Questions during checkout?

Office:303-325-7660.  
       
 Become Certified    About     Contact Us 


Divorce Lending Association

2018 Tax Reform Bill Effects on Divorce & Mortgage Financing

Jody Bruns - Wednesday, January 03, 2018

 2018 Tax Reform Bill is bringing a lot of changes to tax payers in the United States. One of the bigger changes that will affect the divorce market is that alimony/maintenance will no longer be tax deductible.


This carries a greater impact than just the removal of the maintenance deduction for paying spouses. There will be a huge impact on how a divorcing borrower will qualify for a mortgage. Actually, if they pay maintenance they may have a much tougher time qualifying for a mortgage at all.


Additional effects include the mortgage interest deduction for a spouse paying the mortgage interest deduction when title to the marital home is still owned jointly.


Be sure you are up to date on how the changes will affect your divorcing borrowers as well as how you approach a mortgage with a divorcing client.


Jody Bruns

Comments
Post has no comments.
Post a Comment




Captcha Image

Trackback Link
http://www.divorcelendingassociation.com/BlogRetrieve.aspx?BlogID=14348&PostID=1005154&A=Trackback
Trackbacks
Post has no trackbacks.