One of the bright spots of the recent COVID-19 inspired global pandemic was the sharp decrease in mortgage rates. After all, bad news for the economy is good news for mortgage rates (and vice versa). The historic spike in unemployment filings and sharp decrease in consumer confidence clearly qualified as “bad news” and subsequently led to the lowest mortgage rates we are likely to experience in our lifetimes. Suffice to say, nearly everyone either locked in these reduced interest rates via mortgage refinances or brand new home purchase loans between the years 2020 - 2022.
Included in the population … (8 comments)
cds: Divorce Mortgage Specialist Helping Divorcing Parents
- 04/05/23 03:07 PM
“Unlock the Secrets to Successful Co-Parenting with 25+ World-Class Experts at the Co-Parenting Success Summit!” Co-parenting can be a difficult journey, especially when the relationship with your ex-spouse is strained or acrimonious. However, it's possible to navigate this journey successfully and raise happy, healthy children. That's why the Co-Parenting Success Summit is such a valuable resource. Register here for FREE! This virtual event brings together 25+ world-class experts to share their tips, strategies, and tools for creating healthy family relationships, promoting stability, and raising happy kids before, during, and after divorce, each covering the 5 most important areas of navigating the co-parenting … (1 comments)
cds: Real Producers Interview w/ Jason Gordon "Beyond The Pages"
- 11/10/22 10:13 AM
In this brief video interview, learn the "why" behind why San Diego based Residential Mortgage Specialist Jason Gordon has chosen to dedicate substantial efforts towards helping Divorcing Homeowners and Homebuyers by earning all 4 of the following credentials: Certified Divorce Lending Professional (CDLP) Certified Divorce Real Estate Expert (CDRE) Certified Divorce Specialist (CDS) Real Estate Collaboration Specialist - Divorce (RCS-D)
To access Jason Gordon's CV, please CLICK HERE Special thanks to San Diego Real Producers magazine, and the incredibly professional and friendly staff at Beyond The Pages!
It bears noting that Jason Gordon offers services to prospective Borrowers regardless of their marital status (he just happens to assist … (0 comments)
cds: Divorce Equity Buyouts - Are "Mortgage Assumptions" Allowed?
- 08/01/22 11:23 AM
An Assumable Mortgage Loan allows an existing loan contract to be taken over (assumed) by either an existing Borrower or a brand-new Borrower without modifying the remaining loan term, payment amount, interest rate or loan amount. Logically, amidst a Divorce Equity Buyout, a mortgage loan assumption would be the ideal course of action. Given the fact that you have 2 Borrowers who are responsible for paying back an existing mortgage loan and only one of them desires to keep it, why not just allow the "In-Spouse" to keep the existing mortgage instead of being forced to refinance the current loan into a … (0 comments)
cds: Divorce Equity Buyouts - Using A Reverse Mortgage
- 12/03/21 03:27 PM
Divorce is an unfortunate occurrence, yet it has become common in our culture. Among the most prominent demographics to experience divorce are senior citizens. There are even nicknames such as "Gray Divorce" and "Silver Splitters" to describe the dissolution of marriages amongst this population. Did you know that a Reverse Mortgage may be a perfect solution to help Divorcing Seniors who are seeking an Equity Buyout? Below is a sample case study of a divorcing couple we recently assisted: Husband (70 years old) & Wife (67 years old) decided to get divorced. The marital home ("Property A") was owned free & … (10 comments)
cds: Divorce Equity Buyouts - Does It Matter Who Is On Title?
- 02/17/21 02:00 PM
If 2 spouses are getting divorced and one of them wishes to keep the marital home, a “Divorce Equity Buyout” is often pursued via a new individual mortgage in the name of the Spouse keeping the home (which we often refer to as the “In Spouse”). The Spouse vacating the home is referred to as the “Out Spouse”. So if the “In Spouse” is buying out the “Out Spouse” does it matter who is on Title when the Divorce Equity Buyout mortgage is pursued? In short, YES. To understand the significance of why this dynamic matters, we must first understand that there are … (10 comments)
cds: Divorce Equity Buyout - How To Pursue When You Want To Keep The Home
- 12/15/20 11:01 AM
When Homeowners decide to pursue a divorce, it is fairly common for one of the Divorcing Homeowners to want to stay in (and retain) the home. For purposes of gender neutrality, we refer to the Spouse who wants to stay in the home as the "In Spouse" and the Spouse who departs the home as the "Out Spouse". With the above in mind, there is typically at least 1 mortgage secured by the "marital home" which is often in the names of BOTH spouses. In addition to wanting his/her share of the equity in the home, the "Out Spouse" will typically demand … (1 comments)
cds: The Value of a Certified Divorce Specialist (CDS)
- 12/08/20 01:08 PM
Divorce is one of the most traumatic transitions in life that someone can experience. Given the potential adversities financially, legally and/or emotionally, it is imperative that a Divorcing Client works with professionals specially trained to help someone going through this process.
Introducing the Certified Divorce Specialist (CDS®)
The CDS curriculum is administered by The National Association of Divorce Professionals (NADP) and covers an extensive amount of timely & relevant content aimed at training professionals to help their Divorcing Clients at a high level. As stated in their website, The Certified Divorce Specialist (CDS®) Training is for professionals in the legal, financial, mental health, and … (0 comments)
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Jason E. Gordon
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
Author Bio: Jason Gordon is a Residential Mortgage Specialist in San Diego, CA. He combines ethics, education, and experience while helping Homebuyers and Homeowners to achieve their financial goals.View all AR Posts By Jason Gordon
Don't Assume the Assumption!
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