Mortgage industry professionals who’ve earned the Certified Divorce Lending Professional (CDLP®) credential are well-prepared to help divorcing clients and other members of the professional divorce team understand the opportunities and challenges divorce can bring to the mortgage planning process. In our blog, we discuss how CDLP®s set their clients up for success—whether they are purchasing a new home or refinancing the current mortgage in an equity buyout situation.
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The Importance of Managing Your Mortgage After DivorceA Divorce Decree may determine who retains ownership of the marital home, but understanding the importance of managing your mortgage after divorce is key.
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Using a CDLP as a Financial Neutral in Your DivorceOne of the most important team members in the collaborative divorce process is the financial neutral. Here's how an experienced CDLP can be just that.
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The Marital Home and Mortgage FinancingThe marital home is typically one of, if not the biggest, marital asset. But what happens to the mortgage financing when a couple is going through a divorce?
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Why Should a Divorcing Homeowner Get Preapproved for an Equity Buy-Out?An Equity Buy-Out preapproval will provide the retaining homeowner with an idea of how much mortgage they can afford, and alleviate many issues in the future.
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How to Split Home Mortgage Interest in a DivorceDeducting Mortgage Insurance Premiums as Mortgage Interest Deduction - Divorce Lending Association
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Deducting Mortgage Insurance Premiums as a Mortgage Interest DeductionWhen a purchase loan in first lien position exceeds 80% loan to value, mortgage insurance may be put on the mortgage to protect the mortgage lender.
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Alimony vs. Mortgage Interest DeductionWhen people compare alimony vs. mortgage interest deduction, there's usually a good amount of confusion. We explain the difference to consumers in this blog.
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Join Our New '3 Weeks to Launch' CDLP Certification ProgramWant to become a certified divorce lending professional? Open enrollment is now underway for our '3 Weeks to Launch' CDLP certification program.
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Should You Buy a New Home with Cash During a Divorce?Divorcing clients often decide to purchase a new home with cash during a divorce. Find out what the difference is between using cash vs. mortgage financing.
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Quitclaim Deed vs. Warranty Deed: What's the Difference?Understanding real estate deeds, i.e. Quitclaim deed vs. Warranty deed, is a must when transferring title and ownership to real estate during a divorce.
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Refinancing the Marital Home When You Don't Live ThereMany times in a divorce situation, one of the parties may not be living in the marital home at the time of the divorce, and refinancing comes into play.
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You're Awarded the Marital Home But Not on the Mortgage - Now What?You were awarded the marital home in the divorce but you’re not currently on the mortgage. What do you do next? Find out now!
Divorce Literacy Publication