Divorce Real Estate and Mortgage Journal August 2024

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CHALLENGES AND FINANCIAL STRUGGLES FOR MEN

Debt repayment is another significant financial burden. Men often must pay off debts accumulated

during the marriage, including credit cards, loans, and shared financial obligations. Insurance

premiums for health, auto, and life insurance may increase post-divorce, adding to the financial strain.

Maintaining a Social Life and Handling New Responsibilities

Maintaining a social life and relieving stress through entertainment and social activities is important

for mental health but can also be costly. Dining out, hobbies, and travel are ordinary expenses that

men may need to budget for.

Divorce is a challenging process that requires men to balance numerous responsibilities and expenses.

By understanding the top struggles and financial expenditures, men can better prepare for the road

ahead and take proactive steps to manage their finances and emotional well-being. Seeking the

assistance of a Certified Divorce Lending Professional (CDLP®) can provide the necessary expertise

and support to navigate these challenges successfully. Maintaining a healthy lifestyle, building a strong

support network, and focusing on personal growth is crucial for navigating this difficult transition and

emerging stronger on the other side.

08 DIVORCE REAL ESTATE & MORTGAGE JOURNAL

Divorce Mortgage Planning is not about originating a

mortgage loan for a divorced borrower; it’s about

creating a strategic blueprint for financial stability

during and after divorce.

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