Love Lost, Loan Approved: Mortgage Broker Spills the Tea on the Mortgage Math

In this episode, we sit down with an experienced mortgage broker, Chris Chudacoff with True Point Lending, to unpack the complexities of getting a home loan during and after a divorce. 

We explore how your marital status, credit profile, and income situation can affect your eligibility—and what lenders look for when your financial life is in transition. Whether you're looking to refinance, buy out your ex, or start fresh in a new home, this episode offers practical advice and strategies to help you move forward. 

So, grab your coffee, get comfortable, and let’s make this whole mortgage thing a little less confusing and stressful.

Key Topics Covered:

• Types of loans available and what their differences are
• Financial dynamics of divorce

- First financial steps someone should take once divorce proceedings start.

- Common challenges newly single individuals face when applying for a loan. 

• Getting a loan during a divorce

- Getting a loan during a divorce

- What is considered income? 

- Are there any legal or logistical limitations?

- Practical advice - to do or not to do…

• Loan post-divorce

- Establishing solo credit and individual financial identity post-divorce

- Things to know about spousal and child support as an income

- Specific requirements for self-employed

- The importance of working with the right mortgage broker

• Strategies to improve loan eligibility

- The importance of working with the right mortgage broker 

- How much down payment do you actually need?

- Are co-signers a good idea?

• The biggest mistake our guest shares he sees as a mortgage broker
• When and how to contact our guest

“I still think real estate's a great investment. ... If you're going to own a home to live in that that's where you call home and build community, and you're going to have the home for more than five to six years, you're going to withstand, typically, any bad cycle of real estate anyway.” - Chris A. Chudacoff

Connect with Chris A. Chudacoff:

Website:  http://www.truepointlending.com/ 

LinkedIn: https://www.linkedin.com/in/chris-chudacoff/ 

Connect with Ksenia Muench:

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