How a Certified Divorce Lending Professional Can Be a Valuable Asset to Your Divorce Team

Modern Family Matters

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We sit down with Certified Divorce Lending Professional, Manya Williams, to discuss how a lending professional can identify strategic solutions for creating desired outcomes using legal and tax codes, while working directly with the professional divorce team. In this episode, Manya covers the following:
• How a CDLP can identify conflicting objectives between the proposed divorce settlement agreement and mortgage guidelines and requirements.
• The dangers with relying on income awarded through the divorce settlement to qualify for a new mortgage.
• Just as the IRS has specific tax rules for divorcing clients, there are specific mortgage lending guidelines specific to divorce situations as well
• The mortgage interest deduction is one of the biggest benefits for carrying a mortgage
• Potential tax liabilities for spouses who retains the marital home when the departing spouse is required to make the mortgage payment.
• Understanding the difference between ‘Income” and “Qualifying Income” for mortgage financing purposes.
• …and much more!

If you would like to speak with one of our family law attorneys, please call our office at [phone], or visit our website at https://www.pacificcascadelegal.com.

If you're interested in getting in touch with Manya, you can do so by emailing her at [email protected] or calling her at 541-429-3229.

Disclaimer: Nothing in this communication is intended to provide legal advice nor does it constitute a client-attorney relationship, therefore you should not interpret the contents as such.