Mortgage Decisions During Divorce with Erica Powers

Melissa Joy is joined by Erica Powers to talk about mortgage decisions during divorce. Erica is a licensed mortgage banker with NMLS #739673 at Level One Bank member FDIC and an Equal Housing Lender, with locations in  southeast Michigan including Ann Arbor and Detroit. She works with clients around the country.

We discuss:

· How do you make a payment fit into your budget when going through a transition or change?

· The value of a relational mortgage banker.

· Why it’s important to establish 6 months of demonstrable income or cash flow for employment, spousal support, etc.

Resources:

· A budget worksheet during divorce from Pearl Planning

· Get in touch with Erica Powers on LinkedIn or Facebook

Raymond James is not affiliated with and does not endorse the opinions or services of Erica Powers Level One Bank. Raymond James Financial Services, Inc. does not provide advice on mortgages. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.