So we can all say that we know someone who is going through or has been through the trials of getting a divorce. These simple tips and trick can help any one who’s trying to get back on their feet financially and get themselves a good house with a mortgage.
Key Takeaways:
- Divorce is one of the main hurdles to home ownership. It can cause credit issues, depletion of assets, and basically wreak havoc in life. So buying or refinancing a home is a challenge to say the least.
- Keep all paperwork if there is any chance of needing it later. It is better to have more than not enough . A very common occurrence in the mortgage process is proving one party pays a debt so it may be excluded from the debt ratio.
- There are specific instances where cancelled checks are required such as borrowers which are legally separated.
“Divorce is one of the main hurdles to home ownership. It can cause credit issues, depletion of assets, and basically wreak havoc in life.”
http://teammovemortgage.com/2016/12/14/divorce-mortgage-tips/
Alliance Credit Counseling
8000 Corporate Center Dr Suite 114
Charlotte, NC 28226
(888-995-7856) / (704-341-1010)
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