If you’re considering divorce, the first question for most couples is: “What should we do with the house?”
The family home is usually the biggest asset to divide. Plus, it’s more than just property. You may have ties to the neighborhood, your kids are happy in their school, and you’ve invested time, energy and love into creating a home there.
If one spouse decides to keep the house in divorce, refinancing gives you a way to access the equity in the home so one spouse can buy out the other. There are some unique challenges to getting a mortgage during a divorce, but armed with the right knowledge, you can protect yourself financially and do what’s best for your family.
In this excellent article Jeff Weaver writes about four of the most common questions and how to deal with them.