There is a great deal to consider

when planning a separation or the ending of a marriage. One primary concern- where you expect to live and what might be required to make that a reality, is often taken for granted rather than thoroughly understood. The picture can become particularly complicated if you plan to purchase a new home, or refinance an existing residence, as part of the process of starting your new life.

Family Restructuring
and Home Financing

A few of the many questions about qualifying for a home mortgage that you may want answered:

  • How might support payments impact my ability to purchase or refinance?
  • Will signing a Quit Claim Deed relieve me of liability for the mortgage on the subject property?
  • If a settlement agreement assigns responsibility for an existing mortgage payment to the other party, will a lender consider this in qualifying me for a new purchase loan?
  • How do lenders look at a potential borrower who is separated, or in the process of a divorce that has not been completed?
  • How are our joint credit accounts going to be considered by a mortgage underwriter?
  • Will my credit score be impacted if my ex misses a payment on a account on which I was a co-signer?

5 Things Family Lawyers Need to Know About Home Mortgage Underwriting »

The Hendricks Team

Chris Hendricks has over 30 years of experience in real estate and banking. He has degrees from Stanford and UCLA and has been a community leader (Agoura Hills City Planning Commissioner, Friends of the Library Board President). He has personally faced some of the same issues having also gone through divorce. Chris has been a mortgage lender for the last 20 years, specializing in providing informed advice, educating his clients and striving to protect their best interests.

We are available for a phone or in-person consultation to help you develop a future housing plan and to answer any questions you may have.  There will be no charge.

Chris Hendricks

Chris Hendricks

Senior Loan Officer
Branch Manager