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Curious about Reverse Mortgages? Read the blog below! https://lnkd.in/eeFqZTj5

We see it a lot! Cash-heavy borrowers who would instead save their dough and finance their home. Here are a few examples Relocation: The borrower sells a house, and they have enough liquid assets from the sale of their home to pay cash, but they would instead do mortgage financing. ATR-in-full is a great option here. Divorce happens, and so do spousal payouts. Let's take that divorce settlement and prove enough liquid assets to purchase a home! ATR-in-full to the rescue with no need to document employment history Inheritance: Keep your money working for you in a diverse portfolio while leveraging your assets for a home purchase. Life happens! Not every borrower qualifies in a box; that is where we shine. Assets should be seasoned 60 days - and no withdrawals. Held in Stocks, bonds, and mutual funds acceptable

💔 Is the Cost of Living Keeping Couples Together? 🏠 With the UK's cost-of-living crisis squeezing household budgets, many unhappy couples are finding it harder to separate. High mortgage rates and soaring rents are making it increasingly unaffordable to live apart. According to new statistics, the divorce rate is at a 50-year low, despite relationship dissatisfaction being at its highest since 2014. If you’re facing this difficult situation, know that you’re not alone. As a mortgage broker and protection advisor, I’m here to help you navigate the financial complexities of separation and ensure you find the best possible solutions during this challenging time. 🛡️ 💬 Let’s talk about your options and how you can take the next step, even in today’s tough economic climate. #DivorceSupport #CostOfLivingCrisis #MortgageAdvice #SeparationSolutions #FinancialWellbeing #HomeOwnership #UKHousingMarket #DivorceUK #PropertyAdvice ***Your home may be repossessed if you do not keep up with repayments on a mortgage***

https://lnkd.in/eypXcfHq What happens to a mortgage loan during a divorce in California? Scott Levin and Sam Mehta explore the implications of divorce on a mortgage loan and the options and considerations to answer so you navigate this process smoothly. Do you refinance the mortgage? Should you keep the mortgage intact if there will be a buyout by one spouse? What are the negative impacts to the non-owning spouse if he or she remains on the mortgage loan? Consider the intersection of home loans and divorce and learn about the issues most commonly asked about. Learn how couples can both remain on the loan after divorce and the potential risks involved. Learn about the 12-month rule and how a non-owner can stay on the loan but not have it count against him or her when applying for future loans. This discussion really provides great insight and mortgage wisdom.

🏡 💼 When it comes to mortgage lending, there's more than numbers and paperwork involved—it's about trust and compassion, especially in sensitive situations like divorce lending and elder care funding. That's why I specialize in understanding these transitional phases of life, serving not just as a lender but as a trusted guide through the complexities of divorce and elder care lending. Navigating through a divorce is tough, but finding a lender who understands the emotional and financial complexities can make all the difference. I'm here to offer not just financial solutions, but also a compassionate ear and a steady hand to guide you through this challenging time. And for those facing the responsibility of caring for aging loved ones, I understand the importance of securing the right financial support without sacrificing dignity or peace of mind. My tailored elder care funding options are designed with both practicality and empathy in mind, giving families the reassurance they need during this chapter of life. I don't just process loans—I build relationships built on trust, empathy, and understanding. Whether you're going through a divorce or planning for elder care, I'm here to provide the support you deserve every step of the way. Let's work together to find the mortgage solution that fits your unique situation. 🤝 #trust #compassion #mortgage #divorcelending #eldercare

Managing Your Mortgage During Major Life Changes: Life is full of significant transitions, and major life events such as divorce, inheritance, or starting a business can deeply affect your financial landscape, including your mortgage. Understanding how these changes impact your mortgage options and financial planning can help you make informed decisions and manage your home loan effectively. Divorce: Reassessing and Refinancing Divorce […] The post Managing Your Mortgage During Major Life Changes appeared first on Ishakis Finance Report Mortgage Broker Brooklyn. http://dlvr.it/TDKpJr

Support Income and Your Mortgage: What You Need to Know Did you know support income can help you qualify for a mortgage after divorce? Whether you’re keeping the marital home or purchasing a new one, lenders look for two key things: ✅ 6 months of consistent support income receipts ✅ Proof of at least 36 months of continuance Stability and consistency are the foundation for securing your financial future. ➡️ Unsure if your support income meets the requirements? Let’s connect to create a plan that works for you!

🔍 Delving into the nuances of divorce income for mortgage approval! Join us as we discuss the intricacies of incorporating income sources like child support and alimony into your mortgage application. Did you know you typically need six months of receipt and 36 months of continuance for these incomes to be considered? In this video, we break down the essential requirements and considerations for divorce-related income, shedding light on what lenders look for during the mortgage approval process. Whether you're receiving support payments or making them, understanding these guidelines is crucial for a smooth home financing journey. Ready to explore how divorce income factors into your mortgage application? Watch now and empower yourself with the knowledge you need! #TheMoreYouKnow #DrennenHomeLoans John Drennen, CDLP NMLS # 337203 702-612-0802 john.drennen@fairwaymc.com

💔 Navigating Mortgage Implications During Divorce or Separation 🏠🔍 Divorce or separation is challenging, and it also impacts your mortgage. Here’s how: 🔹 Joint Mortgage Considerations:  • Both parties remain responsible for the mortgage unless changes are made.  • Missed payments can affect both parties’ credit scores. 🔹 Options to Consider:  1. Selling the Property: Proceeds can be used to clear the mortgage, with any surplus divided.  2. One Party Takes Over: Refinancing to have one party take over the mortgage and property.  3. Maintaining Joint Ownership: Both parties continue to pay the mortgage, possibly until a certain point (like children reaching adulthood). 🔹 Key Challenges:  • Affordability: One party may struggle to qualify for a mortgage on their own.  • Equity Division: Determining how much each party gets from the property. 🔹 Legal and Financial Advice:  • Legal advice is crucial to navigate ownership and responsibility changes.  • Financial advice is key to understanding the impact on your mortgage and credit. 👉 Emotional and Financial Implications:  • It’s a time of emotional stress; careful planning can help ease the financial aspect. 👩💼 Seek Professional Support:  • Mortgage advisors and solicitors can provide essential guidance during this transition. Remember, you’re not alone in this journey. Professional guidance can provide a path forward. 💬🌈 #DivorceAndMortgages #FinancialPlanning #PropertySettlement #UKHousingAdvice Your home may be repossessed if you don't keep up repayments on your mortgage. Mondo Mortgages is a trading style of Fort Advice Bureau which is regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730

💔 Navigating Mortgage Implications During Divorce or Separation 🏠🔍 Divorce or separation is challenging, and it also impacts your mortgage. Here’s how: 🔹 Joint Mortgage Considerations:  • Both parties remain responsible for the mortgage unless changes are made.  • Missed payments can affect both parties’ credit scores. 🔹 Options to Consider:  1. Selling the Property: Proceeds can be used to clear the mortgage, with any surplus divided.  2. One Party Takes Over: Refinancing to have one party take over the mortgage and property.  3. Maintaining Joint Ownership: Both parties continue to pay the mortgage, possibly until a certain point (like children reaching adulthood). 🔹 Key Challenges:  • Affordability: One party may struggle to qualify for a mortgage on their own.  • Equity Division: Determining how much each party gets from the property. 🔹 Legal and Financial Advice:  • Legal advice is crucial to navigate ownership and responsibility changes.  • Financial advice is key to understanding the impact on your mortgage and credit. 👉 Emotional and Financial Implications:  • It’s a time of emotional stress; careful planning can help ease the financial aspect. 👩💼 Seek Professional Support:  • Mortgage advisors and solicitors can provide essential guidance during this transition. Remember, you’re not alone in this journey. Professional guidance can provide a path forward. 💬🌈 #DivorceAndMortgages #FinancialPlanning #PropertySettlement #UKHousingAdvice Your home may be repossessed if you don't keep up repayments on your mortgage. Mondo Mortgages is a trading style of Fort Advice Bureau which is regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730