What’s the first step in preparing for divorce? Getting organized. Dissolution requires tons of paperwork and several meetings with financial advisors, attorneys, and real estate agents—which can be time consuming, confusing, and stressful. That’s why it’s so important to get organized and gather your essential documents prior to beginning the process.
The Fannie Mae and Freddie Mac loan limits are adjusted annually to keep up with cost of living but with the appreciation experienced in many markets, it may not be enough. When the conforming loan limit is not enough, qualified buyers can turn to a jumbo loan.
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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