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can a semi-recent divorce count against you in loan qualification?

finalized 6 months ago but separated in 2012
By 1101brock85869554 from WA May 19th 2014
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no. A divorce itself isn't considered in underwriting unless there is child support or spousal support that is required and then it would count toward your debt to income ratio.

May 19th 2014

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Usually not...give me a call or an email and I can explain. Take care,Kyle Stancatobayviewhomeloans@msn.com

May 19th 2014

Brock - thanks for the post and question ......a divorce wont be counted as a negative ...if there is spousal maint. / child support that you are required to pay - then this needs to be factored into your qualification ratios ........if there are common debt accounts ( car loans / credit cards etc....that were joint accounts ...make sure the ownership of these accounts are spelled out on property settlement agreement clearly and try to remove your names from any accounts your ex is now responsible for .....I would recommend becoming pre qualified / pre approved to find out for certian if you are OK or not ...Thanks and all the best Dave Skow Eagle Home Mortgage .... 206 714 9745.......daveskow@eaglehomemortgage.com.......you can begin pre approval using this link www.eaglehomemortgage.com/daveskow

May 19th 2014

No, but there are certain things that need to be considered. Give me a call or email if you have any questions or want more information. cself@comstockmortgage.com 206-307-2754

May 19th 2014

No, but there are certain things to consider and that might have an impact. Please feel free to call or email me if you would like to know more information. cself@comstockmortgage.com 206-307-2754

May 19th 2014

A divorce will not count against you when applying for a mortgage. However, if you have to pay child or spousal support or rely on it, that will play a part in determining how much your qualify for. If you have shared debt accounts, you will also want to keep an eye on those or even separate them as soon as possible, because if you ex racks up a shared credit card or stops making payments, that will affect you and your ability to qualify.

May 19th 2014

The only thing that can count against you is if you are now required to pay alimony or child support. The way it counts against you is it will reduce the amount you qualify for as it is now additional debt.

May 19th 2014


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