${site.data.firmName}${SEMFirmNameAlt} Main Menu
Call Today: 855-805-0595

How prenuptial agreements and alimony affect mortgages

13965526_S.jpgWhat many Missouri couples who are about to get married and buy a house may not know is that lenders may take a prenuptial agreement into consideration if it includes details about the house the couple wants to buy. Bankers may also look at alimony payments if a couple is going through the divorce process. These documents can give bankers the overall picture of a couple's financial situation.

Prenuptial agreements can legally divide an estate up if a married couple decides to get a divorce or if one spouse dies. The agreement usually provides instructions for what a surviving person is supposed to do with the property. The agreement also allows the couple to enter into a home buying agreement even if one person is not able to or not willing to meet the financial requirements. It may cover whose name will be on the mortgage and title in addition to who is responsible for making the payments.

If a couple gets divorced and one person had a significantly higher income than the other during the course of the marriage, it is possible that they may be ordered to pay alimony. This can make it difficult to qualify for a home. However, providing the payment history and a complete copy of the divorce decree can help prove that the person is eligible for a mortgage.

When a couple decides that it is time to get a divorce, one spouse may need financial assistance for some time especially if he or she stayed at home during the marriage. An attorney may help the spouse seek alimony to help the spouse afford a place to live. In some cases, the alimony can potentially be used for schooling so the person can get back into the workforce. They may also help with dividing up the property that was obtained during the marriage.

No Comments

Leave a comment
Comment Information

Contact Our Team To Get Help Now

Tell us about your case and we’ll get back to you promptly.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Stange Logo

Stange Law Firm, PC
1506 Chapel Hill Rd
Suite H
Columbia, Missouri 65203

Toll Free: 855-805-0595
Fax: 314-963-9191
Law Office Map

DHQ | Divorce Headquarters Divorce
Headquarters ® App Download The App
Questions? Live Chat Pay Your Bill Online
States of Service

Other Office Locations

  • Saint Louis County: 120 S. Central Ave., Suite 450, Clayton, MO 63105: Clayton Office
  • West County: 16024 Manchester Rd., Suite 103, Ellisville, MO 63011: Ellisville Office
  • Jackson County: 256 NE Tudor Rd., Lee's Summit, Missouri 64086: Lee's Summit Office
  • Jefferson County: 16 Municipal Drive, Suite C, Arnold, MO 63010: Arnold Office
  • St. Charles County: 2268 Bluestone Drive, St. Charles, MO 63303: St. Charles Office
  • Franklin County: 5 S. Oak St. Union, MO 63084: Union Office
  • Lincoln County: 20 Centerline Drive, Troy, Missouri 63379: Troy Office
  • Boone County: 1506 Chapel Hill Rd., Suite H, Columbia, MO 65203: Columbia Office
  • Greene County: 901 E. St. Louis, Suite 404, Springfield, Missouri 65806: Springfield, MO Office
  • St. Clair County: 115 Lincoln Place Ct., Ste. 101, Belleville, IL 62221: Belleville Office
  • Madison County: 25 Professional Park, Suite B, Maryville, Illinois 62062: Maryville Office
  • Sangamon County: 400 S. 9th St., Suite 100, Springfield, IL 62701: Springfield Office
  • McLean County: 1012 Ekstam Drive, Suite 4, Bloomington, IL 61704: Bloomington Office
  • Johnson County: 7300 West 110th Street, Suite 560, Overland Park, KS 62210: Overland Park Office
  • Sedgwick County: 2024 N. Woodlawn Street, Suite 407, Wichita, Kansas 67208: Wichita Office
  • Shawnee County: 800 SW Jackson Street, Suite 812, Topeka, Kansas 66612: Topeka Office
  • Tulsa County: 6660 S. Sheridan Road, Suite 240, Tulsa, Oklahoma 74133: Tulsa Office
  • Oklahoma County: 2601 NW Expressway, Suite 411 W, Oklahoma City, OK 73112: Oklahoma City Office
  • Monroe County: 116 W. Mill St., Waterloo, IL 62298 (by appt. only): Waterloo Office
  • St. Louis City: 100 S. 4th St., #549, St. Louis, MO 63102 (by appt. only): St. Louis Office
  • Jackson County: 2300 Main St., #948, Kansas City, MO 64108 (by appt. only): Kansas City Office

The choice of a lawyer is an important decision & should not be based solely upon advertisements. See additional disclaimers here.