Is Florida an equal distribution state?
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Is Florida an equal distribution state?
As opposed to community property states Florida is an equitable distribution jurisdiction. That means we start with a presumption of a 50/50 split but then apply hundreds of rules in an effort to make the division more fair.
Is my ex wife entitled to my inheritance after divorce?
Whilst going through divorce proceedings, any inheritance that may be expected in the future is not taken into consideration. However, ex-partners may still be entitled to future inheritance after a divorce is finalised if no consent order has been put in place.
Should my wife and I both be on the mortgage?
Married couples buying a house — or refinancing their current home — do not have to include both spouses on the mortgage. For example, one spouse’s low credit score could make it harder to qualify or raise your interest rate. In those cases, it’s better to leave one spouse off the home loan.
Can one spouse get a home equity loan?
It is nearly impossible to get a home equity loan on a jointly owned or marital residence without your spouse’s consent. If you somehow manage to get through the closing process, your spouse can take legal action against the lender.
Can a married couple buy a house if one has bad credit?
Lenders don’t just average out your two credit scores or go with the highest one when evaluating your creditworthiness as a pair—they pay the most attention to the lowest credit score. If your credit is great but your spouse’s isn’t so hot, a joint mortgage application could be denied.
Can I use my wife credit score to buy a house?
A couple’s credit scores aren’t averaged together in a home loan application. Lenders will use the lower of the two credit scores, says Joe Parsons, a senior loan officer at PFS Funding in Dublin, CA.
How accurate is Credit Karma?
The credit scores and credit reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. They should accurately reflect your credit information as reported by those bureaus — but they may not match other reports and scores out there.
