Can a Recent Divorcee Get a Mortgage in Now a Days?

Can a Recent Divorcee Get a Mortgage in Now a Days?

For a decade and a half I have been living with my ex husband. I worked hard all day, cooked for him when he came home, and did all I could to make him a king but unfortunately I was not his queen. Now at age 40 I am starting over and learning how to live again. Although I have lived on my own before, it feels like times have really changed and I am attempting to be hopeful for the future. The only thing I have going for me is the fact that my ex hubby left me with a small settlement that has been keeping me on my feet up to this point. I really want to move into a positive environment and start over so I found myself a one bedroom home in a small community that seems to be filled with nice people and it is even closer to work. The more I think about moving into a new home, the more excited I get. Life can still be good without him, right?

I keep getting nightmares that I won’t be approved for this home, however I know there is still hope. It is just my mind trying to keep me in my comfort zone. In reality, I know as long as I get a great loan I can move into my new dream home and finally start over fresh. I have to start worrying and start living. I may or may not be able to get the right funding to secure my new home, but there is no use for me to have a personal pitty party because my loan will be coming either now or later. A large concern for me that I can’t get out of my mind however is if a lender will actually lend me a significant some of money if I only have 33,000 dollars to put down in a new home. I will just have to wait to find the answer to this question.

The past few weeks when I have been off work I have been in touch with my support system of friends and asking them about all sorts of mortgage advice. Some of my friends think I should get an adjustable loan, but for the most part people think in my current mind state that I need something stable like a loan that is set for a fixed rate. I tend to agree with them but the choice in the end is mine.

Since this will be my first home without my husband and I really need to set me feet on solid ground, I really am moving towards the idea of the fixed rate mortgage. The fix rate mortgage will give me an opportunity to rest easy and manage my finances while giving me less to worry about. This is exactly what I need in my life less worries and more results. I also am not looking for any new husband so I really think this could be my permanent residence unless a prince charming falls out of the sky and onto my doorstep.

I was at the library the other day trying to bring some clarity to the mortgage process in my mind and I had an epiphany, which allowed me to clear up some the darkness I had been experiencing in my mind. I thought to myself “let me look online to find the truth about the mortgage landscape”! I actually have been taking an Internet for beginner’s class at the local community college and I decided to put my Internet skills to work. I went to the web and immediately googled best mortgage rates, because at this point in my life I feel that I truly deserve only the best. I stayed at the library for 2 whole hours looking at all the various sites related to mortgage and sure enough I found two really good ones called Mortgageloan.com, and Lender411.com. I really loved these sites because they were so interactive. I think I probably spent the last 30 minutes of my time in the library actually looking at these two websites and I have a much clearer vision of what I am up for.

I have a new problem now. I like MortgageLoan.com, and Lender411.com so much that I am debating which one I will go with to connect me to the right situation for me. I hope I can make up my mind and finish this whole process quickly. I am ready to be a new homeowner and I don’t want to be hassled by any gimmicks or speed bumps giving me false hope. I simply want clear-cut answers and guidance that eventually give me the keys to my new home. Is that too much to ask?

I’m fabulous at 40, and ready for a new life and a new home!  Let’s see how this whole thing unfolds!

Krista Scruggs is an article contributor for Lender411.com.  She is writing on behalf of Sandra Petty, a concerned consumer just trying to figure things out.  So far, she’s looking to qualify for the best San Francisco Mortgage Broker for a California home loan mortgage.