Unlocking the Mysteries of Mortgage Loan Assumption in Divorce
Manage episode 391778217 series 3508925
Discover the key to navigating the complexities of mortgage loan assumptions during a divorce with the guidance of Family Law Attorney Scott Levin and Tami Wollensak, an expert Certified Divorce Lending Professional (CDLP®) who demystifies the process for homeowners looking to keep their favorable loan rates. This discussion will help unlock the mysteries of mortgage loan assumption, how it works during a divorce, and the steps involved in the process.
As interest rates soar, the wisdom shared in this episode could save you from the financial strain of refinancing. We discuss the essential steps to determine if your loan is assumable and the pivotal role your mortgage servicer plays. Listen as we shed light on how to determine if you can qualify, what is required to do so, and the importance of having a fallback plan, given the unpredictability of qualification.
The insights provide not just a lifeline for those entangled in the throes of divorce but also a beacon of hope for preserving one's financial health in the face of adversity. Join us for an episode rich with strategic advice that could mean the difference between a smooth transition and a rocky financial future.
As a Mortgage Loan Originator, Tami’s goal is to educate her clients, take the mystery and anxiety out of the mortgage process, and provide a sense of security and peace to each of them. Tami can lend in all 50 states. (NMLS #1963450). Schedule a call to learn more at www.tamiwollensak.com or email her at tami@tamiwollensak.com.
Thanks for listening and I hope you'll continue to learn more about how you can peacefully divorce.
As a divorce mediation attorney in California, Scott Levin helps couples figure out the settlement terms and draft enforceable settlement agreements so they can divorce fairly without needing to go to court. Obtain closure peacefully through an amicable divorce. process that protects families and kids.
Visit San Diego Divorce Mediation for more information and to learn more about our mission to help divorcing couples make informed decisions and fair agreements through mediation or book a free virtual consultation.
Scott Levin, attorney, mediator, CDFA®
Chief PeaceKeeper
scottlevinmediation@gmail.com
858-255-1321
San Diego Divorce Mediation & Family Law
www.SanDiegoFamilyLawyer.net
30 episodes