The implications of divorce on mortgage financing

I interviewed David Keblaitis, Owner of Home Funding Group, about how divorce impacts a borrower’s mortgage financing. “Often the person keeping the home is mandated by the divorce decree to refinance the marital home in order to remove the other party from the current mortgage,” says Keblaitis. “This can be problematic when the home is under water and there isn’t sufficient equity to refinance the home.” However, there are solutions available and Keblaitis believes in finding the right mortgage product for each client’s needs.