Credit utilization reflects how much of your available credit is being used at a given time. Lower credit utilization indicates that a borrower is not heavily relying on their credit and that they are using their credit responsibly.
In divorce situations, it is common, for the spouse who keeps the home, to refinance to remove the other spouse from the loan. Equally as common, first-time buyers who don't have enough income to qualify may ask a parent to co-sign and must add their name to the mortgage.
I'm passionate about handling real property issues in family law (divorce) cases. I love and enjoy helping people.
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