Getting a Divorce? New eBook Shows How to Avoid Nine Worst Financial Mistakes
A new ebook from Tony Lacy-Thompson shows how divorcing couples can avoid the nine worst and most common financial mistakes and save themselves thousands of dollars. You won't get this advice from your attorney, your CPA, or your financial advisor.
Published 2012-01-13 · Original archive entry · Explore research explainers
SAN JOSE, CA, January 13, 2012
"The worst financial mistake you can make while getting a divorce is not checking your credit report," says mortgage consultant Tony Lacy-Thompson in a new ebook. "While you are married your credit is joined to that of your spouse," he continues, "and any late payments, charges or inquiries caused by your spouse will impact the interest rate on any loan you plan to get in the future, or even your ability to get a loan at all."This is just one of nine mistakes Lacy-Thompson helps you to avoid in a new eBook entitled "The Nine Worst Financial Mistakes Divorcing Couples Make," available for free from the author.
Another mistake people make is thinking that once their name is off the title to their home then they are also off the mortgage. "They couldn't be more wrong," says Lacy-Thompson. "There are only two ways to get your name off the mortgage debt: refinance into your spouse's name, or sell. Never, ever sign any kind of Quit Claim Deed or Inter-Spousal Transfer before taking professional counsel."
Lacy-Thompson's eBook is available from his website at www.svmortgageguy.com, under the heading Divorce Finances.
Tony Lacy-Thompson is a senior mortgage consultant with Arcus Lending in San Jose. He has been helping people with their mortgage finance needs since 2005. For more information, you can contact him on (408) 398-6284, or email at tony@svmortgageguy.com.