About Certified Divorce Lending Professionals for Consumers:
What is a Certified Divorce Lending Professional (CDLP®)?
A CDLP® is a professional trained to work with divorcees to assess mortgage options and ensure that real estate and mortgage-related decisions are made in the context of the divorce settlement.
How can a CDLP® assist me during my divorce?
A CDLP® can provide insights into dividing home equity, refinancing the marital home, and ensuring the ability to qualify for mortgage financing post-divorce.
Why do I need to consider my mortgage options during the divorce process?
It's crucial because your divorce settlement can significantly impact your ability to secure financing in the future, and mortgage planning can help protect your long-term financial security.
What happens to our joint mortgage after a divorce?
Options include one party refinancing the home in their name, selling it to divide equity, or maintaining joint ownership under certain conditions. A CDLP® can help determine the best option for your situation.
Can I qualify for a mortgage if I receive alimony or child support?
Yes, alimony and child support can be considered income for mortgage qualification. However, specific requirements must be met, which a CDLP® can explain in detail.
What do I need to know about refinancing the marital home before or after a divorce?
Refinancing before or after divorce involves legal and financial considerations, such as equity division, debt-to-income ratios, and qualifying income, which a CDLP® can help you navigate.
