Finances are a touchy subject when it comes to divorce, but I guess every subject can get touchy during a divorce. I want to make sure you are aware of the implications of a mortgage when it comes to a divorce and the suggestions I have to protect yourself, on either side.
Who Gets the House(s)?
The [...]
Posts Tagged ‘Qualifying’
Mortgage and Divorce
Successful Qualifying – The Three C’s
The question of what it takes to qualify for the best terms and interest rate on a mortgage comes up quite often in my discussions with potential home buyers. There are three factors lenders consider and you should consider too if you want the best possible terms for mortgage financing: Credit, Capacity and Collateral.
Credit: The [...]
How Much Mortgage Can I Afford?
Determining the amount of mortgage you can afford is normally a personal decision but the lender will have their two cents. Consider both what the lender looks at and what you are comfortable with. Let’s compare how each of these two numbers are or should be determined:
Your Comfort Level:
Determining the payment you would feel comfortable [...]
