February 16th, 2023
Thinking about keeping the house in your divorce? This week, Tami Wollensak joins me to talk about the things you need to consider when deciding whether or not you should keep your marital home. We explore the importance of understanding your finances and what to keep (and manage) the home. We also discuss some of the hidden costs associated with keeping the home such as homeowners insurance, getting a home inspection, and more. Tami offers insightful advice that will help you come to a more informed and peaceful decision about your home.
Tami is a Certified Divorce Lending Professional (CDLP™) and Senior Mortgage Loan Originator. She takes a holistic approach to the process of evaluating mortgage options in the context of the overall financial objectives as they relate to divorcing situations prior to settlement for the best outcome for the divorcing homeowners.
Featured topics include:
- Even if you want to keep your house, you may not qualify for a mortgage loan (7:42)
- How a CDLP can help you negotiate keeping your marital home (16:18)
- Keeping the home might not be your best option (17:15)
- Understanding and evaluating the numbers can help you to move forward with a peaceful decision (22:19)
- You have to be the CFO of your divorce (24:13)
- Why your credit and obtaining your credit report is critical (33:24)
- Some of the things you may not have considered about keeping the home like ongoing maintenance, getting a home inspection, and homeowners’ insurance (37:00)
Learn more about Tami Wollensak:
Tami Wollensak is a licensed mortgage loan originator and a 25+ year veteran of the industry, she has experience working in multiple roles and facets of the industry. She has discovered her true passion in helping to divorce individuals navigate their home equity solutions while going through the most challenging time of their life.
Tami has earned the certification as a Certified Divorce Lending Professional (CDLP™). This specialization provides her the ability to identify potential gaps in the agreement that cannot be met during the mortgage process. Tami works with her client’s attorney, mediator, or financial advisor to help guide them through all the options available to ensure a successful outcome regarding the divorcing couple’s real estate.
As a Mortgage Loan Originator, Tami’s (NMLS #1963450) goal is to educate her clients, take the mystery and anxiety out of the mortgage process, and provide a sense of security and peace to each of them. Oak Leaf Community Mortgage is a division of Mutual Federal Bank, Equal Housing Lender, and FDIC insured.
Resources & Links:
DISCLAIMER: THE COMMENTARY AND OPINIONS AVAILABLE ON THIS PODCAST ARE FOR INFORMATIONAL AND ENTERTAINMENT PURPOSES ONLY AND NOT FOR THE PURPOSE OF PROVIDING LEGAL OR PSYCHOLOGICAL ADVICE. YOU SHOULD CONTACT AN ATTORNEY, COACH, OR THERAPIST IN YOUR STATE TO OBTAIN ADVICE WITH RESPECT TO ANY PARTICULAR ISSUE OR PROBLEM
TODAY’S EPISODE IS SPONSORED BY: WORTHY
The Divorce Survival Guide podcast is sponsored by Worthy.
Worthy helps you get the most money possible for your diamond jewelry or luxury watch, fast and risk-free. Their experts do all the work for you, and their competitive auctions get you up to 3X what a local jeweler might offer in as little as 2 weeks.
With Worthy, you’re in control from start to finish. If your item doesn’t sell for the price you want, Worthy sends it back to you at no cost, fully insured.
And now for a limited time, you’ll get an extra $100 when your jewelry sells for over $1,500. All you have to do is register at https://worthy.com/dsg-podcast. (See website for terms.)