For many couples, it can take a great deal of time for things to seem normal after getting a divorce. In addition to dealing with new relationship and emotional circumstances, many couples find it difficult to deal with the basic questions of day-to-day life.
One big question that many newly divorced couples must face is where to live. When making this decision, it is important for people to consider some basic points about applying for a mortgage after a divorce.
First off, a newly divorced person should plan on providing a prospective mortgage lender with the clearest picture of his or her finances as possible. Lenders will most likely examine a person’s divorce decree to determine whether there are any obligations such as alimony or child support.