Question

My Certified Divorce Financial Analyst is working the figures to see if I can afford a house when I divorce. I'm excited, but wary. I'll let STBX buy me out and then get a mortgage for maybe $150kish, but I have no income except for his alimony that is to be determined. Anyone been in my shoes in this regard? In mediation should I ask if he will loan me that 150k and I'll make monthly payments. We are not adversarial BTW and he promised he would make sure I have enough money for living on. I'm hoping the alimony on paper will get me the bank loan if he wont loan it to me. Just wondering what you might suggest. I really want a small 2 bdrm house and No. CA is so expensive but I cant move as I am a nanny to my grandkids. Thanks guys.  

Answer 1

Never heard of a certificated divorce financial analyst- please explain what they do.  

Comments

@wine I had to google it, apparently it’s a legit thing.  

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@neral thanks! Actually sounds like a good idea

Answer 2

Are you not able to work to get your own income as well? I can’t imagine the courts putting it in the divorce that he loans you $150k to buy a house, that’s no longer his responsibility after you divorce. But, stranger things have happened. And I understand wanting to stay close to your grandkids, but another nanny can be found. If you need to move to somewhere less expensive so you can survive then that’s what needs to happen.  

Answer 3

Maybe your child can start giving you an income for watching their children?  

Answer 4

Speak to a mortgage lender that handles divorces. One of my preferred lender counts alimony as income. It varies very much based on your particular situation and divorce decree.