How to Avoid Costly Housing Mistakes During and After a Divorce: What You Need to Know About Your House, Your Home Loan and Taxes
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Divorce is rarely easy and comes with many difficult decisions, one of the most important of which is what to do about the house.
Once you know how a divorce affects your home, mortgage and taxes, other more emotional decisions are easier. Most people involved in a divorce find it helpful to access some non-emotional, straightforward, specific information and answers in the midst of the heavy emotional and financial turmoil so they can make logical vs. emotional decisions on the basis of neutral, third party information.
For many, the first decision is whether they want to continue living in the house. One the one hand, the familiar surroundings may bring comfort and emotional security, but on the other, these same surroundings may evoke unpleasant memories. Is it important to you to minimize change by staying where you are, or would you rather have a fresh start by selling your home and moving to a new place?
Each person’s answers to those questions will be personal and different, but there will almost certainly be financial repercussions to the decision process. Can you manage the present house on your new budget? Or is it better to sell and buy? What can you afford? Is refinancing possible? How much house can you buy on your new budget?
To help you know what questions you should ask and how to arrive at the right answer for your specific situation, a FREE special report has been prepared by industry experts entitled, "Divorce: What You Need to Know About Your House, Your Home Loan and Taxes".