Empower Your Clients and Elevate Your Practice: Why Divorce Professionals Should Embrace Divorce Mortgage Planning with a CDLP®

Dual Credit Offered! Unlock the Power of Divorce Mortgage Planning for Your Divorce Financial Planning Practice!

Do you want to gain valuable insights and strategies to help divorcing couples navigate property division, financial settlements, and real estate matters as they all intersect with mortgage planning?

Integrating Divorce Mortgage Planning Into Your Financial Case Management is a 4 hour CE credit for the CDFA® designation and 4.5 hour CE credit for the CFP® designation.

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Why You Should Consider Integrating of Divorce Mortgage Planning with Certified Divorce Lending Professionals (CDLP®)

Divorce mortgage planning isn't just about understanding mortgages; it's about comprehending the intricate intersection of mortgages, property division, and the unique challenges of divorce from a legal, financial, and tax perspective.

Did you know that certain aspects of the real property itself may limit access to the equity in an equity buy-out situation?
What are the tax implications when one party moves into an existing investment property as their new primary residence post divorce?
What financial and tax planning strategies are available to create qualified income streams for mortgage financing incident to divorce?
What language in the marital separation agreement may benefit one party and be detrimental to the other when obtaining future mortgage financing?

Family law cases involving divorce are complex and emotionally charged, requiring meticulous attention to detail and a comprehensive approach to address various aspects of the dissolution of a marriage. One often-overlooked but critically important aspect is the marital home and mortgage financing during and after divorce. Incorporating divorce mortgage planning with a CDLP® into family law case management is an invaluable strategy that benefits both clients and family law professionals.

Enhanced Case Management:

CDLPs can work more effectively with family law professionals to ensure that mortgage and real estate aspects are seamlessly integrated into divorce cases. This can lead to more favorable outcomes for clients and a more comprehensive case management approach.

Holistic Client Support:

Comprehensive Financial Consideration: Divorce mortgage planning ensures that clients receive a holistic evaluation of their financial situation. This includes an assessment of their ability to retain the marital home, secure new housing, or explore alternative options.

Protection of Clients' Rights:

Homeownership Preservation: Family law professionals can ensure that their clients' homeownership rights are protected. CDLP®s are experts in crafting mortgage solutions that align with divorce settlements, ensuring that clients can retain their homes when desired and feasible.

Collaboration and Expertise:

Specialized Knowledge: CDLP®s bring specialized knowledge of divorce-related mortgage matters to the table. Their expertise ensures that clients receive the most accurate and up-to-date information, minimizing the risk of uninformed decisions.

Customized Solutions:

Tailored Mortgage Options: CDLP®s offer customized mortgage solutions that cater to the unique needs of divorcing clients. This includes evaluating options for refinancing, assumption of the mortgage, or creative financing arrangements based on the clients' goals and financial situations.

Improved Outcomes:

Better Financial Outcomes: Divorce mortgage planning with CDLP®s leads to better financial outcomes for clients. It helps them make informed decisions that protect their financial future, minimize risks, and achieve greater stability post-divorce.

Incorporating divorce mortgage planning with CDLP®s into family law case management is a strategic decision that benefits both clients and family law professionals. It ensures that clients receive comprehensive support for their financial and housing-related needs during and after divorce.

By protecting clients' homeownership rights, mitigating risks, and providing tailored solutions, this integrated approach leads to better financial outcomes and reduces the emotional and financial burdens often associated with divorce.

A CDLP® Has Specialized Training

To become a CDLP®, a mortgage professional must complete a rigorous training program covering topics such as the types of property in a marriage, dividing real estate in a divorce, transferring ownership of real property, and how the mortgage interest deduction is affected by divorce. There is a certification exam required to earn the initial credential, plus four hours of continuing education that is necessary each year to maintain certification.

The CDLP® training provided by the Divorce Lending Association is unmatched in the mortgage industry. While the typical mortgage professional may believe all they need to succeed in the divorce space is a basic understanding of mortgage guidelines, a CDLP® understands the intersection of the other moving parts and is committed to providing a higher level of service to the divorcing homeowner.

Each CDLP® brings their own special skill set to the table. However, you can be confident that these mortgage professionals are well-equipped to help everyone on the divorce team understand the complications that can arise involving income, asset division, and equity as it relates to mortgage financing—and help establish a realistic timeline for clients who are eager to resolve their living arrangements as soon as possible.

Adding a CDLP® to Your Divorce Team

On the professional divorce team, each professional has their own area of expertise. For example, each spouse has their own lawyer, financial and tax professionals help evaluate the long-term effects of the settlement agreement, divorce coaches share co-parenting and mental health strategies, and child specialists focus on avoiding unnecessary disruption to the children’s routines.

A CDLP® focuses on taking a broad look at each divorce case and how family law, financial and tax planning, real property, and mortgage planning may present potential challenges and opportunities related to home equity solutions and mortgage financing opportunities. They can assist those who wish to refinance as well as those who intend to sell their current home and purchase a different property.

A CDLP® Can Work With One or Both Spouses

A CDLP® is a neutral who can provide objective information to both spouses if desired. Depending on the couple’s specific circumstances, they may gather necessary documents, compile estimated budgets, analyze data, and run hypothetical scenarios that help determine the most reasonable course of action in regard to the mortgage.

In a marriage, it is common for one spouse to take the lead in managing the couple’s finances. In a divorce, it’s crucial that both parties understand their assets, cash flow, and obligations. A CDLP® can help demystify the mortgage lending process, so each spouse is capable of making a more informed decision regarding their overall mortgage and home equity solutions.

A Proactive Approach Is Always Best

Ideally, you want to get a CDLP® involved in the divorce process as quickly as possible. If you wait until the couple has already started mediation or arbitration, you risk undoing agreements that have taken hours to develop or structuring a settlement that will prevent one party from obtaining a mortgage altogether.

While a CDLP® does not provide tax or legal advice, they are able to take a holistic look at the divorce mortgage planning process and offer guidance on solutions that can help meet the divorcing homeowner’s short-term and long-term financial and investment goals. Adding a CDLP® to the team helps your client minimize taxes and interest expenses while maximizing their post-divorce cash flow.

Looking for a strong CDLP^® in your area?

A Certified Divorce Lending Professional brings the financial knowledge and expertise of a solid understanding of the connection between divorce and family law, financial and tax planning, and mortgage planning strategies as they all relate to real property and mortgage financing in a divorce situation.

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Empower Your Clients and Elevate Your Practice: Why Divorce Professionals Should Embrace Divorce Mortgage Planning with a CDLP®

Dual Credit Offered! Unlock the Power of Divorce Mortgage Planning for Your Divorce Financial Planning Practice!

What is a CDLP® and Divorce Mortgage Planning?

A CDLP® Has Specialized Training

Adding a CDLP® to Your Divorce Team

A CDLP® Can Work With One or Both Spouses

A Proactive Approach Is Always Best

Looking for a strong CDLP^® in your area?

Divorce Professionals FAQs

Empower Your Clients and Elevate Your Practice: Why Divorce Professionals Should Embrace Divorce Mortgage Planning with a CDLP®

Dual Credit Offered! Unlock the Power of Divorce Mortgage Planning for Your Divorce Financial Planning Practice!

What is a CDLP® and Divorce Mortgage Planning?

A CDLP® Has Specialized Training

Adding a CDLP® to Your Divorce Team

A CDLP® Can Work With One or Both Spouses

A Proactive Approach Is Always Best

Looking for a strong CDLP® in your area?

Divorce Professionals FAQs

Looking for a strong CDLP^® in your area?