Question 1

What specific mortgage-related issues can a CDLP® help address?

Accepted Answer

A CDLP® can assist with determining buyout options, refinancing strategies, credit implications, child support and alimony structuring, and ensuring that both parties understand the long-term impact of mortgage decisions made during the divorce.

Question 2

How can a CDLP® help in determining the best course of action for the marital home?

Accepted Answer

A CDLP® assesses the financial feasibility of various options, such as one party retaining the home or selling it, and provides guidance to ensure decisions align with both parties’ financial goals and lending requirements.

Question 3

Can a CDLP® help if one party wants to keep the marital home while the other wants to sell?

Accepted Answer

Yes, a CDLP® can evaluate the financial implications of both scenarios, advise on the feasibility of each option, and help structure the settlement to ensure it aligns with lending requirements for both parties.

Question 4

Can a CDLP® assist with refinancing options post-divorce?

Accepted Answer

Yes, a CDLP® can help with refinancing options post-divorce by evaluating your financial situation, finding suitable mortgage products, and guiding you through the application process.

Question 5

Who should hire a CDLP®?

Accepted Answer

Anyone going through a divorce who owns real estate or is involved with mortgage financing should consider hiring a CDLP®. The includes individuals who need to refinance the marital home, those looking to buy a new property post-divorce, and couples needing guidance on equitable property division. A CDLP® is particularly beneficial for those who want to ensure their financial decisions are optimized and complaint with mortgage regulations, providing a smoother transition and better long-term financial stability.

Question 6

Will hiring a CDLP® increase my overall divorce costs?

Accepted Answer

While there may be an additional cost, hiring a CDLP® can ultimately save money by preventing costly mistakes, ensuring efficient mortgage processing, and providing clarity on financial decisions.

Question 7

We already have an attorney or meditator, why do we need a CDLP?®

Accepted Answer

A CDLP® offers specialized expertise in the intersection of divorce and mortgage financing. While attorneys or mediators focus on the legal and settlement aspects, a CDLP® ensures that property settlements are structured to achieve desired mortgage financing outcomes. They help navigate complex mortgage regulations, optimize financial decisions related to real estate and work to prevent potential financing obstacles, making the overall divorce process smoother and more effective.

Question 8

What is the process for working with a CDLP® during a divorce?

Accepted Answer

The process involves an initial consultation to assess your situation, ongoing collaboration to align property settlements with lending guidelines, and continuous support to navigate mortgage financing complexities. We will also review mortgage scenarios that align with your housing budget.

Question 9

Can't a regular loan officer without  a CDLP® certification help me through this process?

Accepted Answer

While a regular loan officer can assist with standard mortgage processes, a CDLP® has specialized training in divorce-specific financial issues. A CDLP® understands the unique challenges divorcing homeowners face, such as navigating complex property settlements, and ensuring mortgage compliance. They offer tailored advice that integrates legal, tax, and mortgage planning providing a comprehensive approach that a typical loan officer might not be equipped to handle.

Question 10

How will I know how many hours of planning we will need?

Accepted Answer

During our inital discovery call, we will discuss your current financial situation and where you are in the divorce process. Based the complexity of your situation, we will determinte the sufficient amount of time.

Question 11

What other services do you provide?

Accepted Answer

As a financial professional with experience in documentation collection, and analysis, I am prepared to help divorcing homeowners prepare a budget, organize and collect financial documents, and assistance in preparing your of statement of net worth that is needed during the discovery phase of your divorce.

In addition to these services, I also can help facilitate mortgage assumptions (if possible) with the current loan servicer.

Question 12

What are the benefits of involving a CDLP® early in the divorce process?

Accepted Answer

Involving a CDLP® early helps identify potential financing obstacles, ensures settlements are mortgage-compliant, and provides clarity on the impact of financial decisions related to the marital home.

Expert Home Loan Guidance for Divorcing Couples.

Carrie Morgan, CDLP®

Your Certified Divorce Lending Professional®

FAQs

Let's get to know each other!

Carrie@IlluminateDivorceSolutions.com

585-545-8634