Monday, January 12, 2009

Getting a Mortgage After Divorce

If you find yourself having to make a fresh start in the wake of a separation or divorce, it helps to be aware of the unique challenges you may face in acquiring a mortgage. Most importantly, after any property settlement, you will have to qualify for a mortgage with your own income, salary plus any alimony or child support you may receive. If you pay alimony or child support, this obligation is factored into your ability to make mortgage payments.

An Mortgage Direct2u Invis mortgage professional can guide you on a range of home financing issues facing those going through a separation or divorce, including:

• maintaining your credit rating
• paying out an existing mortgage
• buying out your spouse's equity
• consolidating debts
• obtaining funds for divorce expenses
• purchasing a new home

With access to over 60 lenders, an Mortgage Direct2u Invis mortgage professional can shop the market to pinpoint the mortgage product that best suits your individual needs in changed circumstances. He or she will take the time to get to know your new financial situation and will offer confidential, unbiased advice.

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