Mortgage During a Divorce
Divorce can be complicated for many reasons, including financial ones. For most couples their highest value asset is their principal residence and one of the biggest decisions couples face is how to divide this asset. The more contentious the divorce, the more difficult it will be to find a mortgage solution that will fit the necessary criteria around the division of net family property, including the stresses caused by determining spousal/child support payments.
What happens if your ex-partner wants to keep the house?
Your ex-partner is unable to buy out the other?
What if both want to keep the house?
What if you want to buy a new home for yourself but your name is still listed on the old mortgage, property title or both and therefore you do not qualify?
We Can Help
As it relates to lenders and mortgages during a divorce, you have two options: Sell the home or refinance.
These are very common issues that come up for couples going through a divorce and with our expert team who has reviewed hundreds of separation agreements, we can provide customized solutions that will make this difficult period easier.