Welcome To Vandenberg Real Estate Solutions Blog
Vandenberg Real Estate Solution's blog is written by a real estate and divorce specialist in Maple Ridge, Tri-Cities and The Fraser Valley. This is a place to learn about real estate advice for sellers, real estate advice for buyers, divorce real estate advice, be inspired, and keep informed about industry updates.
WHAT TO KNOW ABOUT SUPPORT PAYMENTS WHEN QUALIFYING FOR A MORTGAGE
When thinking about buying a home after divorce you need to qualify for a real estate mortgage. Support payments like child support and spousal support can help when qualifying for a mortgage, as they may be considered as additional income. However, there are specific criteria and documentation requirements needed in order to qualify.
BUYING A HOUSE AFTER A DIVORCE
Divorce can be challenging both emotionally and financially. Since the marital home is a couple’s largest asset it is often a tough decision during a divorce of what to do with the home. Keep it and buy your ex out or sell it off and split the equity…