I don’t like writing about negative things, but the reality is that today divorce is common-place due to various factors including pressure and financial strain. When the decision is made to separate a marriage is normally a very hard and difficult time. An unfortunate aspect of a divorce is the splitting of your combined assets. This includes your home.
By getting impartial information on options about your home it will make vital decisions during this stressful time easier.
The first step is that you must to decide who, if anyone, wants to live in the house. Many times neither party wishes to stay in the home due unpleasant memories. Other times, there may not be any choice on which party will stay at the house.
I’ve written this article to help you understand what your decision will mean to you financially and where you will live.
Can you afford to move? Will you have to refinance? If you do move what can you afford?
Home Loans & Divorce: 4 CHOICES
Click to read the rest of this home loans article
Thursday, September 16, 2010
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