When you combine Divorce with Mortgage qualifying, the challenges for a successful outcome increase dramatically. Factor in external economic changes like fluctuating interest rates and housing values, and the complexities intensify.So what is the impact of child and/or spousal support on residen
...
10/08/2022
A Certified Divorce Real Estate Expert (CDRE) is a Realtor who has passed the Ilumni Institute's rigorous certification program. This program is application-only, and is taught by a faculty of Family Law Attorneys, Mediators, Certified Mortgage Professionals, and Real Estate Experts, with Judicia
...
08/01/2022
An Assumable Mortgage Loan allows an existing loan contract to be taken over (assumed) by either an existing Borrower or a brand-new Borrower without modifying the remaining loan term, payment amount, interest rate or loan amount. Logically, amidst a Divorce Equity Buyout, a mortgage loan assumpt
...
08/01/2022
The general rule to follow is that GOOD NEWS for the economy is BAD NEWS for mortgage rates (pricing)...and you guessed it, BAD NEWS for the economy is GOOD NEWS for mortgage rates (pricing).In the video below, I provide a summary of recent mortgage pricing trends and how specific events (pandemi
...
03/04/2022
The underlying principle of economics is Supply & Demand. As it pertains to the current Real Estate Market, we have a high demand of Home BUYERS chasing a low supply of available Real Estate properties for sale. The impact of these logistics creates leverage for the Home SELLERS.When Home SELLER
...
01/31/2022
Fannie Mae & Freddie Mac have recently announced their new Conforming and High Balance Conforming Loan Limits for 2022. If you are a Realtor, Financial Planner and/or Attorney, do you know how to articulate this great news to your Clients? Here are a few talking points: In most counties across
...
12/14/2021
Divorce is an unfortunate occurrence, yet it has become common in our culture. Among the most prominent demographics to experience divorce are senior citizens. There are even nicknames such as "Gray Divorce" and "Silver Splitters" to describe the dissolution of marriages amongst this population
...
12/03/2021
If 2 spouses are getting divorced and one of them wishes to keep the marital home, a “Divorce Equity Buyout” is often pursued via a new individual mortgage in the name of the Spouse keeping the home (which we often refer to as the “In Spouse”). The Spouse vacating the home is referred to as the
...
02/17/2021
Pursuing a divorce amidst a global pandemic? Trying to retain ownership of the marital home and buy out your Ex? Surely, the Banks will go easy on you with lending guidelines, right? Not a chance. It’s been said that Banks will give you an umbrella when it’s sunny, then ask for it back when it
...
02/05/2021
When Homeowners decide to pursue a divorce, it is fairly common for one of the Divorcing Homeowners to want to stay in (and retain) the home. For purposes of gender neutrality, we refer to the Spouse who wants to stay in the home as the "In Spouse" and the Spouse who departs the home as the "Out
...
12/15/2020
