What if I do not meet the income requirements after the divorce?
If you don’t meet the income requirements, you may be eligible for the “explain” program. This program offers more flexibility in assessing your mortgage application, taking into account alimony or other financial resources. I’d be happy to help you explore your options.
More questions about divorce or separation
- Are you still entitled to mortgage interest deduction after a divorce?
- Do I need a notary to change the mortgage in a divorce?
- What about mortgage interest deduction after a divorce?
- What happens to home equity when buying out a partner?
- What happens to my interest-only mortgage if I buy out my partner after a divorce?
Still have a question?
Is your answer not listed? Feel free to contact me — I am happy to help you further.
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