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Just Approved in SF Gate for Brenda Wyatt!

Just Approved in SF Gate for Brenda Wyatt!

May 4th, 2015 | Brenda Wyatt, Mortgage News, SFGate, refinance

Just Approved: Divorce doesn’t have to mean the end of home ownership

Background: Wyatt was approached by a couple who were getting divorced.

Divorces are difficult and full of procedures since people are deciding what to do with a house. The property becomes a big liability of a separation.

As far as a lender is concerned, you are jointly liable for the mortgage unless you sell the house, one person assumes the mortgage or the property is refinanced with new terms and conditions.

Refinancing is the most common solution to handling a divorce and mortgage. One spouse wants to keep the home and hold sole title to the property.

Read the whole article in SFGate's Real Estate section, here!

Holmgren and Associates

DBA of Finance of America
1900 Mountain Boulevard
Oakland, California 94611
Phone: 510-339-2121
NMLS 0910184/1071
 

Holmgren & Associates is a branch of Finance of America. We are a full service mortgage banker with an experienced staff offering expertise in residential mortgage lending, with primary focus on loans for home purchase, refinance, and reverse mortgages.

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