If you are divorced or are going through a divorce, you might assume that receiving alimony and/or child support payments will qualify as income to refinance your current mortgage or get a new one. Unfortunately, you may discover that is not necessarily true. What you and others might consider income and what mortgage lenders consider qualified income may be two very different things.
Blogger's Bio
Jeff Landers
Jeffrey A. Landers is the Founder and CEO of Next Act Properties, Inc. (https://nextactproperties.com/), which provides real estate and mortgage solutions for divorcing and divorced people.
He is a Certified Divorce Lending Professional (CDLP™), Certified Divorce Financial Analyst (CDFA™) and a Licensed Real Estate and Mortgage Broker.
Jeff has been helping divorcing clients since 2010. With a firm understanding and knowledge of divorce mortgage guidelines along with all the other financial and legal complexities inherent in divorce, Next Act Properties is the ideal advisor when real estate, mortgages and family law intersect.
Jeff earned his BA degree in Psychology from Columbia University and studied Law at Pace University School of Law.
For information about my forthcoming book, Divorce House Sense: Can You Keep Your Marital Home or Will You Have To Sell?, please visit: nextactproperties.com/books
Blog posts created by this author
Protecting and Improving Your Credit Before, During and After Divorce
Your financial future depends on good credit scores and clean credit reports with no derogatory items. In this article, I review the steps and offer some tips for handling your credit reports, joint credit cards, and other debts, so your credit will be protected before, during, and after divorce.
Why High Interest Rates Shouldn’t Deter You From Refinancing If You Want To Keep Your Marital Home
You are not refinancing your home for typical reasons. You are refinancing because of your divorce, and you want to keep your home.
Why Co-Owning the Marital Home After Divorce Is a Terrible Idea
Co-owning a home together after divorce will not resolve your marital problems; in fact, it could actually exacerbate them.
What to Do With Your Marital Home During Divorce
If you are getting divorced, your marital property, including your home, will need to be divided between you and your spouse.
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