Divorce & Your VA Loan - Know Your Options, Protect Your Assets

Going through a divorce is emotionally trying, and dealing with the shared assets like your home can add another layer of stress. But veterans, have no fear! You have options when it comes to your VA loan during this life transition. Join our live show and get an expert breakdown of all your choices, so you can make informed decisions about your future.
Here's what we'll cover:
--Selling the home: Learn how to utilize your VA loan to pay off marital debt and make a clean break.
--Keeping the home: Whether you or your spouse remain, we'll explore ownership options and how your VA loan plays a role.
--Refinancing strategies: Dive into different refinancing options like removing your ex-spouse, cashing out, or retaining them on the loan, depending on your situation.
--Moving forward: Understand mortgage eligibility after divorce, how to manage support payments, and navigate occupancy requirements.
--Live Q&A: Fire away your questions and get tailored advice from experienced professionals dedicated to veteran well-being.
Don't let divorce anxieties cloud your homeownership future! This show is your roadmap to understanding your VA loan options and making informed decisions during this sensitive time. Join us LIVE and take control of your future!
#VettedVA #VALoans #DivorceSupport #MortgageOptions #LiveQA #EmpoweringVeterans
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Drop a COMMENT or QUESTION 💬 below and let us know what other topics you'd like us to cover!
⬇️ Check out the links below for more resources and information: ⬇️
www.BuyWiseMortgage.com
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Josh Lewis, BuyWise Mortgage NMLS:234220 | UAMCO: NMLS 1942
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[@faulknavy]

2 questions:
What if it's the Veteran that wants keep the house and the civilian spouse wants to leave/sell
in California?
Is there any extra protections for 100% disabled vet?
-Thanks for the show.

[@joshlewisCMC]

Not really extra protections but you are in a good spot. You should be able to do a spousal release so they can leave without being obligated on the loan. If you want more details, shoot me a message at [e-mail] Thanks for watching!

[@kevinplamondon4248]

I'm the vet, she wants to keep the house. She wants to assume the loan. Will I be able use my VA loan again if she assumes it?

[@joshlewisCMC]

Great question. A civilian ex-spouse can absolutely assume the loan and you can receive a release of liability. The downside is that they cannot substitute entitlement as they are not a veteran. This means that your entitlement will still be tied up with that property. You may have secondary or bonus entitlement that would enable you to buy another home, but it may require a down payment. Shoot me an email at [e-mail] if you would like to go deeper on this. Thanks for watching!