Episode Description - The Truth About How to Assume A Mortgage After Divorce
You've spent months negotiating who gets the house, only to discover that the mortgage you “thought” was assumable, isn’t. Now what? Stacey Ellison, a Certified Divorce Lending Professional with over 30 years in the mortgage industry, breaks down what really happens when one spouse wants to keep the house and assume the mortgage that’s currently in both names.
Not every mortgage is assumable, and even those that are assumable usually require lender approval to do so. In other words, if your mortgage company agrees to let you assume the mortgage, you can. If they don’t, you can’t … and there’s not much you can do about it if you get denied.
What’s more, if you assume your existing mortgage, you have to find a different way to buy out your spouse’s equity. You can’t take a dime out of the equity in your home AND assume your current mortgage.
The good news is that keeping your low-interest rate mortgage isn't always the financial win it appears to be. The math around post-divorce tax filing changes can actually make refinancing at a higher interest rate more financially beneficial for you than keeping the mortgage you have.
The bottom line is that mortgage assumptions are complicated. This podcast episode will help you cut through the fog so you can create a solid financial future.
Show Notes
About Stacey Ellison
Stacey Ellison is a Certified Divorce Lending Professional and Divorce Mortgage Planner with over 30 years of experience in the mortgage industry. Since 2020, she has used her specialized training to help individuals navigate the complex financial decisions surrounding a home during a divorce. Working with other divorce professionals, Stacey provides strategic guidance on home equity, mortgage qualification, and housing goals. Her goal is to help divorcing homeowners make sound financial choices that support their long-term stability.
Connect with Stacey
You can connect with Stacey on LinkedIn at Stacey Ellison and on Facebook at Stacey Ellison: Certified Divorce Lending Professional and follow her on Instagram at Divorce Mortgage Solutions. To find out how to work with Stacey visit her website at Divorce Mortgage Solutions.
Key Takeaways From This Episode with Stacey
- Stacey Ellison is a Certified Divorce Lending Professional and Divorce Mortgage Planner, who explains how mortgage assumptions work during divorce and why the process is often misunderstood.
- There are two types of assumptions: simple legal transfer (faster but the exiting spouse stays liable) and novation (removes the spouse but requires full qualification and lengthy review).
- You cannot pull cash out or complete an equity buyout during an assumption; buyouts must come from other assets.
- Refinancing can sometimes be more financially beneficial than assuming a low-rate loan due to tax-filing changes after divorce.
- FHA and VA loans are always assumable, while many conventional loans may be assumable depending on the investor, but the process can take months.
- Settlement agreements must include a backup plan because assumption approvals aren’t guaranteed.
- Borrowers must contact their current loan servicer to confirm assumability; lenders cannot call the loan due because of divorce.
- Income qualification rules apply, including the 6-3-6 requirement for alimony or child support (6 months received, 3-year continuance, documented as ordered).
- Specific settlement language can exclude the mortgage from the departing spouse’s debt ratio, allowing them to buy another home.
- A divorce mortgage planner helps evaluate assumption vs. refinance, guides paperwork, and coordinates with the lender, attorneys, and financial professionals.
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Transcript
The Truth About How to Assume A Mortgage After Divorce
SUMMARY KEYWORDS
mortgage assumption, load qualification, divorce mortgage planner
SPEAKERS
Karen Covy, Stacey Ellison
Karen Covy: 0:10
Hello and welcome to Off the Fence, a podcast where we deconstruct difficult decision making so we can discover what keeps us stuck, and more importantly, how we can get unstuck and start making even tough decisions with confidence. I'm your host, Karen Covy, a former divorced lawyer, mediator, and arbitrator, turned coach, author, and entrepreneur. And now without further ado, let's get on with the show.
With me today, I have Stacey Ellison. And Stacey is a certified divorce lending professional and divorce mortgage planner with over 30 years of experience in the mortgage industry. Since 2020, she's used her specialized training to help individuals navigate the complex financial decisions surrounding a home during divorce. Working with other divorce professionals, Stacey provides strategic guidance on home equity, mortgage qualification, and housing goals. Her goal is to help divorcing homeowners make sound financial choices that support their long-term financial stability. Stacey, welcome to the show.
Stacey Ellison: 1:19
Thank you, Karen. Thank you so much for having me. I'm so excited to be here.
Karen Covy: 1:21
I am thrilled to have you because I want to talk with you about a really hot topic these days, which is mortgage assumption. You know, since interest rates have gone up so much in the pat in the past few years, past year, two years, whatever it's been, it seems like forever.
Stacey Ellison:
It seems like forever. You're right. It really does.
Karen Covy: And it doesn't look like they're going down anytime soon. So a lot of people are curious about mortgage assumptions. And so let's just dive right in and talk about what does it mean to assume a mortgage? What is a mortgage assumption?
Stacey Ellison: 1:59
So a mortgage assumption is when one spouse or one party legally takes over the obligation of the mortgage and allows the vacating spouse to do whatever they're gonna do, whether they're gonna buy a new home or move out or whatever it is. Um there are actually two types of mortgage assumptions. There is a simple legal transfer assumption or an assumption by novation. Um, and these two types differ basically in the level of lender involvement and whether or not the original spouse remains legally responsible on the loan or not. So it's and a lot of people don't realize that there are, in fact, two different types of assumptions.
Karen Covy: 2:54
Okay, let me stop you there. I mean, I was under the impression, probably wrongly, as it's turning out, but I was under the impression that if you're going to assume a mortgage, the whole reason for doing that is to get your spouse off the mortgage, right? So if I understand you right, there are mortgage assumptions that don't do that.
Stacey Ellison: 3:19
Yeah, that's correct. That's correct. So it's really important, it's really important to understand the difference. Um, and this, like the name says, the simple legal transfer assumption um is a little bit easier because the existing loan remains in place and the assuming borrower or the spouse who's staying in the home takes over the payments. But the other spouse may still be legally responsible unless they are formally released by the lender. And this is often like to do this, it's often you know a lot quicker than getting a full release, but it can leave that vacating spouse open to a lot of um responsibility because if the mortgage doesn't get paid on time, it's still gonna get reported to their credit. Um, they could still be held responsible when they move forward to get new financing. Um, there's a lot of a lot of potholes to be aware of with that.
Karen Covy: 4:26
Okay, so help me out here. I can't see any reason on earth to do that. Why would anyone do that?
Stacey Ellison: 4:33
Well, the assumption by novation um is a lot more complicated and can take a long time to have to get done, and there's no guarantee that the lender is going to approve it. Um assumption by novation creates a new contract between the lender and the assuming borrower. Um, and while it does release the initial borrower from the liability, um the borrower who's uh assuming the loan, um, they have to qualify for it. And each lender is going to have their own guidelines as to what the qualifications are. It's not traditional underwriting guidelines. They can make up whatever guidelines they want.
Karen Covy: 5:23
And uh let me interrupt let me interrupt you here. So it sounds like of those two types, the assumption by novation is what people typically think of when you talk about assuming a mortgage. Am I getting it?
Stacey Ellison:
That's correct.
Karen Covy:
Okay, so if I'm let's say, you know, I'm the staying the in-spouse, I'm staying in the house, I want to buy out my spouse's interest or whatever. I want to be responsible for the mortgage, let him go his own way, right? So let's start with the basics before we get even get into what kind of an assumption is it. Presumably, I and my husband already have a mortgage, and the reason I want to assume it is because I want to keep the good interest rate that I got years ago, right?
Stacey Ellison: 6:12
Sure, sure.
Karen Covy:
Is every mortgage assumable?
Stacey Ellison:
No, and let it no, it's not, and I'll come back to that. But let me back up and address something that you said. You said you wanted to do an assumption and an equity buyout. You cannot do that. If you are assuming doing an assumption, there is no additional money coming out at that time. If there's going to be an equity buyout, that's gonna be that's gonna have to happen outside of the mortgage and be equalized with other assets.
Karen Covy: 6:46
So what you're saying is that if let's say, you know, I'm the spouse who wants to buy out the mortgage, so to speak, or buy out my spouse's interest, what I'm hearing you say, and you tell me if I've got this right, is that I if I you know, if I can assume the mortgage, and we'll get to that in a minute, but let's say the loan, the mortgage is assumable, and I want to do that, and I have, let's just say, hypothetically speaking, $100,000 worth of equity in the house, I can't take $50,000 out, give the $50,000 to my husband, and assume the original mortgage. Is that what you're saying?
Stacey Ellison: 7:24
That is 100% correct. You cannot take any pennies out because assuming the loan is not only preserving the interest rate, it's preserving those original terms and conditions, the loan amount, the and the interest rate and all of that. So you cannot take money out during an assumption.
Karen Covy: 7:47
So what I'm hearing you say is that if somebody, if I'm the person and I want to assume the mortgage, and my spouse has got $50,000 worth of equity that he's you know entitled to under the terms of the divorce settlement, I have to pay him some other way.
Stacey Ellison: 8:06
Absolutely, Karen. That's exactly right.
Karen Covy:
What can I pay him with?
Stacey Ellison:
Whatever merit, whatever other assets are being divided, you know. So it could, I mean, it if you have a stock account or you know, it different, maybe the asset division isn't 50-50 then. It's 50, you know, you get 50% minus whatever equity you're gonna use to buy him out. Um, so it and this is what I do as a divorce mortgage planner, is we look at all of the options. What's the benefit? Is there a benefit to assume the loan? Um, there are a whole lot of reasons why refinancing even to a higher interest rate could be less expensive than doing an assumption.
Karen Covy: 8:55
So tell me about that. What are those options? Because those are the ones that I want to hear about.
Stacey Ellison: 9:01
I um well, there's well, every situation is different and unique, right? Um, but when I work with someone, we look at what their payments are currently under the current loan. Um, we discuss and I encourage them to talk to their accountant because when you get divorced, you go from filing your taxes jointly to either head of household and single. And the deductions are dramatically different, the standard deductions. So going from married to head of household or single is going to lower the standard deduction. So going to a higher interest rate could mean you would save more money itemizing your deductions rather than taking the standard deduction. And the after-tax cost of the money, which is a whole conversation that financial planners and accountants are really, really good at, I just like bringing it to their attention. I don't give tax advice, I don't give financial advice, I don't give legal advice. But to understand the true cost of doing an assumption, very often it's it I've seen instances where it saves people money and saves them cash flow and lowers their taxable income by doing a refinance as opposed to staying in that 3.5% mortgage.
Karen Covy: 10:32
Okay. But maybe I'm missing something. But isn't the divorce going to change their marital status, their tax filing status no matter what? So how would it be better for them to have a higher interest rate than a lower interest rate? I'm still missing that point.
Stacey Ellison: 10:51
Okay, so with the higher interest rate, you're obviously paying more mortgage interest annually. Okay. And I've got spreadsheets and I've got my divorce mortgage planning report that calculates all of these numbers. Um, but by lower, so the standard deduction of for this coming year uh for married is 36 of it here. Um 30, I'm sorry, $32,200 is the standard deduction. For a head of household, it's $24,150 and for single, it's $16,100. So if your the mortgage interest paid at the lower rate at 3.5% is below that $16,100, then you would take the standard deduction. Right. If at 6%, and I'm making up numbers because I'm not running right now, but let's say you pay $18,000 in mortgage interest, right? Because you're increasing your loan amount for the buyout and going back to the 30-year term, which means the payment is mostly interest, you're then exceeding that standard deduction. And by itemizing, and this is, and I'm just talking about principal and interest and property taxes. And you know, each one, everyone is different in terms of what you can and can't deduct. So you got to talk to an accountant. But just increasing the mortgage interest part of the what is allowed to be deducted can lower your the taxable income. Again, I'm not an accountant, so like you can't talk to the sound, but it works out, and I've seen it because my report does it for me, and I share it with the accountants and with the financial planners and with the attorneys, um, that it could actually save people money by refinancing to a higher interest rate because they're changing how they're filing their taxes. Does that make sense?
Karen Covy: 12:55
Yeah, no, that does make sense. So um what I'm hearing you say is that if it turns out that your loan isn't assumable, all may not be lost, right?
Stacey Ellison: 13:07
True. Well, yeah, true. So, and I'm sorry, we not I never addressed your question that you asked, are all loans assumable? No, they're not. Um by contract, and what's written in the mortgage note, um, FHA loans are assumable and VA loans are assumable. But what has happened is that Fannie Mae and Freddie Mack are now acknowledging that divorce is a life event. And many investors, this isn't the many investors are allowing the loan to be assumed, even though, according to your paperwork, if you go back to your original paperwork when you got the loan, it's going to say it's not assumable. Okay. But however, it's totally up to their discretion. They can make up any ratios and any qualifications that they want. And sometimes that interest the loans assumed, but they change the term. So you might not keep that exact, it's crazy. They might not keep that exact interest rate. I've heard cases of that happening. So there's a lot to unwrap with assumptions. And the other thing is an assumption can take up to eight months. So if you're going to explore an assumption and there's no guarantee that it's going to get approved, you also want to make sure that the settlement agreement has a plan B. What if it doesn't go through? You don't want that spouse who wants to keep the house be forced to sell it if they can't get the assumption completed in 120 days, because you're not going to get it. Very rarely is it going to get done in 120 days. And you want to give them the opportunity to look at a refinance if the assumption doesn't get approved without varying from the timelines of the settlement agreement.
Karen Covy: 15:00
Okay, so I'm again confused because if I'm looking, if I've got mortgage documents, the original mortgage documents that I and my spouse signed to get this house, um, how do I know if it can, if those documents can say this loan is not assumable, but maybe it is assumable, how does anyone figure that out? How can you, if you're wondering, is my loan assumable, how do you find that out?
Stacey Ellison: 15:31
You have to call your servicing company. You have to call the investor.
Karen Covy: 15:36
Okay, so and that's whoever your current mortgager is? Because I know a lot of times people will get a loan from company A and then company B sells it, right? And now you're paying company B, right? So you would call company B, whoever is your current servicer, and say, I'm getting divorced. I'm getting a divorce, I want to refinance.
Stacey Ellison:
Nope. I want to know if my loan is assumable.
Karen Covy:
I want to know if my loan's assumable. That's right. So, but let me stop you there. Is there any downside to letting your lender know that you're getting a divorce?
Stacey Ellison: 16:18
No, because um divorces so in the mortgage paperwork, um, there is a due upon sale, due upon sale clause.. Right. Um, and the Garn St. Germain Act prevents that clause from being activated in the event of a divorce or a change in title. Okay. So they cannot, if you call and say, hey, I'm getting divorced, I want to assume the loan, they cannot then be like, oh my God, we're gonna call your loan due. That's illegal. They cannot do that. Um, they don't have to allow the assumption, but they cannot force you to pay the loan off just because the title is going to change because you're removing a spouse from the title. Does that make sense?
Karen Covy: 17:07
Yep, that makes total sense. So the next question is, you know, so you find out that your loan is assumable, yay, good news. But then how do you know whether you qualify? Because correct me if I'm wrong, but you still have to qualify, even though you're on the original loan, if if your spouse is coming off, you have to be able to qualify for that loan. And what do you need in order to qualify?
Stacey Ellison: 17:34
Well, every lender is different. First of all, they are not, you're not going to be able to find anything out until the divorce is finalized. Which, yeah, they won't, you they won't do anything until that spouse is being removed from title. Um, and at that point, again, because you want to make sure that the settlement agreement has a plan B, a contingency plan in case the assumption is not approved. Um, and that the navigating through this process, because it can take up to eight months and it's not fun and it's not easy. Um as a certified divorce, as a divorce mortgage planner and CDLP, um, I help people navigate through that. And I can act as an advisor and review their paperwork and help them fill out the application and make sure that everything is in line. Otherwise, you don't know what you're submitting. And God forbid you submit something that an underwriter doesn't need to see, and it can open a can of worms and you know, so having someone to guide you through that can be very helpful. And that's something that I do as a as a divorce mortgage planner.
Karen Covy: 18:50
Okay, so let me let me go back to something that you said though, that you can't start this until the divorce is final. What if you and your spouse agreed that you were going to keep the house and you so you had just an interim court order that said, you know, party A gets the house, party B is out, and you change, you know, you want to change title then. Can you then start the assumption process midstream?
Stacey Ellison: 19:19
I don't know that answer to that question. I haven't had that situation. Um my guess, my guess is that that would be up to the lender, but honestly, I I'm not 100% sure of that.
Karen Covy: 19:33
Okay. So because what I'm concerned with is a lot of times people, you know, if they can't, if one spouse can't assume the mortgage, you absolutely need that plan B, right? And so it would be very helpful to know that while you're still negotiating, because then you can negotiate. You can say, look, assumption didn't happen, couldn't happen, they rejected us for whatever reason. Um now we have plan B.
Stacey Ellison: 20:04
Yeah, but my understanding is that it's similar to like you can't refinance to take someone off title until the divorce is finalized. You can't do anything really, until the divorce is finalized. And at and that's where divorce mortgage planning comes in during the process, is to make sure that at the end you're putting your best foot forward, um, whether it's applying for an assumption or you know, setting up for refinance, um, whatever is needed. But there's really the assumptions is a it's um a lot unknown until you get into it. And like I said, it can take eight months and then not be approved. I've seen, I've seen, I haven't had it, but I know someone who had a case where the debt to income ratio was like in the 30%, like and they would qualify for any mortgage program, but the lender said no.
Karen Covy: 21:05
And do you have any recourse as the borrower to if the lender says no, is there anything you can do about it or you're just stuck?
Stacey Ellison: 21:13
You're just you're I mean, you can reapply, you know. I mean, you could you can go back and try again. And maybe it was something that, you know, something, maybe something changed. You couldn't, you know, I've heard of you know, people who have gone back two, three times before it did get approved, but you're talking if it takes six months, eight months every time.
Karen Covy: 21:37
Yeah, yeah, that's a crazy amount of time. But what if, so let's say somebody wants to apply to assume the mortgage, I assume that there are qualification standards, like you have to have a certain amount of income coming in. Um, and alimony and child support can be considered income. But can you remind me again of what are the rules regarding that?
Stacey Ellison: 22:01
Sure. Um, you know, for any mortgage application, when it comes to online and child support, there they have to meet the test of stability and consistency. So the rule we use is called 636. Um, there has to be a six-month history of receipt and a three-year continuance. And that's for alimony and child support. Plus, you have to meet documentation standards. We have to show that the alimony has been received or child support has been received as ordered. So if it's due on the first of the month, it's got to show as clearing on the first of the month. If it's $1,000 a month, it's got to be $1,000 on the first of the month, not $200 this week, $300 that week, $500 the next week. And yeah, I've paid they've paid $1,000, but it's not as ordered. So that's very important. Um it also, and if they pay by check, that's easy. If it's by electronic transfer, that's easy to document. Um, one stumbling block that happens is if someone doesn't, if the paying spouse doesn't want to transfer money directly to the receiving spouse and they open a joint account and then the receiving spouse takes it from there. In essence, they're paying themselves the alimony, and that's not gonna work. So again, having these conversations up front and making sure that you're setting the expectations for what's acceptable and what's not acceptable during the settlement agreement process will make the mortgage process easier at the end, whether you're going for a refinance or an assumption or whatever it is.
Karen Covy: 23:47
That makes total sense. And I what I want people to also hear implicit in your statement that the payor has to pay as ordered for six months means you need a court order on the front end, right? So at some point, hope you know, even in the middle of your divorce, you got to start that six-month time period ticking.
Stacey Ellison: 24:09
And that and that can start with temporary orders.
Karen Covy: 24:12
Yeah.
Stacey Ellison: 24:12
If temporary orders are in place, and it doesn't matter if those temporary orders are not for the same amount as the final order, it starts the clock ticking. And once the divorce is final, you only have to show one payment at the final amount. But the temporary orders can get that clock ticking, and that can be a big help when someone needs to do that refinance sooner rather than later. Or buy a new house sooner rather than later.
Karen Covy: 24:45
Whether you're talking refinance or you're talking assumption, if they're gonna require that six months of payment, um doesn't it would make sense, or I think it would be important for people to start those alimony payments in the middle of the divorce, because if you've got to wait six months for payments and then wait another who knows how long, six, eight months for the assumption to either go through or not, I mean, you're talking that's well over a year.
Stacey Ellison: 25:15
Yeah. And the, and if the now, here's the thing, and the biggest, the biggest objection that I hear from the vacating spouse is I need my name off that mortgage so I can qualify to buy something else. That's not necessarily true. If there is specific language in the settlement agreement that that mortgage payment can be eliminated from the vacating spouse's debt to income ratio.
Karen Covy: 25:44
But again, what specific now you've got my interest peaked. What specific language are you talking about? What does the settlement agreement have to say in order to keep the spouse who's leaving the house in order to keep that mortgage from showing up on their debt-to-income ratio if they want to buy a house?
Stacey Ellison: 26:06
Um well, that's something that I discuss with the divorce uh team directly when I'm hired. Um but it is specific language that um that underwriting will accept to not have to count that mortgage payment against the vacating spouse.
Karen Covy: 26:26
Is it the same language for every company or does it vary company to company?
Stacey Ellison: 26:33
Um it I think it has more to do with the state laws. And underwriting guidelines. So there's a lot to it. I can't give you one blanket statement.
Karen Covy: 26:48
Okay. So it's And you mentioned a little bit already, but can you explain your role in a mortgage assumption? Because I know if people want to refinance, they find a mortgage lender, a mortgage broker, they go, they apply, they do their thing. But when you're assuming a loan that already exists, you don't need a broker because you're not looking for a new mortgage. You're trying to assume the one that already exists. So, what's your role in helping people do that?
Stacey Ellison: 27:19
My role is to help explain the process to them, to get to um work with them and with the existing lender to um more of a consultant on how to file the paperwork, what the time frames are, what keep them on track in that regard. Not, yeah, obviously they've got to be the main contact with the lender, but they can give permission for me to talk to them and answer questions and that kind of stuff, and just kind of consult them through the process.
Karen Covy: 27:58
So if I'm understanding this right, you you're like a liaison between the existing mortgage company and the person who's trying to assume the mortgage.
Stacey Ellison: Yeah.
Karen Covy : What else, if somebody is interested in an assumption, what's the first thing they have to do? Like what should they be looking at to know, like, how do I even dive into this?
Stacey Ellison: 28:27
Um the first step would be to find out if their lender would allow the assumption. Um and then talk to me.
Karen Covy: 28:38
Okay, so you get involved right from that very beginning. Do you ever get involved earlier, like you're calling the mortgage company and saying, hey, can so and so assume a mortgage?
Stacey Ellison: 28:49
They're not gonna talk to me. There's privacy laws. They're not like I could call and like unless I'm the borrower, they're I'm not they're not giving me any information whatsoever.
Karen Covy: 28:59
Okay, got it. So first the borrower has to call, say, how do I give permission to this person? And then and then the mortgage company will talk to you.
Stacey Ellison:
Exactly. Yeah,
Karen Covy:
And who gets typically who gets you involved in a particular divorce case? Is it the borrower themselves, the couple, the divorcing couple? Is it the lawyer? Is it a financial advisor? Who's you know, who brings you in?
Stacey Ellison: 29:27
Like I get I have people finding my website, finding me on Divorce Lending Association, finding me on um Divorced Girl Smiling, um, and they reach out to me directly. I also have referral partners of family law attorneys and mediators and financial planners and you know, other divorce professionals that refer people to me. So, how you know it depends. I get people many different ways.
Karen Covy: 29:57
So I guess what I'm hearing you say is that if you are the divorcing couple and the lawyer says, hey, you need to get a professional involved here in the loan assumption process, they need to listen and they could go to you.
Stacey Ellison: 30:14
Yeah. And honestly, if someone comes to me and says they want an assumption, I do a whole divorce mortgage planning report as part of the process to look at all of the options because it is quite possible that it will cost less money and give better cash flow and take less time to do a refinance. Um, it's not always the most cost-effective process to do an assumption. And I'm gonna look at their long-term goals as well as their immediate goals and make sure that whatever they end up doing, give them all the options, but make sure that whatever they do is gonna meet their long-term goals. Because what's the point of going through any of this if in six months they're overwhelmed and they can't afford to keep the house and you end up selling it anyway? So right.
Karen Covy: 31:09
That that makes no sense. But you know, that what you just said uh sparked another question in my mind to re- I know if you want to refinance a loan, you've got to pay a fee, right? You go to the company, you've there's an application fee. Is the same thing true in assuming a loan?
Stacey Ellison: 31:29
There can be. There can be fees. Some lenders. The lenders are gonna charge fees. They need to make money. Yeah, they're not gonna do anything for free. So yeah, they're gonna charge you, and it can vary. It could be it could be tens of thousands of dollars.
Karen Covy: 31:49
Wow. So it sounds like it's complicated. And this is a process.
Stacey Ellison: 31:53
It's very complicated, it's very complicated, which is why you need a divorce mortgage planner.
Karen Covy: 31:59
I definitely can see that now. You have shown me the light, as they say.
Stacey Ellison:
Or am I just confused it more, confused the issue more? It's hard to tell.
Karen Covy: No, I really appreciate all this information. And if people, if people are interested in working with you, um, first of all, do you work with people across the country or only in certain states?
Stacey Ellison:
As a divorce mortgage planner, I can work with people in any state.
Karen Covy: Okay. And so if people are out there, if someone's saying, Yeah, I need to figure this out, and clearly I can't do this by myself, where can they find you?
Stacey Ellison: 32:33
Um, you can go to my website, which is divorcemortgagesolutions.biz. You can find me on Divorced Girls Smiling as a trusted advisor. Uh, you can find me on the Divorce Lending Association uh website also in find under find acdlp. Um that's divorce lendingassociation.com. Um, you can find me on Facebook, you can find me on Instagram. I'm all over the place.
Karen Covy: 33:02
Yeah, yes, you are. And for those of you who are watching or listening, all of those places will be linked in the show notes. Stacy, thank you so much for being here and sharing all your pearls of wisdom.
Stacey Ellison:
Oh, thank you, Karen. It was a pleasure. Thank you so much for having me.
Karen Covy:
You're welcome. And for those of you who are watching or are listening, if you enjoyed today's episode, if you'd like more to hear more episodes just like this, do me a big favor. Give this episode a thumbs up, like, subscribe, subscribe to the podcast, subscribe to the YouTube station, and I look forward to talking with you all again next time.
