Getting a Mortgage After Divorce from a Self-Employed Spouse

Divorcing spouses face unique challenges when trying to buy a new home.  And while getting a mortgage after divorce may seem difficult, it is possible.  However, one obstacle that could easily be overlooked is self-employed income of your former spouse.

Many people may think their ex-spouse’s self-employment income does not affect their ability to qualify for a mortgage.  After all,  the ex is not part of the new transaction, right?  It’s a little more complicated than that.

Tanya and her husband … Continue reading

Should You Refinance Home Before Divorce?

When a couple decides to throw in the towel and divorce, splitting up the family home can surely complicate matters.  Often, one party will want to refinance the home and remain in it.  Then wonder when to refinance the home – before divorce, or after?

There are a few options of what to do with the family home.  You can sell the home, refinance the home mortgage, or keep the home and mortgage the way it is.

If one spouse … Continue reading

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