfully.
Working directly with the divorce team, a CDLP® incorporates divorce mortgage planning into the overall process with a unique and solid understanding of the intersection of family law, financial and tax planning, real property, and mortgage planning.
What is a Certified Divorce Lending Professional?
Certified Divorce Lending Professionals (CDLP®) are mortgage professionals who have completed a very comprehensive certification program with ongoing continuing education and development in divorce mortgage planning. Their ability to expand their vision of the normal scope of the traditional mortgage professional is a great differentiator from those without training who have limited tunnel vision of client to application.
Why is Using a CDLP Important?
While a typical mortgage professional simply helps you complete paperwork and ensures your application is processed in a timely fashion, a CDLP® brings the financial knowledge and expertise of a solid understanding of the connection between Divorce, Family Law, IRS Tax Rules, and mortgage financing strategies as they all relate to real property and divorce. A CDLP® is skilled in specific mortgage guidelines as they pertain to divorcing clients.
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A CDLP® is able to identify potential concerns with support structures that may conflict with mortgage financing opportunities.
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A CDLP® is able to help divorcing clients identify mortgage financing opportunities for maintaining the marital home while helping to ensure the ability to achieve future financing for vacating spouses.
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A CDLP® maintains a commitment to remaining educated and up to date in the ever-changing industry guidelines and tax rules as they pertain to divorce situations.
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A CDLP® can help demystify the mortgage planning process by answering questions such as:
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How can I keep the house?
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What do I need to do if I want to refinance the house?
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Can I refinance if I am receiving child support and have no income? What about if I’m self-employed or only work part-time?
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