Divorce Mortgage Assumption Advocacy: Secure Your Financial Future
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I simplify a complex process for you.
The mortgage assumption process can be overwhelming and confusing, but I make it straightforward and manageable for you.
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I ensure your paperwork is accurate and complete.
By preparing a thorough, well-organized file for the mortgage servicer, I help you avoid the delays and rejections that can happen if you try to fill out the paperwork yourself.
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I advocate for the best outcome for you.
With my experience, I anticipate challenges and address them proactively, increasing your chances of getting your mortgage assumption approved on favorable terms.
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I take the stress off your shoulders.
Divorce is already emotionally taxing, and dealing with financial paperwork can make it worse. I handle the process for you with care and professionalism, so you can focus on what matters most.
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I guide you every step of the way.
My deep understanding of divorce mortgage planning ensures that your mortgage assumption aligns with your financial goals, helping you avoid common pitfalls and move forward with confidence.
Transforming Endings into New Beginnings
Tami Wollensak, CDLP®
With over 28 years of experience in mortgage lending, I bring unmatched expertise to help clients navigate the often overwhelming process of mortgage assumptions after a divorce. Having worked with more than 1,000 divorcing individuals, I specialize in bridging the gap between mortgage companies and clients who may not fully understand the nuances of the lending process. I speak the language of mortgage terminology fluently and can translate any challenges or hiccups into clear, actionable solutions. My goal is to guide you with confidence, ensuring your file is seamless and your financial future is secure.
What about this?
Simplify a Complex Process
Ensure Accuracy and Completeness
Advocate for the Best Outcome
Reduce Stress During Emotional Times
Gain Access to Professional Guidance
Here Are 5 Common Traps
Miscalculating Income for Self-Employed Individuals
The Trap: If you're self-employed, accurately calculating qualifying income can be tricky, often leading to delays or denials.
How I Help: I have the expertise to correctly analyze your financial documents, ensuring your income is calculated accurately and meets mortgage lender requirements.
Misunderstanding Divorce Agreements and Support Income
The Trap: Clients may not fully understand how divorce agreements impact their financial profile, especially if support income (alimony or child support) is being used to qualify for a mortgage.
How I Help: I review your divorce agreements thoroughly, ensuring any support income is documented properly and aligns with mortgage lender requirements.
Overlooking Contingent Liabilities
The Trap: Debts assigned to your spouse in the divorce may still appear on your credit report, affecting your ability to qualify.
How I Help: I identify these liabilities upfront and work with the mortgage servicer to ensure you're not unfairly burdened by debts no longer your responsibility.
Failing to Address Costs and Timelines
The Trap: Overlooking upfront costs, timelines for the process, or necessary documentation can lead to unexpected roadblocks.
How I Help: I outline all costs and deadlines clearly from the beginning, ensuring you're prepared and avoid unnecessary delays or surprises.
Navigating the Process Without an Advocate
The Trap: Trying to manage the process alone can result in incomplete paperwork, miscommunications, and missed opportunities to resolve issues early.
How I Help: I advocate on your behalf, manage the details, and act as a liaison with the mortgage servicer, translating any obstacles into solutions to keep the process on track.
By addressing these potential pitfalls proactively, I ensure the mortgage assumption process is smoother, more efficient, and less stressful for you.
Happy Client Testimonials
“Tami guided me through an extremely difficult and confusing process, and is ultimately the reason I was able to avoid having to refinance my home following a divorce – saving me tons of money and avoiding a terrible rate. I’m grateful and relieved. I know this sounds over the top, but it truly is a life-changing positive outcome for me. Thank you Tami.”
You ask, I answer
What happens when I sign the contract to engage your services?
You ask: What happens when I sign the contract to engage your services?
I answer: Once you sign the contract, I will begin working closely with you to gather all necessary documentation and review your financial situation. I’ll help ensure your file is complete and meets the requirements for submission, guiding you every step of the way through the mortgage assumption process.
Can you guarantee success in my mortgage assumption?
You ask: Can you guarantee success in my mortgage assumption?
I answer: I cannot guarantee success because the final decision rests with the mortgage servicer. However, I will leverage my expertise to ensure your file is complete, accurate, and as strong as possible to give you the best chance of approval.
What if my assumption isn’t approved?
You ask: What happens if my assumption isn’t approved?
I answer: If the assumption is not approved, we’ll explore alternative solutions together. My role is to help you navigate the process and evaluate options that can still support your financial goals.
What happens if I’m not satisfied with your service?
You ask: What happens if I’m not satisfied with your service?
I answer: My goal is to provide you with exceptional guidance and support throughout this process. If you're not satisfied, I encourage open communication so we can address your concerns and adjust as needed. Your satisfaction is very important to me.
Why not handle the process myself?
You ask: Why not do it myself?
I answer: While you can, the mortgage assumption process involves nuanced lending requirements and detailed paperwork that can be confusing. Without experience, you may overlook critical details that could delay or jeopardize the outcome. I help you avoid these pitfalls and save time and stress by ensuring your submission is thorough and well-prepared.
How do you help improve my chances of approval?
You ask: How do you help improve my chances of approval?
I answer: I act as your liaison, guiding you through the process and ensuring your file is complete, accurate, and well-organized. By understanding and meeting lender requirements upfront, we minimize the risk of errors or delays that could negatively impact your application.
Transforming Endings into New Beginnings
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