Divorce Mortgage

In recent time lenders have been coming up with mortgage packages especially designed for divorced people. These packages are usually attached to mainstream mortgage types including interest-only mortgages with a few additional customizations

Lenders may offer of few months of no interest at the beginning of the  mortgage term. Also, any earnings will include alimony and the LTV (percentage of the purchase value loaned to the borrower) may easily be 95% or even 100%.

As with all mortgages, be very careful, as lenders will try to take advantage of your urgency by overwhelming tie-in clauses or high interest rates.