Discover the invaluable wisdom mortgage expert Liz Reese brings to the table as she tackles the financial upheaval of divorce and its impact on the mortgage landscape. In a poignant conversation, we navigate the treacherous waters of divorce financials, from the ripple effects on loan structures to the pivotal role of alimony and child support in mortgage qualifications. Our deep dive with Liz illuminates the lesser-known caveats of involving a mortgage professional early in divorce proceedings, a move that can save you from the pitfalls of unfavorable loan conditions in the aftermath of a split.
Home is where the heart heals, especially after the storm of divorce, and our latest episode explores the emotional journey and financial considerations that come with deciding the fate of the marital home. We share a personal story of resilience and new beginnings as my mother embraced homeownership post-divorce, symbolizing a fresh start. Balancing sentiment with pragmatism, we examine the tough choices between staying in a beloved family home and the financial freedom that may come with downsizing. The episode also sheds light on why consulting with a CPA for asset division can make all the difference in ensuring a clean financial break post-divorce.
In our heartfelt conclusion, Liz Reese, ever the compassionate guide, reaffirms her dedication to empowering those facing the complexities of property ownership after divorce. With her extensive knowledge and licensing in both California and Utah, Liz extends her support far beyond our conversation, offering a beacon of hope to those navigating this challenging transition. The episode wraps up with a recognition of Liz's invaluable expertise and her remarkable ability to turn life's upheavals into opportunities for stability and growth.