Divorce Buyout Refinance — Why It's Not a Cash-Out Loan

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Most people going through a divorce get quoted the wrong loan — and they never find out.

Here's what happens: the house is in both names, one of you is keeping it, and you have to buy the other one out. Your lender hears "taking cash out of the house" and prices it as a cash-out refinance. Higher rate. Lower LTV cap.

But when the buyout is spelled out in an executed divorce decree, that's not a cash-out. It's a rate and term refinance. Different pricing. And usually more room on loan-to-value than a cash-out would give you.

Same house. Same credit score. Same loan amount. The only difference is whether your lender knew to structure it that way — and you carry that difference every month for thirty years.

Divorce doesn't get you a better rate. The right structure does.

Save this. Send it to someone in the middle of it right now.

DM BUYOUT and I'll tell you what your decree qualifies for.

Joe Valenti
Mortgage Broker
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