Massachusetts Mortgage and Divorce Q&A #4

"How might this scenario impact my credit - and what can I do?" 

Unfortunately for many, divorce is a time of great financial hardship and credit challenges.  Because you are obligated on the mortgage until it is paid in full or refinanced, it is imperative that the person responsible for the payment remains current.  One possibility you have to remove your name from obligation is to contact the company which currently holds your mortgage, and ask to do a "Qualifying Name Delete Assumption."  This process will leave the existing loan in place, but would relieve the non-occupying spouse from their obligation on the loan.  Give us a call, and we can explain more about this process, or help you determine if a refinance may make more sense instead.    

-The above information regarding Massachusetts Mortgages was provided by Christopher Hills, the Managing Partner for Global Home Mortgage . Chris can be reached via email at chris@globalhomemtg.net or by phone at 508-377-5872. Chris has helped clients finance their first house on up to their dream homes here in Massachusetts.

I am dedicated to helping you find the right financial solution for the purchase or refinance of your home.

For Massachusetts Mortgages see http://www.chrishills.net/.  .

I service Massachusetts Mortgage Borrowers throughout the state, with my state of the art Video Conferencing and Software.  It's like I am sitting across the table form them. Also meet Face to Face with in a 1 Hrs drive of my office

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