Come to CP Cal Conference XIII!
CP Cal Conference XIII, scheduled for April 27-29, 2018 in San Mateo, California, is getting closer. Please join us at the conference for a workshop on “Divorce Mortgage Financing Strategies”, presented by Divorce Mortgage Advisors.
Divorce Mortgage Advisors
Divorce Mortgage Advisors was founded under the premise that family law professionals and their clients deserve expert guidance on how to achieve mortgage related goals within the divorce settlement process. The company’s co-founders, Ross Garcia, a Certified Divorce Lending Professional, and Jason Crowley, CFA, CFP, CDFA, bring a wealth of experience in divorce finance.
Divorce Mortgage Financing Strategies Workshop
In this presentation “Divorce Mortgage Financing Strategies”, Ross Garcia and Jason Crowley will address the common questions they receive about divorcing clients and their ability (or inability) to qualify for a mortgage pre- or post-settlement.
The up-front analysis that the company offers applies to all types of mortgage proposals:
- Refinancing to remove a spouses name
- Cash out refinances for buyout funds, attorney’s fees, equalizing payments, etc
- Purchasing a new house pre- or post-settlement
Ross and Jason will explain, from a lenders point of view, why banks consider divorce mortgages to be so much riskier than standard loan applications.
More importantly, they’ll identify key divorce-specific lender guidelines and offer practical, creative advice on how to navigate around these rules.
Why are divorce-specific lender guidelines so important?
Over the past decade, lenders have instituted a maze of complex guidelines that are both restrictive and hard to interpret. Divorce Mortgage Advisors takes the guesswork out of the mortgage qualifying process. They will provide concrete examples of rules and interpretations surrounding Marital Settlement Agreements including alimony, child support, property division, and credit obligations to name a few.
This doesn’t just apply to the Marital Settlement Agreement (MSA). Ross and Jason will also provide examples of other settlement documentation that lenders will allow to approve a loan in lieu of an MSA.
Did you know that there is a huge distinction between reported/taxable income and “qualified income” from the lenders perspective?
Ross and Jason will classify which types of income are considered “qualified” for lending purposes. They will also dive into child and/or spousal support income requirements. There are many ways to draft terms within a settlement agreement surrounding support (paid or received) that will help enable a client to qualify for their proposed mortgage goals. It’s vital that these scenarios are brought to the forefront of settlement talks early-on, before it’s too late to modify. That way, each spouse can ensure that the mortgage proposals in their settlement agreement are 100% achievable.
Ross and Jason will conclude with some unique and creative case studies that they’ve deployed to assist clients with qualifying, such as:
- Deferred Payouts vs. Lump Sum Payouts
- Spousal Support Termination Dates
- Recalibrating of Spousal & Child Support
You don’t want to miss this workshop!
Rarely is there an opportunity to evaluate divorce mortgage financing from the lenders point of view. Ross and Jason will simplify the process and guide you through each and every critical component of divorce lending.
We look forward to seeing you at the CP Cal Conference April 27th-29th.
Jason Crowley, CFA, CFP, CDFA
Partner @ Divorce Capital Planning LLC
Co-Founder @ Divorce Mortgage Advisors
firstname.lastname@example.org / 408-999-7800 ext. 226
Jason’s LinkedIn: https://www.linkedin.com/in/jasondcrowley/