<p>Background Info:
Divorce. Applicant lives with mom in home owned by mom and non custodial parent. The mortgage and home are owned jointly by both although the non custodial parent rents and resides elsewhere.</p>
<p>On the Profile should the mom list the home as fully owned by her or is she better off putting the value of the home as 1/2? The non custodial could put down 1/2 ownership if necessary.</p>
<p>Is there any advantage of splitting the value of the home as far as applying and EFC calculation?</p>