Join Tina Keyes, CDC® of Florida Divorce Coaching and Mediation as she delves into the complexities of managing mortgages during the divorce process with Certified Divorce Lending Professional and Florida-based Mortgage expert Don Moll, also known as The Divorce Mortgage Guy.

In this informative discussion, we uncover the emotional and financial considerations of keeping a home post-divorce, the potential pitfalls of appraisals and inspections, and the critical role of early involvement by a Certified Divorce Lending Professional® (CDLP®). Don shares valuable insights on loan assumptions, refinancing, equity buyouts, and how alimony and child support can impact mortgage qualifications. Learn why timely consultation with a specialist can make a significant difference in securing a smooth transition and financial stability post-divorce.

To connect with Don: https://www.thedivorcemortgageguy.com

To connect with Tina: https://www.floridadivorcecoaching.com/

DISCLAIMER: Both Tina and Don are based in Florida, so some of the statutes referenced (especially relating to alimony and child support) may not be applicable in other states. You are encouraged to seek legal counsel for your specific situation.

Some of the topics we discuss include:

• What does a home represent during divorce?
• The need to consider upkeep costs of the home, not just the mortgage
• Why you should get a home inspection, not just an appraisal
• Is it realistic to keep the home?
• Why you need to make sure the language works for the underwriter, not just the judge
• How to avoid paying a higher interest rate because of a divorce
• What is a loan assumption?
• How to take over the mortgage loan during a divorce?
• What is the difference between an equity buyout and a refinance?
• How does alimony work with qualifying to keep the house?
• What are the loopholes with using alimony and child support to qualify for a mortgage?
• How can a temporary alimony order help you qualify for a mortgage?
• Why you need to look at your homeowner’s policy?
• Why is an appraisal such an important number when you are getting divorced?
• How do you qualify for a mortgage if you did not work for a long time?
• Why do you need to work with a divorce mortgage expert?
• Can you use retirement assets or trust account income to qualify for a mortgage after divorce?
• How is a certified divorce lending professional different than a traditional mortgage lender?

Key Chapters:

00:00 Introduction to Divorce and Mortgages

00:24 Emotional and Financial Aspects of Keeping the Home

01:40 Hidden Costs and Inspections

04:42 Timing and Legal Considerations

07:10 Loan Assumptions and Refinancing Options

15:38 Support Income and Mortgage Qualification

23:05 Temporary Orders and Finalizing Agreements

28:53 Employment Gaps and Qualification Strategies

32:09 Retirement Income and Trust Accounts

37:50 Conclusion and Contact Information

DISCLAIMER: THE COMMENTARY AND OPINIONS AVAILABLE ON THIS VIDEO ARE FOR INFORMATIONAL AND ENTERTAINMENT PURPOSES ONLY AND NOT FOR THE PURPOSE OF PROVIDING LEGAL, FINANCIAL OR PSYCHOLOGICAL ADVICE. YOU SHOULD CONTACT AN ATTORNEY, FINANCIAL ADVISOR OR THERAPIST IN YOUR STATE TO OBTAIN ADVICE WITH RESPECT TO ANY PARTICULAR ISSUE OR PROBLEM.