Ben and Heather are joined by Craig Budden from Aussie Home Loans in Coffs Harbour to discuss the tricky business of getting finance after separation.
Topic covered include:
- The major challenges in getting finance post-separation
- Credit scores: what are they and how can divorce impact on your score
- How to rebuild your credit score if it takes a hit after separation
- Do banks count child support or spousal maintenance when calculating your income?
- Buying a new property if your name is still on a joint mortgage for the family home
- Removing your ex's name from the joint mortgage if they stop making payments
- What banks look for if you want to buy out your ex's share of the family home
- Is it possible and/or reasonable to maintain a joint mortgage after separation?
- Options for single parents seeking a home loan
- The Family Home Guarantee scheme - what is it and who's eligible?
- Top tips from Craig, Ben & Heather when seeking finance after separation
