The Lynn Rome Team - Mortgage Planning

03/31/2026

Thank you Erin!! I loved helping your adorable family every step of the way! Thank you for allowing me to hold your sweet baby during closing… Highlight of my week 🥰

02/24/2026

Hidden Gotchas That Stall Closings
Avoid these landmines before you list or apply:
• HELOC: Close/freeze or get subordination approved; order payoff letters early.
• Insurance: Update named insureds and the mortgagee clause right away.
• Taxes/HOA: Check tax prorations, HOA transfer fees, resale certificates, and any arrears.
• Title “seasoning”: Know any waiting periods that affect certain refi/buyout options.
• Utilities: Switch names/billing and document hold-harmless language.
• Servicer notes: Get assumption/refi requirements in writing and keep call logs.

Want my free detailed guide on Managing Your Mortgage During Divorce? Private DM me YES and I’ll DM it to you.

02/16/2026

I truly have the best clients! Navigating a solo refinance after a divorce can be scary, I am so glad that I was able to help you!!

02/10/2026

Shared home = shared risk.
Keep scores intact with a simple plan:

1. Autopay + backup payer until the sale/refi/assumption closes.
2. Ask the servicer to recognize you as a Successor-in-Interest so you can view statements and options.
3. Put it in writing: decree/temporary orders should state who pays, when, and how. Keep proof of every payment.
4. DTI relief (maybe): If a court assigns the payment to the other party, some programs allow excluding it for the departing spouse—but late history still hurts both.
5. Monitor & escalate early: Set alerts; if hardship is looming, call loss-mitigation before a missed payment.



Want my free detailed guide on Managing Your Mortgage During Divorce? Private DM me YES and I’ll DM it to you.

02/03/2026

Assumptions let you take over an existing loan’s rate, balance, and terms (typically FHA/VA/USDA; most conventional aren’t assumable).

What to expect:
• You still qualify: income/credit/DTI and servicer approval.
• Push for a release of liability for the departing spouse—get it in writing.
• If the balance is lower than the agreed value, you’ll cover the equity gap with cash or a 2nd lien.

Special VA note: If a non-veteran assumes without substituting entitlement, the veteran’s benefit can remain tied up—confirm the plan.

Timeline & fees: Ask the servicer about steps, costs, and turn-times up front.



Want my free detailed guide on Managing Your Mortgage During Divorce? Private DM me YES and I’ll DM it to you.

01/31/2026

01/09/2026

Divorce + House: 3 Paths that Actually Work

Here’s the clean way to choose what to do with a shared home:

Your #1 goal drives the path.
• Lowest payment? Refinance the loan into one name (often 30-year). Pay down risky debts first to improve ratios.

• Need cash from equity? Either sell and split net proceeds or structure a buyout refinance that pays the departing spouse.

• Keep a super-low rate? If the loan is FHA/VA/USDA, ask about a credit-qualifying assumption to keep the existing terms.
Red flags: Late payments, open HELOCs, or no formal release of liability for the spouse leaving the loan.

Next step: Pick a path → call the servicer → lock a realistic monthly payment target.



Want my free detailed guide on Managing Your Mortgage During Divorce? Private DM me YES and I’ll DM it to you.

04/16/2024

🔔Breaking news! 🔔

We have received great news today from Fannie Mae regarding the NAR real estate commission settlement. (This is what we expected to happen, but nice to see it become official.)

"If a seller or seller’s real estate agent continues to pay the buyer’s real estate agent commission in accordance with local common and customary practices, these amounts are not required to be counted towards the IPC limits for the transaction."

This means Real Estate Agent Commission will not be included in the maximum allowable seller contribution we use toward buyer’s fees! 🎉🎉

Want to know more? DM me so we can connect!

02/21/2024

Seller concessions are more readily available in today’s market. As more buyers start making offers on homes, the seller will be less likely to offer concessions to help get their house sold. Right now is a great time to take advantage of seller concessions!

01/25/2024

Signed contracts on new homes rebounded in December, up 8% from November and beating forecasts as falling mortgage rates and the lack of existing homes for sale brought buyers to the new construction market. This has helped boost builder confidence and construction, which is important as more completed homes are needed to meet demand.