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.
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)