Tips & Advice
What do you do with your house when you’re going through a divorce?
Divorce is difficult and painful. Around every corner, there are new decisions to make and many of them can be emotional. Determining what to do with your home can be one of the hardest both emotionally and financially.
While this can feel overwhelming, we can start to attack complex problems by breaking them up into smaller questions, and from there work to build a list of options that fit your specific situation. Let’s start by identifying other questions for you to consider before trying to jump straight into a solution.
As always, the options available to you depend on your specific situation and your goals in the short and long term. Here are a few things to consider and answer for yourself:
Essentially, you have 2 primary options: keep your current house or sell it. Secondarily, if you decide to keep your current house, then you will need to decide if you will both stay on the mortgage and title, or let one partner refinance and buy out the other.
Remember: Most mortgage lenders will not lend you money to purchase a home if you have filed for divorce and the decree is not finalized. When possible, it is better to make any sale and purchase decisions before either of you files for divorce.
Remember: divorce is difficult, and the decisions around it take time, careful consideration, and often some emotional energy.
Some decisions are more complex and require more energy. Take your time, take notes, and involve someone you trust or someone with experience to help you sort through the many, smaller parts making up that larger decision.
If you still have questions or want to talk through options with a real person, we have folks ready to help. Forget the robots and message apps, it’s as easy as picking up the phone.
