Separated and Buying Home

Are you getting separated and you want to move on with your life? Your spouse is up north. You're in Florida and you want to buy a home.

Well, you're not buying that home unless they sign on the mortgage. No they're not on the note. They're not on
the title. They're not on any debt. But they have to sign for
homestead rights.

Learn more about what you can do to buy a home before the divorce is final.

Check out our latest update about buying a house if you are separated but not divorced.

Transcript

today I want
to talk about being separated you moved
on with your life your spouse is up
north you're in Florida you want to buy
a home well you're not buying that home
unless they sign on the mortgage no
they're not on the note they're not on
the title they're not on any debt
instrument but they have to for
homestead rights you cannot buy a home
as a primary residence without their
signature so please note if you're gonna
buy a home even though you've moved on
separate lives if you're still married
they need to sign keep that in mind when
purchasing a home now if you want to buy
an investment property where you have to
put like 20% down you don't need their
signature to sign on the other mortgage
because it's an investment property not
a primary remember on homestead rights
is for primary residence only next week
I'm going to talk about co-signing
that's another one that's been coming up
so wishing you a great day thank you
very much

Check out our other helpful videos to learn more about credit and residential mortgages.

Does your condo association needs funds for a new roof

By Didier Malagies • January 12, 2026

1. HOA / Condo Association Loans (Most Common) These are commercial loans made directly to the association, not individual unit owners. Typical uses Roof replacement Structural repairs Painting, paving, elevators, plumbing Insurance-driven or reserve shortfalls Key features No lien on individual units Repaid through monthly assessments Terms: 5–20 years Fixed or adjustable rates Can be structured as: Fully amortizing loan Interest-only period upfront Line of credit for phased projects Underwriting looks at Number of units Owner-occupancy ratio Delinquency rate Budget, reserves, and assessment history No personal guarantees from owners 2. Special Assessment Financing (Owner-Friendly Option) Instead of asking owners to write large checks upfront: The association levies a special assessment Owners can finance their portion monthly Reduces resistance and default risk Keeps unit owners on predictable payments This is especially helpful in senior-heavy or fixed-income communities. 3. Reserve Replenishment Loans If reserves were drained for an emergency repair: Association borrows to rebuild reserves Keeps the condo compliant with lender and insurance requirements Helps protect unit values and marketability 4. Florida-Specific Reality (Important) Given your frequent focus on Florida condos, this resonates strongly right now: New structural integrity & reserve requirements Insurance-driven roof timelines Older associations facing multi-million-dollar projects Financing often prevents forced unit sales or assessment shock Many boards don’t realize financing is even an option until it’s explained clearly. 5. How to Position the Conversation (What to Say) You can frame it simply: “Rather than a large one-time special assessment, the association can finance the project and spread the cost over time—keeping dues manageable and protecting property values.” That line alone opens the door. 6. What Lenders Will Usually Ask For Current budget and balance sheet Reserve study (if available) Insurance certificates Delinquency report Project scope and contractor estimate Bottom Line Condo associations do not have to self-fund roofs or major repairs anymore. Financing: Preserves cash Reduces owner pushback Helps boards stay compliant Protects resale values Tune in and learn https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329