If I am still on a credit card that my ex is obligated to pay as instructed

“Georgia Mortgage and Divorce FAQs”

“If I am still on a credit card that my ex is obligated to pay as instructed in the divorce decree, is this debt still counted against me when qualifying for a mortgage?”

As long as the other party is obligated by court order via divorce decree or separation agreement the obligation is not counted against your Debt to Income Ratio (DTI) in qualifying for a mortgage. It is important to keep track of your credit to make sure no payments are missed as this will negatively affect your credit. It’s best to consult an expert to formulate a plan on how to be removed or close joint accounts once this is an option.

Scott Evans, CCIM, CRMS, founder of The Family Mortgage Team, which offers tools needed to easily understand and compare home financing and refinancing options. Visit his website for more information.