Considerations for Refinancing a Mortgage While Divorcing

When a couple is divorcing, one of the parties often wants to keep the home but may feel overwhelmed about how to go about getting financing or refinancing, the mortgage alone.  Our guest, Larry LoVetere, VP of Mortgage Lending with Guaranteed Rate sits down to explain some refinancing options that a divorcee has for their mortgage.  What are some primary factors about refinancing a mortgage? What is an equity buyout? What are the differences between a cash-out refinance and a rate-in-term refinance? When would the refinance terms need to be established in the divorce process? What is the importance of working together with a divorce attorney and a mortgage lending specialist? ********* Larry LoVetere has been in the mortgage industry for over 18 years and became a loan officer because he wanted to be in a business where he could help people and make a difference in their lives. To connect with Larry or to schedule a free consultation, visit: www.rate.com/larrylovetere or call (331) 214-5662 To learn more or to connect with Sterk Family Law Group, P.C. or Gwendolyn Sterk, call 815-600-8950 or visit https://www.sterkfamilylaw.com/   ************** Sterk Family Law provides a full range of family law and estate planning services in Orland Park for clients in Will, Cook, and DuPage counties.  The Sterk Family Law Group team provides a holistic approach to the practice of law and strives to not only service a client’s legal needs, but also help manage a client’s emotional and overall well-being by establishing connections with a vast network of counselors, support groups, and various other non-traditional service providers within local communities by way of the unique Resource Center.  The Resource Center provides Sterk Family Law clients with access to other professionals to help prepare for the next step in their lives. ************** This podcast is for informational and educational purposes only. This is a legal advertisement from Sterk Family Law Group, P.C. and does not constitute legal advice and should not be construed as such. #mortgage #mortgagerefinancing #mortgagelending #divorce