Divorce can be a challenging and emotional experience, especially when it comes to deciding what to do with your family home. You're not alone in wondering how to keep the house while navigating the complexities of a divorce. At National Mortgage Home Loans, we understand your situation and are here to help.
”At NMHL, we work with borrowers in exactly this situation every day. We understand the uncertainty, the frustration, and the worry that comes with navigating a mortgage during a significant life event. You are not alone, and your situation does not have to be a barrier to homeownership.
Our licensed loan officers specialize in finding the right path forward for borrowers in complex circumstances. Whether your situation requires specialized documentation, alternative qualification methods, or simply a lender who takes the time to understand your full financial picture, we are here to help you move forward with confidence and clarity.
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Cash-Out Refinance for Equity Access
If you're keeping the house in a divorce, you may be able to access some of the equity you've built up through a cash-out refinance. This can help you buy out your ex-spouse's share or cover other expenses related to the divorce.
Conventional Loan Options for Divorce Situations
NMHL offers conventional loan programs that can help you keep your home during a divorce. With options for low down payments and flexible credit scoring, we can help you find a loan that fits your situation.
Personalized Guidance from NMHL Experts
Our experienced loan officers specialize in helping borrowers navigate complex situations like divorce. We'll work with you to understand your unique circumstances and find a mortgage solution that works for you.
Streamlined Pre-Approval Process
At NMHL, we understand that time is of the essence when you're going through a divorce. That's why we offer a streamlined pre-approval process that can get you the answers you need quickly.
Personalized Guidance for Your Situation
No two mortgage journeys are alike. Our experienced advisors take the time to understand your unique circumstances and find the best path forward.
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Understanding Your Mortgage Options During a Divorce
Going through a divorce can be a challenging and emotional experience, especially when it comes to deciding what to do with your family home. At National Mortgage Home Loans, we understand that you're not alone in wondering how to keep the house while navigating the complexities of a divorce.
We'll work with you to explore your mortgage options and find a solution that fits your situation. Our experienced loan officers specialize in helping borrowers navigate complex situations like divorce.
Get started with a no-obligation consultation today
How to Keep the House in a Divorce
Keeping the house in a divorce requires careful planning and financial preparation. One option is to refinance your mortgage to buy out your ex-spouse's share of the property. NMHL offers cash-out refinance programs that can help you do this.
- Access up to 80% of your home's value
- Competitive interest rates starting at 6.5%
- Flexible repayment terms
We'll work with you to determine the best course of action for your situation.
Get pre-approved today and take the first step towards keeping your home
Refinancing Your Mortgage During a Divorce
Refinancing your mortgage during a divorce can be a complex process, but it's often necessary to buy out your ex-spouse's share of the property. At NMHL, we offer conventional loan programs with flexible credit scoring and low down payment options.
Our experienced loan officers will work with you to understand your unique circumstances and find a mortgage solution that works for you.
Contact us today to learn more about our refinancing options
What to Expect from the Mortgage Process During a Divorce
The mortgage process during a divorce can be complex and time-consuming, but it's often necessary to keep the family home. At NMHL, we'll guide you through the process and help you understand what to expect.
Our streamlined pre-approval process can get you the answers you need quickly, typically within 24-48 hours.
Get started with a no-obligation consultation today
Frequently Asked Questions About Keeping the House in a Divorce
At NMHL, we understand that you may have questions about keeping the house in a divorce. Here are some answers to frequently asked questions.
Frequently Asked Questions
Yes, you can get pre-approved for a mortgage during a divorce. At NMHL, we'll review your financial situation and provide a pre-approval letter that you can use to negotiate with your ex-spouse or make other financial decisions. Our pre-approval process typically takes 24-48 hours.
You can buy out your ex-spouse's share of the house by refinancing your mortgage and accessing some of the equity you've built up. NMHL offers cash-out refinance options that can help you do this. You'll need to qualify for the new loan amount, which will be based on your income, credit score, and other factors.
Not necessarily. NMHL offers conventional loan programs with down payments as low as 3.5%. However, the amount you'll need to put down will depend on your credit score, income, and other factors. We'll work with you to find a loan program that fits your situation.
It depends on the lender and the specific loan program. At NMHL, we consider alternative income sources, including alimony and child support, when qualifying borrowers for a mortgage. You'll need to provide documentation, such as court records or payment agreements, to verify this income.
The refinancing process typically takes 30-60 days, but it can vary depending on the complexity of your situation and the lender's requirements. At NMHL, we'll work with you to streamline the process and get you the financing you need as quickly as possible.
When you divorce, you'll need to decide what to do with your joint mortgage. You can refinance the mortgage in one person's name, sell the property, or continue to co-own the property. NMHL can help you explore your options and find a solution that works for you.