Divorce and Finance

Getting Jumbo and Non-Standard Loans Just Got a Bit Tougher.

Wells Fargo just announced an increase in the required banking and/or investment relationship for jumbo loans from $250,000 to $1,000,000.  Additionally they increased the restrictiveness of some of the loan approval guidelines.  Back in April, Chase made similar moves to their lending rules and requirements.  This trend is not limited to the big banks and …

Getting Jumbo and Non-Standard Loans Just Got a Bit Tougher. Read More »

Planning for the Rocky Real Estate Market Ahead

Corelogic just released their Home Price Index and Home Price Forecast for May and the news is not great.  I say not great because it could have definitely been worse, but they are forecasting a 6.6% decrease in home prices by May of 2021.  In their press release, Corelogic said that “the anticipated impacts of …

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Fannie Mae and Freddie Mac Loan

Fannie Mae and Freddie Mac Opens New Opportunities for Homeowners

There is good news on the lending front.  The Federal Housing Finance Agency (FHFA), the government agency that oversees Fannie Mae and Freddie Mac, has announced that the “waiting period” for a Fannie Mae and Freddie Mac post-forbearance loan is dropping from 12 months to 3 months.  This is huge for anyone who entered into …

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Getting SplitReady Episode 25.2: When Less Isn’t More – Planning Your Divorce When The Market Is Down 

The financial markets are always changing. But when the markets are down, it can throw a wrench into your plans, especially during a divorce. What about when you need the assets to plan for the future or even to pay for the divorce? Join us for an engaging discussion with Certified Financial Advisor and Getting …

Getting SplitReady Episode 25.2: When Less Isn’t More – Planning Your Divorce When The Market Is Down  Read More »

loan forbearance

Forbearance on Mortgage in COVID-19 Can Impact Future Loans

Here is another quick update from the COVID-19 mortgage front.  As of today, I can verify that many institutions have to take forbearance on their mortgage into account for current and future applications. Forbearance is an agreement between a lender and a borrower to temporarily suspend debt payments. Without getting into too much detail, if …

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What’s Next: Post-Forbearance Options Become a Little Clearer

What next?  This question is what a lot of people impacted by COVID-19 are asking themselves, especially when it comes to their mortgage loans.   Although still not completely clear, we are getting more and more information every day.    Based on the information released this week, there is some good news and bad. First the good …

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phishing scam

Beware of Phishing Scams in Times of Crisis

a We are currently in the midst of an unprecedented crisis with COVID-19, but any crisis opens you up to technology vulnerabilities.  With the ability to track your online activity, hackers can target you when you are least able to protect yourself.  One common technique to exploit your online vulnerability is a phishing scam. A …

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mortgage forbearance plan

Creating A Post-Mortgage Forbearance Plan

Mortgage forbearance is temporary. This is a very important concept that everyone choosing to defer payment using forbearance needs to fully understand. I write this because there is a mountain of misinformation currently flooding the internet and other sources. Misinformation can lead to bad choices. Based on this, I recommend that anyone considering mortgage forbearance, …

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mortgage forbearance

What You Need to Know About Mortgage Forbearance

Everyone with a mortgage right now seems to be talking about forbearance and they should be.  It can be a great tool that lenders provide to help their clients through a tough time.  It is nothing necessarily new and lenders have always provided forbearance, forgiveness and modification as methods of weathering financial storms.  I have …

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Critical Financial and Housing Resources During COVID-19 Outbreak

I wanted to get this information out as a follow up to my recent blog post, Managing Your Finances In Times Of Crisis, where I provided some key steps to weathering crisis like divorce or our current viral disruption.  It is a short read that I am recommending for anyone feeling overwhelmed or wondering what …

Critical Financial and Housing Resources During COVID-19 Outbreak Read More »

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